484 Palmetto StCorpus 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
Rental property for sale in Corpus Christi at 484 Palmetto St, Corpus Christi, TX, 78412 offers $2,173/mo rent that, after a $1,321/mo payment, leaves $254/mo cash flow. Total monthly income is $2,173/mo, and annual cash flow is $3,045/yr on $89,472 cash. Return on cash invested measures 23.31% in year one, and rental yield stands at 9.66% at a $269,900 entry. Equity gained on principal adds $1,742/yr while 5% annual appreciation compounds into $74,568 by year five. Five-year ROI records 122.31% and total cumulative return in cash reaches $109,434. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,173/mo property income versus a $1,321/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
8,324 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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Listed by: Diane Walker • Epique Realty LLC
Mls Name: South Texas MLS
Mls ID: #464187