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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 253 Leming Ave, Corpus Christi, TX, 78401 priced at $499,000 converts $2,354/mo rent into after a $2,442/mo obligation. Total monthly income equals $2,354/mo. Return on cash invested prints 11.25% in year one, and rental yield reads 5.66% against a $499,000 entry. Equity gained on principal adds $3,220/yr, while 5% annual appreciation compiles into $137,865 by year five. Five-year ROI reaches 57.59% and total cumulative return in cash sums $95,262. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,354/mo property income covering a $2,442/mo payment, not borrower’s personal income.
Multi Family
Built in 1940
10,498 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78401, Corpus Christi, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,066 (100%) |
| Owner Occupied HU | 320 (15.5%) |
| Renter Occupied HU | 1,244 (60.2%) |
| Vacant Housing Units | 502 (24.3%) |
| Median Home Value | $163,415 |
| Average Home Value | $278,161 |
Residential
1,762
Single Family
699
Multi-Family
1,063
Businesses
1,180
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Jean Cunningham • Hallmark Realty CC
Mls Name: South Texas MLS
Mls ID: #461936
