510 Balboa StCorpus ChristiTX78405
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
Investment Highlights
Rental property for sale in Corpus Christi at 510 Balboa St, Corpus Christi, TX, 78405 priced at $124,500 pairs $946/mo rent with $61/mo cash flow after a $609/mo payment. Total monthly income equals $946/mo, and annual cash flow comes to $732/yr on $41,272 invested. Return on cash invested is 21.68% in year one, and rental yield stands at 9.12% on a $124,500 basis. Equity gained on principal adds $803/yr, and 5% annual appreciation accumulates to $34,397 by year five. Five-year ROI measures 113.7% and total cumulative return in cash reaches $46,924. For financing, Ziffy Mortgage’s DSCR program evaluates $946/mo property income against a $609/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1955
4,321 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78405, Corpus Christi, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,649 (100%) |
| Owner Occupied HU | 2,567 (45.4%) |
| Renter Occupied HU | 2,214 (39.2%) |
| Vacant Housing Units | 868 (15.4%) |
| Median Home Value | $79,776 |
| Average Home Value | $170,461 |
Housing Distribution
Address Breakdown
Residential
5,135
Single Family
4,569
Multi-Family
566
Businesses
748
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Listed by: Robert Madrigal • Prime Real Estate
Mls Name: South Texas MLS
Mls ID: #465220