2146 Alazan DrCorpus ChristiTX78418
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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
Rental property for sale in Corpus Christi at 2146 Alazan Dr, Corpus Christi, TX, 78418 priced at $280,000 converts $4,735/mo rent into $2,672/mo cash flow after a $1,370/mo obligation. Total monthly income equals $4,735/mo, and annual cash flow totals $32,070/yr on $92,820 invested. Return on cash invested prints 54.46% in year one, and rental yield reads 20.29% against a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation compiles into $77,359 by year five. Five-year ROI reaches 289.69% and total cumulative return in cash sums $268,893. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,735/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Single Family
Built in 1984
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78418, Corpus Christi, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,925 (100%) |
| Owner Occupied HU | 9,132 (54.0%) |
| Renter Occupied HU | 4,073 (24.1%) |
| Vacant Housing Units | 3,720 (22.0%) |
| Median Home Value | $357,827 |
| Average Home Value | $408,375 |
Housing Distribution
Address Breakdown
Residential
15,824
Single Family
13,764
Multi-Family
2,060
Businesses
633
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Listed by: Robert Madrigal • Prime Real Estate
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #445054
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.