423 Fairview DrCorpus ChristiTX78408
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 423 Fairview Dr, Corpus Christi, TX, 78408 in Corpus Christi speaks for itself: 14.21% gross on a $120,000 price, generating $1,421/mo in rent and $568/mo in net income after the $540/mo debt service. DSCR 2.63, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $6,812 stacks alongside $33,154 in projected five-year appreciation and $1,105/yr in principal reduction. Projected total cumulative return: $82,485.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.2% | 7.8% |
| Monthly Cash Flow | $568 | $450 |
City averages based on Corpus Christi market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,421 |
| Total Monthly Debt Service | $806 |
| DSCR Ratio | 1.76x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1944
6,852 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78408, Corpus Christi, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,587 (100%) |
| Owner Occupied HU | 1,883 (41.1%) |
| Renter Occupied HU | 2,017 (44.0%) |
| Vacant Housing Units | 687 (15.0%) |
| Median Home Value | $94,397 |
| Average Home Value | $139,538 |
Housing Distribution
Address Breakdown
Residential
4,231
Single Family
3,097
Multi-Family
1,134
Businesses
674
Nearby investment properties with comparable rents
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
Single Family
Built in 1944
6,852 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78408, Corpus Christi, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,587 (100%) |
| Owner Occupied HU | 1,883 (41.1%) |
| Renter Occupied HU | 2,017 (44.0%) |
| Vacant Housing Units | 687 (15.0%) |
| Median Home Value | $94,397 |
| Average Home Value | $139,538 |
Housing Distribution
Address Breakdown
Residential
4,231
Single Family
3,097
Multi-Family
1,134
Businesses
674
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Patrick Green • Green Acres Real Estate
Mls Name: South Texas MLS
Mls ID: #463351