2006 Spanish TrlCorpus ChristiTX78410
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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 2006 Spanish Trl, Corpus Christi, TX, 78410 uses $76,245 cash to close to unlock $6,698/yr annual cash flow and $558/mo monthly cash flow. Total monthly income runs $2,194/mo, and a $1,126/mo payment keeps the spread at $558/mo. Purchase price stands at $230,000, and rental yield measures 11.45% with $2,194/mo rent. Return on cash invested shows 28.69% in year one, and 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 151.23% and total cumulative return in cash records $115,303. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,194/mo property income covering a $1,126/mo payment rather than investor’s personal income.
Single Family
Built in 2003
5,502 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78410, Corpus Christi, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,617 (100%) |
| Owner Occupied HU | 7,256 (62.5%) |
| Renter Occupied HU | 3,462 (29.8%) |
| Vacant Housing Units | 899 ( 7.7%) |
| Median Home Value | $261,544 |
| Average Home Value | $294,174 |
Housing Distribution
Address Breakdown
Residential
11,100
Single Family
8,868
Multi-Family
2,232
Businesses
635
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Listed by: Abel Encinia • Mirabal Montalvo & Associates
Mls Name: South Texas MLS
Mls ID: #466330