1110 Elgin StCorpus ChristiTX78405
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 1110 Elgin St, Corpus Christi, TX, 78405 in Corpus Christi at $112,900 earns $885/mo in rent and nets $82/mo after the $508/mo payment, a 9.41% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $31,192 over five years. Ziffy Mortgage underwrites this on a 1.74 DSCR without U.S. credit history. With $1,040/yr in principal paydown, total projected return reaches $48,545.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 7.8% |
| Monthly Cash Flow | $82 | $450 |
City averages based on Corpus Christi market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $885 |
| Total Monthly Debt Service | $758 |
| DSCR Ratio | 1.17x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: South Texas MLS
Mls ID: #471002