1601 Merriman Ave, Corpus Christi, TX, 78412 | $113/mo Cash Flow

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1601 Merriman Ave, Corpus Christi, TX, 78412 | $113/mo Cash Flow | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Corpus Christi at 1601 Merriman Ave, Corpus Christi, TX, 78412 with 5% annual appreciation on a $125,000 basis while $1,002/mo rent supports operations. Total monthly income totals $1,002/mo and a $612/mo payment preserves $113/mo for cash returns. Annual cash flow comes to $1,355/yr on $41,438 deployed, and return on cash invested reaches 23.18% in year one. Equity gained on principal adds $807/yr, and five-year appreciation sums $34,535 alongside rental yield of 9.62%. Five-year ROI measures 121.58% and total cumulative return in cash totals $50,381.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,002/mo property income versus a $612/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1970

0.29 Acres lot

$N/A/sqft

No HOA

More details about the property

Investor Special Large Lot with Great Potential! Welcome to 1601 Merriman Ave, a single-story pier-and-beam home offering tremendous opportunity for investors or buyers looking for a renovation project. This property features 3 bedrooms, 2 bathrooms, and sits on a large fenced lot surrounded by mature trees. Inside, the home offers multiple living and dining areas, original hardwood floors, and a layout ready for your personal design ideas. In addition to the main home, there is a bonus room/separate living area detached from the primary structure perfect for a guest suite, game room, or home office. The property also includes two additional storage or workshop areas and a four-car carport located at the rear of the home, providing ample space for tools, vehicles, or equipment. Large covered patio with a walkway. Conveniently located near SPID, the Naval Air Station, Corpus Christi Army Depot, and local shopping, this home offers accessibility and long-term potential. Sold As-Is. Cash or renovation loan buyers only. Bring your vision and creativity to restore this propertys full potential!

Neighborhood Data

Neighborhood data shown for ZIP Code: 78412, Corpus Christi, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	17,290 (100%)
Owner Occupied HU	6,831 (39.5%)
Renter Occupied HU	8,750 (50.6%)
Vacant Housing Units	1,709 ( 9.9%)
Median Home Value	$228,697
Average Home Value	$296,194