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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Corpus Christi at 1038 Shephard Dr, Corpus Christi, TX, 78412 offers a 19.45% rental yield on a $149,900 purchase with $2,430/mo rent. Total monthly income registers $2,430/mo, and a $734/mo payment leaves $1,364/mo available for distribution. Annual cash flow reaches $16,365/yr on $49,692 to close, and return on cash invested stands at 52.84% in year one. Equity gained on principal adds $967/yr while 5% annual appreciation supports $41,415 over five years. Portfolio math shows five-year ROI at 280.65% and total cumulative return in cash at $139,463. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,430/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
7,440 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78412, Corpus Christi, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,290 (100%) |
| Owner Occupied HU | 6,831 (39.5%) |
| Renter Occupied HU | 8,750 (50.6%) |
| Vacant Housing Units | 1,709 ( 9.9%) |
| Median Home Value | $228,697 |
| Average Home Value | $296,194 |
Residential
16,708
Single Family
10,069
Multi-Family
6,639
Businesses
725
Date | Event | Price |
|---|---|---|
| 2024-08-26 | Listed for sale | $149,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-31 | $154.05 | 2.39% | $133,004 | 10.00% |
| 2022-08-31 | $150.46 | 3.77% | $120,913 | 10.00% |
| 2021-08-31 | $144.99 | 6.51% | $109,921 | 10.00% |
Listed by: Anita Mota • Red Door Realtors
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #447314
Disclaimer: Based on information from South Texas MLS, LLC as of 2024-02-06 10:12:13 PST. All information provided is deemed reliable but is not guaranteed and should be independently verified. South Texas MLS, LLC provides the MLS and all content therein AS IS and without any warranty, express or implied. MLS aggregate data is a copyright of Texas Association of REALTORS (TAR) and that the reader may not reproduce or distribute the MLS aggregate data.
