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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Corpus Christi at 338 Paloma St, Corpus Christi, TX, 78412 with 5% annual appreciation on a $179,900 basis while $1,440/mo rent supports operations. Total monthly income totals $1,440/mo and a $881/mo payment preserves $160/mo for cash returns. Annual cash flow comes to $1,923/yr on $59,637 deployed, and return on cash invested reaches 23.13% in year one. Equity gained on principal adds $1,161/yr, and five-year appreciation sums $49,703 alongside rental yield of 9.61%. Five-year ROI measures 121.41% and total cumulative return in cash totals $72,405.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,440/mo property income versus a $881/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1951
8,006 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78412, Corpus Christi, TX area.
| 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 |
Residential
16,708
Single Family
10,069
Multi-Family
6,639
Businesses
725
Date | Event | Price |
|---|---|---|
| 2024-08-30 | Price change | $179,900 |
| 2024-03-13 | Pending sale | $75,000 |
| 2024-03-07 | Listed for sale | $75,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-31 | $30.16 | 15.20% | $122,349 | 10.00% |
| 2022-08-31 | $26.18 | 14.98% | $111,226 | 7.31% |
| 2021-08-31 | $22.77 | 10.86% | $103,650 | 2.53% |
Listed by: Laura Miller • Keller Williams Coastal Bend
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #447546
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.
