15209 S Padre Island Dr UNIT 407Corpus 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
Rental property for sale in Corpus Christi at 15209 S Padre Island Dr UNIT 407, Corpus Christi, TX, 78418 generates $1,892/mo in rent, after a $1,419/mo payment. Total monthly income is $1,892/mo. Return on cash invested sits at 10.16% in year one, and rental yield is 7.83% on a $290,000 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,122 over five years. Five-year ROI reaches 54.59% and total cumulative return in cash sums $52,480. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,892/mo property income rather than buyer’s personal income.
Townhouse
Built in 2008
2,831 sqft lot
$N/A/sqft
$611 monthly 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: Denise Gainan • Palm Bay Real Estate Sales
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #451373
Disclaimer: Based on information from South Texas MLS, LLC as of 2025-02-13 04:25:27 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.