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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Corpus Christi at 1650 18th St, Corpus Christi, TX, 78404 generates $1,380/mo in rent and, after a $783/mo payment, leaves $134/mo in cash flow. Total monthly income is $1,380/mo, and annual cash flow is $1,612/yr on $53,040 invested. Return on cash invested sits at 22.95% in year one, and rental yield is 10.35% on a $160,000 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 121.29% and total cumulative return in cash sums $64,334. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,380/mo property income rather than buyer’s personal income.
Multi Family
Built in 1995
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78404, Corpus Christi, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,115 (100%) |
| Owner Occupied HU | 3,273 (46.0%) |
| Renter Occupied HU | 2,754 (38.7%) |
| Vacant Housing Units | 1,088 (15.3%) |
| Median Home Value | $192,468 |
| Average Home Value | $279,396 |
Residential
6,178
Single Family
5,361
Multi-Family
817
Businesses
504
Date | Event | Price |
|---|---|---|
| 2024-10-07 | Listed for sale | $160,000 |
| 2024-02-05 | Listing removed | N/A |
| 2023-12-08 | Listed for rent | $750 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-23 | $3952.68 | -0.80% | $185,461 | 15.80% |
| 2022-10-23 | $3984.63 | 86.68% | $160,156 | 94.49% |
| 2021-10-23 | $2134.45 | -1.93% | $82,346 | -1.08% |
Listed by: Brooke LaClair • Prime Real Estate
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #449106
Disclaimer: Based on information from South Texas MLS, LLC as of 2024-02-06 10:12:13 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.
