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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% |
Investment property for sale in Corpus Christi at 2335 Howard St, Corpus Christi, TX, 78408 offers a 21.6% rental yield on a $110,000 purchase with $1,980/mo rent. Total monthly income registers $1,980/mo, and a $538/mo payment leaves $1,198/mo available for distribution. Annual cash flow reaches $14,378/yr on $36,465 to close, and return on cash invested stands at 59.34% in year one. Equity gained on principal adds $710/yr while 5% annual appreciation supports $30,391 over five years. Portfolio math shows five-year ROI at 315.59% and total cumulative return in cash at $115,080. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,980/mo property income against a $538/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
3,999 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78408, Corpus Christi, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,587 (100%) |
| Owner Occupied HU | 1,883 (41.1%) |
| Renter Occupied HU | 2,017 (44.0%) |
| Vacant Housing Units | 687 (15.0%) |
| Median Home Value | $94,397 |
| Average Home Value | $139,538 |
Residential
4,231
Single Family
3,097
Multi-Family
1,134
Businesses
674
Date | Event | Price |
|---|---|---|
| 2024-06-27 | Price change | $110,000 |
| 2024-05-16 | Listed for sale | $129,999 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-23 | $646.68 | 0.82% | $30,343 | 17.69% |
| 2022-10-23 | $641.45 | 19.17% | $25,782 | 24.15% |
| 2021-10-23 | $538.26 | -3.46% | $20,766 | -2.62% |
Listed by: Veronica Vela-Cavazos • RE/MAX ELITE
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #441717
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.
