3730 Locke LnCorpus ChristiTX78415
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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 3730 Locke Ln, Corpus Christi, TX, 78415 listed at $254,900 pairs $1,902/mo rent with a $1,248/mo payment to leave $89/mo cash flow. Total monthly income runs $1,902/mo, and annual cash flow reaches $1,068/yr on $84,499 cash to close. Return on cash invested measures 21.17% in year one, and rental yield registers 8.95% at a $254,900 basis. Equity gained on principal adds $1,645/yr, and annual property appreciation at 5% supports $70,424 by year five. Five-year ROI tracks 110.83% and total cumulative return in cash totals $93,648. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,902/mo property income relative to a $1,248/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1980
9,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78415, Corpus Christi, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,293 (100%) |
| Owner Occupied HU | 8,499 (52.2%) |
| Renter Occupied HU | 5,836 (35.8%) |
| Vacant Housing Units | 1,958 (12.0%) |
| Median Home Value | $162,838 |
| Average Home Value | $239,827 |
Housing Distribution
Address Breakdown
Residential
14,632
Single Family
12,464
Multi-Family
2,168
Businesses
1,119
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Listed by: Liz Canchola • Group One Real Estate
Mls Name: South Texas MLS
Mls ID: #463469