1110 Elgin StCorpus ChristiTX78405
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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
Investment property for sale in Corpus Christi at 1110 Elgin St, Corpus Christi, TX, 78405 with 5% annual appreciation on a $112,900 basis while $893/mo rent supports operations. Total monthly income totals $893/mo and a $553/mo payment preserves $90/mo for cash returns. Annual cash flow comes to $1,077/yr on $37,426 deployed, and return on cash invested reaches 22.79% in year one. Equity gained on principal adds $729/yr, and five-year appreciation sums $31,192 alongside rental yield of 9.49%. Five-year ROI measures 119.53% and total cumulative return in cash totals $44,734.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $893/mo property income versus a $553/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1958
2,361 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78405, Corpus Christi, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,649 (100%) |
| Owner Occupied HU | 2,567 (45.4%) |
| Renter Occupied HU | 2,214 (39.2%) |
| Vacant Housing Units | 868 (15.4%) |
| Median Home Value | $79,776 |
| Average Home Value | $170,461 |
Housing Distribution
Address Breakdown
Residential
5,135
Single Family
4,569
Multi-Family
566
Businesses
748
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Listed by: Annalisa Rios • eXp Realty LLC
Mls Name: South Texas MLS
Mls ID: #471002