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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% |
Investment property for sale in Corpus Christi at 6001 Pendleton Dr, Corpus Christi, TX, 78415 offers a 16.82% rental yield on a $232,500 purchase with $3,259/mo rent. Total monthly income registers $3,259/mo, and a $1,138/mo payment leaves $1,478/mo available for distribution. Annual cash flow reaches $17,731/yr on $77,074 to close, and return on cash invested stands at 42.91% in year one. Equity gained on principal adds $1,500/yr while 5% annual appreciation supports $64,235 over five years. Portfolio math shows five-year ROI at 228.15% and total cumulative return in cash at $175,848. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,259/mo property income against a $1,138/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1986
4,912 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78415, Corpus Christi, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,293 (100%) |
| Owner Occupied HU | 8,499 (52.2%) |
| Renter Occupied HU | 5,836 (35.8%) |
| Vacant Housing Units | 1,958 (12.0%) |
| Median Home Value | $162,838 |
| Average Home Value | $239,827 |
Residential
14,632
Single Family
12,464
Multi-Family
2,168
Businesses
1,119
Date | Event | Price |
|---|---|---|
| 2024-06-21 | Listing removed | N/A |
| 2024-06-03 | Listed for rent | $1,900 |
| 2024-04-17 | Price change | $232,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-31 | $5396.00 | 6.48% | $253,182 | 24.30% |
| 2022-08-31 | $5067.79 | 31.32% | $203,692 | 36.81% |
| 2021-08-31 | $3859.18 | 5.24% | $148,885 | 6.15% |
Listed by: Karabe Baltazar • THE KB TEAM & ASSOCIATES
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #437872
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.
