14300 S Padre Island Dr APT 159Corpus ChristiTX78418
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 14300 S Padre Island Dr APT 159, Corpus Christi, TX, 78418 uses $39,117 cash to close to unlock $761/yr annual cash flow and $63/mo monthly cash flow. Total monthly income runs $903/mo, and a $578/mo payment keeps the spread at $63/mo. Purchase price stands at $118,000, and rental yield measures 9.18% with $903/mo rent. Return on cash invested shows 21.86% in year one, and 5% annual appreciation builds toward $32,601 over five years. Five-year ROI reaches 114.56% and total cumulative return in cash records $44,811. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $903/mo property income covering a $578/mo payment rather than investor’s personal income.
Condo
Built in 1974
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christine Belin • Coldwell Banker Pacesetter Ste
Mls Name: South Texas MLS
Mls ID: #458716