5502 Crossgate Dr NCorpus ChristiTX78413
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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 5502 Crossgate Dr N, Corpus Christi, TX, 78413 listed at $199,000 pairs $2,125/mo rent with a $974/mo payment to leave $710/mo cash flow. Total monthly income runs $2,125/mo, and annual cash flow reaches $8,519/yr on $65,969 cash to close. Return on cash invested measures 32.82% in year one, and rental yield registers 12.81% at a $199,000 basis. Equity gained on principal adds $1,284/yr, and annual property appreciation at 5% supports $54,980 by year five. Five-year ROI tracks 173.27% and total cumulative return in cash totals $114,306. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,125/mo property income relative to a $974/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1983
7,497 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78413, Corpus Christi, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
14,956
Single Family
10,033
Multi-Family
4,923
Businesses
849
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Listed by: Erkan Ozbent • RE/MAX Professionals
Mls Name: South Texas MLS
Mls ID: #469336