301 Baker DrCorpus ChristiTX78408
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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 301 Baker Dr, Corpus Christi, TX, 78408 uses $102,102 cash to close to unlock $10,347/yr annual cash flow and $862/mo monthly cash flow. Total monthly income runs $3,053/mo, and a $1,508/mo payment keeps the spread at $862/mo. Purchase price stands at $308,000, and rental yield measures 11.89% with $3,053/mo rent. Return on cash invested shows 30.04% in year one, and 5% annual appreciation builds toward $85,095 over five years. Five-year ROI reaches 158.42% and total cumulative return in cash records $161,752. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,053/mo property income covering a $1,508/mo payment rather than investor’s personal income.
Single Family
Built in 1953
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78408, Corpus Christi, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
4,231
Single Family
3,097
Multi-Family
1,134
Businesses
674
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Listed by: Mark Medina • eXp Realty LLC
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #444197
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.