15405 Grass Cay Ct APT 505Corpus 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 15405 Grass Cay Ct APT 505, Corpus Christi, TX, 78418 listed at $425,000 pairs $2,721/mo rent with a $2,080/mo payment. Total monthly income runs $2,721/mo. Return on cash invested measures 17.34% in year one, and rental yield registers 7.68% at a $425,000 basis. Equity gained on principal adds $2,742/yr, and annual property appreciation at 5% supports $117,420 by year five. Five-year ROI tracks 90.29% and total cumulative return in cash totals $127,205. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,721/mo property income relative to a $2,080/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1999
3,759 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: Tracey Cazalas • Keller Williams Coastal Bend
Mls Name: South Texas MLS
Mls ID: #460494