1162 Florida AveCorpus ChristiTX78404
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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
Rental property for sale in Corpus Christi at 1162 Florida Ave, Corpus Christi, TX, 78404 generates $2,617/mo in rent, after a $1,855/mo payment. Total monthly income is $2,617/mo. Return on cash invested sits at 19.16% in year one, and rental yield is 8.29% on a $379,000 entry. Equity gained on principal adds $2,446/yr, while 5% annual appreciation builds toward $104,711 over five years. Five-year ROI reaches 100.05% and total cumulative return in cash sums $125,699. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,617/mo property income rather than buyer’s personal income.
Single Family
Built in 2016
10,441 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78404, Corpus Christi, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,115 (100%) |
| Owner Occupied HU | 3,273 (46.0%) |
| Renter Occupied HU | 2,754 (38.7%) |
| Vacant Housing Units | 1,088 (15.3%) |
| Median Home Value | $192,468 |
| Average Home Value | $279,396 |
Housing Distribution
Address Breakdown
Residential
6,178
Single Family
5,361
Multi-Family
817
Businesses
504
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Listed by: Juan Misael Gonzalez • RE/MAX Professionals
Mls Name: South Texas MLS
Mls ID: #469498