5642 Lipes Blvd UNIT 15Corpus ChristiTX78414
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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 5642 Lipes Blvd UNIT 15, Corpus Christi, TX, 78414 listed at $209,950 pairs $2,351/mo rent with a $1,028/mo payment to leave $483/mo cash flow. Total monthly income runs $2,351/mo, and annual cash flow reaches $5,791/yr on $69,598 cash to close. Return on cash invested measures 28.23% in year one, and rental yield registers 13.44% at a $209,950 basis. Equity gained on principal adds $1,355/yr, and annual property appreciation at 5% supports $58,005 by year five. Five-year ROI tracks 151.04% and total cumulative return in cash totals $105,120. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,351/mo property income relative to a $1,028/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2004
5,009 sqft lot
$N/A/sqft
$375 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78414, Corpus Christi, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,057 (100%) |
| Owner Occupied HU | 12,542 (59.6%) |
| Renter Occupied HU | 6,771 (32.2%) |
| Vacant Housing Units | 1,744 ( 8.3%) |
| Median Home Value | $297,392 |
| Average Home Value | $330,943 |
Housing Distribution
Address Breakdown
Residential
20,580
Single Family
14,776
Multi-Family
5,804
Businesses
489
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Listed by: Greg Graham • Graham & Co Realty Group
Mls Name: NTREIS
Mls ID: #20715961
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.