402 Southern StCorpus ChristiTX78404
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Nearby investment properties with comparable prices
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 Southern St, Corpus Christi, TX, 78404 priced at $348,000 pairs $2,754/mo rent with $280/mo cash flow after a $1,703/mo payment. Total monthly income equals $2,754/mo, and annual cash flow comes to $3,355/yr on $115,362 invested. Return on cash invested is 22.82% in year one, and rental yield stands at 9.5% on a $348,000 basis. Equity gained on principal adds $2,246/yr, and 5% annual appreciation accumulates to $96,146 by year five. Five-year ROI measures 119.64% and total cumulative return in cash reaches $138,022. For financing, Ziffy Mortgage’s DSCR program evaluates $2,754/mo property income against a $1,703/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1938
7,020 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78404, Corpus Christi, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,115 (100%) |
| Owner Occupied HU | 3,273 (46.0%) |
| Renter Occupied HU | 2,754 (38.7%) |
| Vacant Housing Units | 1,088 (15.3%) |
| Median Home Value | $192,468 |
| Average Home Value | $279,396 |
Housing Distribution
Address Breakdown
Residential
6,178
Single Family
5,361
Multi-Family
817
Businesses
504
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Listed by: Gene Guernsey • Gene Guernsey & Assoc.Realtors
Mls Name: South Texas MLS
Mls ID: #470400