1430 Madrid CirCorpus ChristiTX78416
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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 1430 Madrid Cir, Corpus Christi, TX, 78416 uses $64,643 cash to close to unlock $1,989/yr annual cash flow and $166/mo monthly cash flow. Total monthly income runs $1,552/mo, and a $954/mo payment keeps the spread at $166/mo. Purchase price stands at $195,000, and rental yield measures 9.55% with $1,552/mo rent. Return on cash invested shows 22.99% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 120.57% and total cumulative return in cash records $77,938. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,552/mo property income covering a $954/mo payment rather than investor’s personal income.
Single Family
Built in 1970
8,459 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78416, Corpus Christi, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,227 (100%) |
| Owner Occupied HU | 3,232 (61.8%) |
| Renter Occupied HU | 1,548 (29.6%) |
| Vacant Housing Units | 447 ( 8.6%) |
| Median Home Value | $95,459 |
| Average Home Value | $152,908 |
Housing Distribution
Address Breakdown
Residential
4,821
Single Family
4,570
Multi-Family
251
Businesses
302
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Listed by: Teresa DeLeon-Mendez • Christi Properties
Mls Name: South Texas MLS
Mls ID: #469394