4017 Nichols DrCorpus ChristiTX78410
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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 4017 Nichols Dr, Corpus Christi, TX, 78410 priced at $253,500 pairs $2,970/mo rent with $1,167/mo cash flow after a $1,241/mo payment. Total monthly income equals $2,970/mo, and annual cash flow comes to $14,005/yr on $84,035 invested. Return on cash invested is 36.57% in year one, and rental yield stands at 14.06% on a $253,500 basis. Equity gained on principal adds $1,636/yr, and 5% annual appreciation accumulates to $70,037 by year five. Five-year ROI measures 193.48% and total cumulative return in cash reaches $162,593. For financing, Ziffy Mortgage’s DSCR program evaluates $2,970/mo property income against a $1,241/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1990
7,532 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78410, Corpus Christi, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,617 (100%) |
| Owner Occupied HU | 7,256 (62.5%) |
| Renter Occupied HU | 3,462 (29.8%) |
| Vacant Housing Units | 899 ( 7.7%) |
| Median Home Value | $261,544 |
| Average Home Value | $294,174 |
Housing Distribution
Address Breakdown
Residential
11,100
Single Family
8,868
Multi-Family
2,232
Businesses
635
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Listed by: Debra Casso • KM Premier Real Estate
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #450792
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.