2418 Cleo StCorpus ChristiTX78405
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 2418 Cleo St, Corpus Christi, TX, 78405 uses $47,371 cash to close to unlock $6,159/yr annual cash flow and $513/mo monthly cash flow. Total monthly income runs $1,529/mo, and a $699/mo payment keeps the spread at $513/mo. Purchase price stands at $142,900, and rental yield measures 12.84% with $1,529/mo rent. Return on cash invested shows 32.91% in year one, and 5% annual appreciation builds toward $39,481 over five years. Five-year ROI reaches 173.87% and total cumulative return in cash records $82,365. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,529/mo property income covering a $699/mo payment rather than investor’s personal income.
Single Family
Built in 1947
7,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78405, Corpus Christi, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,649 (100%) |
| Owner Occupied HU | 2,567 (45.4%) |
| Renter Occupied HU | 2,214 (39.2%) |
| Vacant Housing Units | 868 (15.4%) |
| Median Home Value | $79,776 |
| Average Home Value | $170,461 |
Housing Distribution
Address Breakdown
Residential
5,135
Single Family
4,569
Multi-Family
566
Businesses
748
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Clyde Miller • Coastal Bend Real Estate
Mls Name: South Texas MLS
Mls ID: #463534