520 S Chaparral St APT 5Corpus ChristiTX78401
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
Investment property for sale in Corpus Christi at 520 S Chaparral St APT 5, Corpus Christi, TX, 78401 at $179,900 posts ROI 38% with $899/mo cash flow from $2,664/mo rent. Total monthly income equals $2,664/mo, and annual cash flow records $10,791/yr on $59,637 to close. Return on cash invested measures 38% and rental yield reads 17.77% at the current $179,900. Equity gained on principal adds $1,161/yr, and 5% annual appreciation supports $49,703 by year five. Five-year ROI prints 204.69% and total cumulative return in cash totals $122,073.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,664/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1979
762 sqft lot
$N/A/sqft
$485 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78401, Corpus Christi, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,066 (100%) |
| Owner Occupied HU | 320 (15.5%) |
| Renter Occupied HU | 1,244 (60.2%) |
| Vacant Housing Units | 502 (24.3%) |
| Median Home Value | $163,415 |
| Average Home Value | $278,161 |
Housing Distribution
Address Breakdown
Residential
1,762
Single Family
699
Multi-Family
1,063
Businesses
1,180
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Listed by: James Rivera • Mirabal Montalvo & Associates
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #439294
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.