401 AntaresCorpus ChristiTX78418
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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 401 Antares, Corpus Christi, TX, 78418 priced at $280,000 converts $2,065/mo rent into $74/mo cash flow after a $1,370/mo obligation. Total monthly income equals $2,065/mo, and annual cash flow totals $892/yr on $92,820 invested. Return on cash invested prints 20.87% in year one, and rental yield reads 8.85% against a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation compiles into $77,359 by year five. Five-year ROI reaches 109.24% and total cumulative return in cash sums $101,397. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,065/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Single Family
Built in 1975
7,187 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78418, Corpus Christi, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,925 (100%) |
| Owner Occupied HU | 9,132 (54.0%) |
| Renter Occupied HU | 4,073 (24.1%) |
| Vacant Housing Units | 3,720 (22.0%) |
| Median Home Value | $357,827 |
| Average Home Value | $408,375 |
Housing Distribution
Address Breakdown
Residential
15,824
Single Family
13,764
Multi-Family
2,060
Businesses
633
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Listed by: Kathy Morrison • Home Team of America
Mls Name: LERA MLS
Mls ID: #1937121