402 Pennington DrCorpus ChristiTX78412
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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 402 Pennington Dr, Corpus Christi, TX, 78412 generates $2,867/mo in rent and, after a $1,762/mo payment, leaves $307/mo in cash flow. Total monthly income is $2,867/mo, and annual cash flow is $3,687/yr on $119,307 invested. Return on cash invested sits at 23% in year one, and rental yield is 9.56% on a $359,900 entry. Equity gained on principal adds $2,322/yr, while 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 120.65% and total cumulative return in cash sums $143,942. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,867/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
9,209 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78412, Corpus Christi, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
16,708
Single Family
10,069
Multi-Family
6,639
Businesses
725
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Listed by: Josiah Salinas • Prime Real Estate
Mls Name: South Texas MLS
Mls ID: #463237