11646 Hondo Creek DrCorpus ChristiTX78410
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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 11646 Hondo Creek Dr, Corpus Christi, TX, 78410 listed at $290,000 pairs $2,509/mo rent with a $1,419/mo payment to leave $301/mo cash flow. Total monthly income runs $2,509/mo, and annual cash flow reaches $3,609/yr on $96,135 cash to close. Return on cash invested measures 23.66% in year one, and rental yield registers 10.38% at a $290,000 basis. Equity gained on principal adds $1,871/yr, and annual property appreciation at 5% supports $80,122 by year five. Five-year ROI tracks 124.85% and total cumulative return in cash totals $120,028. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,509/mo property income relative to a $1,419/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1981
7,462 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78410, Corpus Christi, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,617 (100%) |
| Owner Occupied HU | 7,256 (62.5%) |
| Renter Occupied HU | 3,462 (29.8%) |
| Vacant Housing Units | 899 ( 7.7%) |
| Median Home Value | $261,544 |
| Average Home Value | $294,174 |
Housing Distribution
Address Breakdown
Residential
11,100
Single Family
8,868
Multi-Family
2,232
Businesses
635
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Listed by: Amber Bozeman • KM Premier Real Estate
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #449705
Disclaimer: Based on information from South Texas MLS, LLC as of 2024-02-06 10:12:13 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.