438 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
Investment property for sale in Corpus Christi at 438 Pennington Dr, Corpus Christi, TX, 78412 offers a 10.2% rental yield on a $284,900 purchase with $2,422/mo rent. Total monthly income registers $2,422/mo, and a $1,394/mo payment leaves $396/mo available for distribution. Annual cash flow reaches $4,758/yr on $94,444 to close, and return on cash invested stands at 24.95% in year one. Equity gained on principal adds $1,838/yr while 5% annual appreciation supports $78,713 over five years. Portfolio math shows five-year ROI at 131.09% and total cumulative return in cash at $123,803. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,422/mo property income against a $1,394/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
10,541 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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Nearby investment properties with comparable prices
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