337 Melrose AveCorpus ChristiTX78404
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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 337 Melrose Ave, Corpus Christi, TX, 78404 uses $56,355 cash to close to unlock $1,010/yr annual cash flow and $84/mo monthly cash flow. Total monthly income runs $1,293/mo, and a $832/mo payment keeps the spread at $84/mo. Purchase price stands at $170,000, and rental yield measures 9.13% with $1,293/mo rent. Return on cash invested shows 21.7% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 113.75% and total cumulative return in cash records $64,101. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,293/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1960
6,761 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
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Listed by: Debra Eulenfeld • Corpus Christi Realty Group
Mls Name: South Texas MLS
Mls ID: #467015