313 Stages DrCorpus ChristiTX78412
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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
Rental property for sale in Corpus Christi at 313 Stages Dr, Corpus Christi, TX, 78412 offers $2,975/mo rent that, after a $1,022/mo payment, leaves $1,490/mo cash flow. Total monthly income is $2,975/mo, and annual cash flow is $17,879/yr on $69,250 cash. Return on cash invested measures 45.73% in year one, and rental yield stands at 17.09% at a $208,900 entry. Equity gained on principal adds $1,348/yr while 5% annual appreciation compounds into $57,715 by year five. Five-year ROI records 242.49% and total cumulative return in cash reaches $167,922. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,975/mo property income versus a $1,022/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
8,293 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78412, Corpus Christi, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,290 (100%) |
| Owner Occupied HU | 6,831 (39.5%) |
| Renter Occupied HU | 8,750 (50.6%) |
| Vacant Housing Units | 1,709 ( 9.9%) |
| Median Home Value | $228,697 |
| Average Home Value | $296,194 |
Housing Distribution
Address Breakdown
Residential
16,708
Single Family
10,069
Multi-Family
6,639
Businesses
725
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Listed by: Raymond Richards • NB Elite Realty
Mls Name: HAR
Mls Provider:
Mls ID: #61512262
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