1138 Concho StCorpus 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
Investment property for sale in Corpus Christi at 1138 Concho St, Corpus Christi, TX, 78407 offers a 11.35% rental yield on a $219,500 purchase with $2,077/mo rent. Total monthly income registers $2,077/mo, and a $1,074/mo payment leaves $516/mo available for distribution. Annual cash flow reaches $6,197/yr on $72,764 to close, and return on cash invested stands at 28.43% in year one. Equity gained on principal adds $1,416/yr while 5% annual appreciation supports $60,644 over five years. Portfolio math shows five-year ROI at 149.76% and total cumulative return in cash at $108,970. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,077/mo property income against a $1,074/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
8,337 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: Bonnie Zamora • Garron Dean & Associates
Mls Name: South Texas MLS
Mls ID: #468389