1233 Preston StCorpus ChristiTX78418
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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 1233 Preston St, Corpus Christi, TX, 78418 priced at $189,900 pairs $1,647/mo rent with $297/mo cash flow after a $929/mo payment. Total monthly income equals $1,647/mo, and annual cash flow comes to $3,565/yr on $62,952 invested. Return on cash invested is 25.57% in year one, and rental yield stands at 10.41% on a $189,900 basis. Equity gained on principal adds $1,225/yr, and 5% annual appreciation accumulates to $52,466 by year five. Five-year ROI measures 134.49% and total cumulative return in cash reaches $84,665. For financing, Ziffy Mortgage’s DSCR program evaluates $1,647/mo property income against a $929/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2016
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78418, Corpus Christi, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,925 (100%) |
| Owner Occupied HU | 9,132 (54.0%) |
| Renter Occupied HU | 4,073 (24.1%) |
| Vacant Housing Units | 3,720 (22.0%) |
| Median Home Value | $357,827 |
| Average Home Value | $408,375 |
Housing Distribution
Address Breakdown
Residential
15,824
Single Family
13,764
Multi-Family
2,060
Businesses
633
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Listed by: Angela Roldan • Costa Sur Real Estate
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #453183
Disclaimer: Based on information from South Texas MLS, LLC as of 2025-02-13 04:55:27 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.