2838 Willard StCorpus ChristiTX78404
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 2838 Willard St, Corpus Christi, TX, 78404 in Corpus Christi is narrow, $76/mo net on $908/mo rent after the $526/mo debt service, but the property operates at break-even-plus, not a loss. At $117,000 with a 9.31% yield, the long-run equity case via 5% appreciation ($32,325 over five years) and $1,078/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.73 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $49,760.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 7.8% |
| Monthly Cash Flow | $76 | $450 |
City averages based on Corpus Christi market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $908 |
| Total Monthly Debt Service | $785 |
| DSCR Ratio | 1.16x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1949
9,675 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78404, Corpus Christi, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,115 (100%) |
| Owner Occupied HU | 3,273 (46.0%) |
| Renter Occupied HU | 2,754 (38.7%) |
| Vacant Housing Units | 1,088 (15.3%) |
| Median Home Value | $192,468 |
| Average Home Value | $279,396 |
Housing Distribution
Address Breakdown
Residential
6,178
Single Family
5,361
Multi-Family
817
Businesses
504
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
Single Family
Built in 1949
9,675 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78404, Corpus Christi, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,115 (100%) |
| Owner Occupied HU | 3,273 (46.0%) |
| Renter Occupied HU | 2,754 (38.7%) |
| Vacant Housing Units | 1,088 (15.3%) |
| Median Home Value | $192,468 |
| Average Home Value | $279,396 |
Housing Distribution
Address Breakdown
Residential
6,178
Single Family
5,361
Multi-Family
817
Businesses
504
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Paula Piper • Piper & Associates Real Estate
Mls Name: South Texas MLS
Mls ID: #460050