14300 S Padre Island Dr APT 224Corpus 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 224, Corpus Christi, TX, 78418 offers a 12.66% rental yield on a $216,500 purchase with $2,284/mo rent. Total monthly income registers $2,284/mo, and a $1,060/mo payment leaves $744/mo available for distribution. Annual cash flow reaches $8,929/yr on $71,770 to close, and return on cash invested stands at 32.35% in year one. Equity gained on principal adds $1,397/yr while 5% annual appreciation supports $59,815 over five years. Portfolio math shows five-year ROI at 170.84% and total cumulative return in cash at $122,608. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,284/mo property income against a $1,060/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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
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