3253 Sarita StCorpus ChristiTX78416
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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 3253 Sarita St, Corpus Christi, TX, 78416 uses $60,333 cash to close to unlock $25,423/yr annual cash flow and $2,119/mo monthly cash flow. Total monthly income runs $3,413/mo, and a $891/mo payment keeps the spread at $2,119/mo. Purchase price stands at $182,000, and rental yield measures 22.5% with $3,413/mo rent. Return on cash invested shows 62.05% in year one, and 5% annual appreciation builds toward $50,283 over five years. Five-year ROI reaches 330.02% and total cumulative return in cash records $199,113. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,413/mo property income covering a $891/mo payment rather than investor’s personal income.
Single Family
Built in 1954
5,563 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78416, Corpus Christi, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,227 (100%) |
| Owner Occupied HU | 3,232 (61.8%) |
| Renter Occupied HU | 1,548 (29.6%) |
| Vacant Housing Units | 447 ( 8.6%) |
| Median Home Value | $95,459 |
| Average Home Value | $152,908 |
Housing Distribution
Address Breakdown
Residential
4,821
Single Family
4,570
Multi-Family
251
Businesses
302
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Listed by: Nora Hinojosa • eXp Realty LLC
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #441087
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.