1416 Craig StCorpus 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
Investment property for sale in Corpus Christi at 1416 Craig St, Corpus Christi, TX, 78404 at $447,000 posts ROI 3.78% with from $1,187/mo rent. Total monthly income equals $1,187/mo. Return on cash invested measures 3.78% and rental yield reads 3.19% at the current $447,000. Equity gained on principal adds $2,884/yr, and 5% annual appreciation supports $123,498 by year five. Five-year ROI prints 17.58% and total cumulative return in cash totals $26,052. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,187/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1970
0.27 Acres 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: Edward McClintick • Joseph Walter Realty, LLC
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #437789
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.