1938 Spencer DrCorpus ChristiTX78412
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1938 Spencer Dr, Corpus Christi, TX, 78412 listed at $189,500 pairs $1,461/mo rent with a $928/mo payment to leave $113/mo cash flow. Total monthly income runs $1,461/mo, and annual cash flow reaches $1,355/yr on $62,819 cash to close. Return on cash invested measures 22.07% in year one, and rental yield registers 9.25% at a $189,500 basis. Equity gained on principal adds $1,223/yr, and annual property appreciation at 5% supports $52,355 by year five. Five-year ROI tracks 115.63% and total cumulative return in cash totals $72,635. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,461/mo property income relative to a $928/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1973
6,525 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joseph Cortez • Create Realty Group
Mls Name: South Texas MLS
Mls ID: #464952