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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% |
Investment property for sale in Elmendorf at 16619 OLD CORPUS CHRISTI RD, Elmendorf, TX, 78112 offers a 10.67% rental yield on a $217,500 purchase with $1,934/mo rent. Total monthly income registers $1,934/mo, and a $1,065/mo payment leaves $386/mo available for distribution. Annual cash flow reaches $4,632/yr on $72,101 to close, and return on cash invested stands at 26.33% in year one. Equity gained on principal adds $1,403/yr while 5% annual appreciation supports $60,091 over five years. Portfolio math shows five-year ROI at 138.5% and total cumulative return in cash at $99,858. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,934/mo property income against a $1,065/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1928
0.83 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78112, Elmendorf, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,837 (100%) |
| Owner Occupied HU | 3,111 (81.1%) |
| Renter Occupied HU | 463 (12.1%) |
| Vacant Housing Units | 263 ( 6.9%) |
| Median Home Value | $225,106 |
| Average Home Value | $267,048 |
Residential
3,591
Single Family
3,591
Multi-Family
0
Businesses
123
Date | Event | Price |
|---|---|---|
| 2024-09-20 | Price change | $217,500 |
| 2024-08-07 | Price change | $220,000 |
| 2024-07-03 | Listed for sale | $225,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-23 | N/A | N/A | $179,750 | 5.15% |
| 2023-10-23 | $3621.80 | 2.47% | $170,940 | 12.47% |
| 2022-10-23 | $3534.34 | 21.56% | $151,990 | 17.27% |
Listed by: Alejandro Espada • Vortex Realty
Mls Name: SABOR
Mls Provider:
Mls ID: #1789825
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
