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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Corpus Christi at 14300 S Padre Island Dr APT 137, Corpus Christi, TX, 78418 generates $1,500/mo in rent and, after a $710/mo payment, leaves $119/mo in cash flow. Total monthly income is $1,500/mo, and annual cash flow is $1,423/yr on $48,068 invested. Return on cash invested sits at 22.87% in year one, and rental yield is 12.41% on a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 123.12% and total cumulative return in cash sums $59,180. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,500/mo property income rather than buyer’s personal income.
Condo
Built in 1974
741 sqft lot
$N/A/sqft
$350 monthly HOA
Neighborhood data shown for ZIP Code: 78418, Corpus Christi, TX area.
| 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 |
Residential
15,824
Single Family
13,764
Multi-Family
2,060
Businesses
633
Date | Event | Price |
|---|---|---|
| 2024-07-03 | Listed for sale | $145,000 |
| 2023-08-16 | Listing removed | N/A |
| 2023-05-11 | Listed for sale | $150,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Laura MacDonald • Keller Williams Coastal Bend
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #443903
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.
