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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% |
Rental property for sale in Corpus Christi at 216 Watson St, Corpus Christi, TX, 78415 priced at $175,000 pairs $2,201/mo rent with $956/mo cash flow after a $857/mo payment. Total monthly income equals $2,201/mo, and annual cash flow comes to $11,473/yr on $58,013 invested. Return on cash invested is 39.69% in year one, and rental yield stands at 15.09% on a $175,000 basis. Equity gained on principal adds $1,129/yr, and 5% annual appreciation accumulates to $48,349 by year five. Five-year ROI measures 210.19% and total cumulative return in cash reaches $121,939. For financing, Ziffy Mortgage’s DSCR program evaluates $2,201/mo property income against a $857/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1955
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78415, Corpus Christi, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,293 (100%) |
| Owner Occupied HU | 8,499 (52.2%) |
| Renter Occupied HU | 5,836 (35.8%) |
| Vacant Housing Units | 1,958 (12.0%) |
| Median Home Value | $162,838 |
| Average Home Value | $239,827 |
Residential
14,632
Single Family
12,464
Multi-Family
2,168
Businesses
1,119
Date | Event | Price |
|---|---|---|
| 2024-08-12 | Listed for sale | $175,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-31 | $2510.68 | 7.75% | $117,802 | 25.78% |
| 2022-08-31 | $2330.20 | 9.20% | $93,659 | 13.77% |
| 2021-08-31 | $2133.84 | 4.59% | $82,323 | 5.50% |
Listed by: Robert Salazar • RSS Real Estate
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #445670
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.
