3222 Buddy Lawrence 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
Rental property for sale in Corpus Christi at 3222 Buddy Lawrence Dr, Corpus Christi, TX, 78408 offers $1,215/mo rent that, after a $656/mo payment, leaves $262/mo cash flow. Total monthly income is $1,215/mo, and annual cash flow is $3,144/yr on $44,421 cash. Return on cash invested measures 26.99% in year one, and rental yield stands at 10.88% at a $134,000 entry. Equity gained on principal adds $865/yr while 5% annual appreciation compounds into $37,022 by year five. Five-year ROI records 142.01% and total cumulative return in cash reaches $63,083. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,215/mo property income versus a $656/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1970
6,573 sqft 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: Celina Pena • Coastal Bend Real Estate
Mls Name: South Texas MLS
Mls ID: #469935