14300 S Padre Island Dr APT 220CCorpus 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
Investment property for sale in Corpus Christi at 14300 S Padre Island Dr APT 220C, Corpus Christi, TX, 78418 uses $65,969 cash to close to unlock $1,571/yr annual cash flow and $131/mo monthly cash flow. Total monthly income runs $1,546/mo, and a $974/mo payment keeps the spread at $131/mo. Purchase price stands at $199,000, and rental yield measures 9.32% with $1,546/mo rent. Return on cash invested shows 22.29% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 116.81% and total cumulative return in cash records $77,058. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,546/mo property income covering a $974/mo payment rather than investor’s personal income.
Condo
Built in 1974
1,786 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: Rebecca Friesenhahn • Fraser Realty
Mls Name: South Texas MLS
Mls ID: #461558