4115 Meridian PlCorpus ChristiTX78411
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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 4115 Meridian Pl, Corpus Christi, TX, 78411 priced at $489,000 converts $4,250/mo rent into $773/mo cash flow after a $2,393/mo obligation. Total monthly income equals $4,250/mo, and annual cash flow totals $9,277/yr on $162,104 invested. Return on cash invested prints 25.63% in year one, and rental yield reads 10.43% against a $489,000 entry. Equity gained on principal adds $3,155/yr, while 5% annual appreciation compiles into $135,102 by year five. Five-year ROI reaches 134.76% and total cumulative return in cash sums $218,458. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,250/mo property income covering a $2,393/mo payment, not borrower’s personal income.
Single Family
Built in 1958
9,257 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78411, Corpus Christi, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,289 (100%) |
| Owner Occupied HU | 6,187 (54.8%) |
| Renter Occupied HU | 4,081 (36.2%) |
| Vacant Housing Units | 1,021 ( 9.0%) |
| Median Home Value | $219,845 |
| Average Home Value | $291,275 |
Housing Distribution
Address Breakdown
Residential
10,860
Single Family
8,882
Multi-Family
1,978
Businesses
1,692
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Listed by: Max Walker • LPT Realty, LLC
Mls Name: South Texas MLS
Mls ID: #470572