15269 Caravel DrCorpus ChristiTX78418
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingFor first-time U.S. investors or those diversifying conservatively, 15269 Caravel Dr, Corpus Christi, TX, 78418 in Corpus Christi offers a clean, manageable entry. Rental yield 6.39%. DSCR 1.18 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $162,315 in additional property value over five years, with $5,411/yr in principal equity building ownership stake. Total projected cumulative return: $154,076.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.4% | 7.8% |
| Monthly Cash Flow | $(1,108) | $450 |
City averages based on Corpus Christi market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,128 |
| Total Monthly Debt Service | $4,003 |
| DSCR Ratio | 0.78x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Single Family
Built in 1987
7,040 sqft lot
$N/A/sqft
$704 annually 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
Single Family
Built in 1987
7,040 sqft lot
$N/A/sqft
$704 annually 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: Sarah Greaud • Coastline Properties
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #443380
Disclaimer: Based on information from South Texas MLS, LLC as of 2025-02-13 03:55:27 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.