1106 Vernon DrCorpus ChristiTX78407
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Corpus Christi at 1106 Vernon Dr, Corpus Christi, TX, 78407 priced at $162,000 pairs $1,216/mo rent with $64/mo cash flow after a $793/mo payment. Total monthly income equals $1,216/mo, and annual cash flow comes to $767/yr on $53,703 invested. Return on cash invested is 21.34% in year one, and rental yield stands at 9.01% on a $162,000 basis. Equity gained on principal adds $1,045/yr, and 5% annual appreciation accumulates to $44,758 by year five. Five-year ROI measures 111.71% and total cumulative return in cash reaches $59,993. For financing, Ziffy Mortgage’s DSCR program evaluates $1,216/mo property income against a $793/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1955
8,211 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78407, Corpus Christi, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 692 (100%) |
| Owner Occupied HU | 339 (49.0%) |
| Renter Occupied HU | 243 (35.1%) |
| Vacant Housing Units | 110 (15.9%) |
| Median Home Value | $169,669 |
| Average Home Value | $316,534 |
Housing Distribution
Address Breakdown
Residential
598
Single Family
558
Multi-Family
40
Businesses
45
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Listed by: Tabitha Hogg • Prime Real Estate
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #451038
Disclaimer: Based on information from South Texas MLS, LLC as of 2025-02-13 03:25:25 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.