14300 S Padre Island Dr APT 224Corpus ChristiTX78418
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow14300 S Padre Island Dr APT 224, Corpus Christi, TX, 78418 in Corpus Christi earns its strong cash-flow label: 12.66% yield, $2,284/mo rent, $744/mo net income, DSCR 2.34. The $216,500 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $59,815 by year five. Combined with $1,994/yr in principal paydown, total projected return reaches $130,889.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.7% | 7.8% |
| Monthly Cash Flow | $744 | $450 |
City averages based on Corpus Christi market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,284 |
| Total Monthly Debt Service | $1,453 |
| DSCR Ratio | 1.57x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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: N/A • N/A
Mls Name: undefined
Mls ID: #N/A