1806 Melisa LnCorpus ChristiTX78412
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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 1806 Melisa Ln, Corpus Christi, TX, 78412 earns $81/mo cash flow from $1,326/mo rent with a $857/mo payment. Total monthly income totals $1,326/mo, and annual cash flow totals $973/yr on $58,013 capital. ROI tracks 21.59% on current figures, and rental yield reads 9.09% at a $175,000 purchase. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,349 over five years. Five-year ROI reaches 113.12% and total cumulative return in cash sums $65,623. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,326/mo property income instead of your personal income.
Single Family
Built in 1970
6,421 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
16,708
Single Family
10,069
Multi-Family
6,639
Businesses
725
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Listed by: April Mason • Keller Williams Coastal Bend
Mls Name: South Texas MLS
Mls ID: #462384