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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Corpus Christi at 5905 Norvel Dr, Corpus Christi, TX, 78412 priced at $190,000 pairs $1,787/mo rent with $372/mo cash flow after a $930/mo payment. Total monthly income equals $1,787/mo, and annual cash flow comes to $4,459/yr on $62,985 invested. Return on cash invested is 26.99% in year one, and rental yield stands at 11.29% on a $190,000 basis. Equity gained on principal adds $1,226/yr, and 5% annual appreciation accumulates to $52,494 by year five. Five-year ROI measures 142.49% and total cumulative return in cash reaches $89,748. For financing, Ziffy Mortgage’s DSCR program evaluates $1,787/mo property income against a $930/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1958
7,475 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78412, Corpus Christi, TX area.
| 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 |
Residential
16,708
Single Family
10,069
Multi-Family
6,639
Businesses
725
Date | Event | Price |
|---|---|---|
| 2025-06-28 | Listed for sale | $190,000 |
| 2025-06-26 | Listing removed | $190,000 |
| 2025-06-17 | Price change | $190,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-28 | $3925.21 | 84.64% | $180,504 | 16.56% |
| 2023-06-28 | $2125.85 | -24.28% | $154,860 | 10.00% |
| 2022-06-28 | $2807.50 | -15.37% | $140,782 | 10.00% |
Listed by: Victor Martinez Saldana • Coldwell Banker Pacesetter Ste
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #461241
Disclaimer: Based on information from South Texas MLS, LLC as of 2025-06-28 08:42:34 PDT. 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.
