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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 Corpus Christi at 1730 Melisa Ln, Corpus Christi, TX, 78412 at $229,900 posts ROI 32.43% with $795/mo cash flow from $2,430/mo rent. Total monthly income equals $2,430/mo, and annual cash flow records $9,545/yr on $76,212 to close. Return on cash invested measures 32.43% and rental yield reads 12.68% at the current $229,900. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,517 by year five. Five-year ROI prints 171.23% and total cumulative return in cash totals $130,499.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,430/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1970
6,421 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78412, Corpus Christi, TX area.
| 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 |
Residential
16,708
Single Family
10,069
Multi-Family
6,639
Businesses
725
Date | Event | Price |
|---|---|---|
| 2024-10-03 | Price change | $229,900 |
| 2024-09-08 | Listed for sale | $234,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-24 | $3664.86 | 0.12% | $171,957 | 16.88% |
| 2022-10-24 | $3660.48 | 13.67% | $147,127 | 18.43% |
| 2021-10-24 | $3220.16 | 9.52% | $124,232 | 10.47% |
Listed by: Diane Gatica • RE/MAX Quail Country
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #447971
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.
