15209 S Padre Island Dr Unit 408Corpus 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 408, Corpus Christi, TX, 78418 generates $2,149/mo in rent and, after a $1,366/mo payment, leaves $165/mo in cash flow. Total monthly income is $2,149/mo, and annual cash flow is $1,975/yr on $92,489 invested. Return on cash invested sits at 22.04% in year one, and rental yield is 9.24% on a $279,000 entry. Equity gained on principal adds $1,800/yr, while 5% annual appreciation builds toward $77,083 over five years. Five-year ROI reaches 115.52% and total cumulative return in cash sums $106,843. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,149/mo property income rather than buyer’s personal income.
Condo
Built in 2008
2,831 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: Al Perez • CORE Coastal Realty
Mls Name: South Texas MLS
Mls ID: #470480