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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Corpus Christi at 4502 Lake Charles Dr, Corpus Christi, TX, 78413 offers a 11.19% rental yield on a $379,900 purchase with $3,542/mo rent. Total monthly income registers $3,542/mo, and a $1,859/mo payment leaves $805/mo available for distribution. Annual cash flow reaches $9,655/yr on $125,937 to close, and return on cash invested stands at 27.58% in year one. Equity gained on principal adds $2,451/yr while 5% annual appreciation supports $104,959 over five years. Portfolio math shows five-year ROI at 145.3% and total cumulative return in cash at $182,981. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,542/mo property income against a $1,859/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1990
9,901 sqft lot
$N/A/sqft
$109 quarterly HOA
Neighborhood data shown for ZIP Code: 78413, Corpus Christi, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,511 (100%) |
| Owner Occupied HU | 8,723 (56.2%) |
| Renter Occupied HU | 5,532 (35.7%) |
| Vacant Housing Units | 1,256 ( 8.1%) |
| Median Home Value | $260,890 |
| Average Home Value | $302,226 |
Residential
14,956
Single Family
10,033
Multi-Family
4,923
Businesses
849
Date | Event | Price |
|---|---|---|
| 2024-12-26 | Listed for sale | $379,900 |
| 2011-04-05 | Listing removed | $289,500 |
| 2011-02-07 | Price change | $289,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | N/A | N/A | $360,036 | 10.00% |
| 2023-12-27 | $1909.56 | -42.94% | $327,305 | 10.00% |
| 2022-12-27 | $3346.30 | -0.06% | $297,550 | 7.61% |
Listed by: Kim Erwin • KW Coastal Bend - Island
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #452214
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.
