4022 Wood River Dr APT 7ACorpus 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
Investment property for sale in Corpus Christi at 4022 Wood River Dr APT 7A, Corpus Christi, TX, 78410 offers a 10.85% rental yield on a $192,500 purchase with $1,740/mo rent. Total monthly income registers $1,740/mo, and a $942/mo payment leaves $71/mo available for distribution. Annual cash flow reaches $855/yr on $63,814 to close, and return on cash invested stands at 21.25% in year one. Equity gained on principal adds $1,242/yr while 5% annual appreciation supports $53,184 over five years. Portfolio math shows five-year ROI at 113.34% and total cumulative return in cash at $72,329. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,740/mo property income against a $942/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1997
4,143 sqft lot
$N/A/sqft
$300 monthly 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: Lois Risinger • Risinger Realty
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #451833
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.