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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 6118 Locke Ln, Corpus Christi, TX, 78415 generates $1,980/mo in rent and, after a $1,272/mo payment, leaves $132/mo in cash flow. Total monthly income is $1,980/mo, and annual cash flow is $1,583/yr on $86,157 invested. Return on cash invested sits at 21.75% in year one, and rental yield is 9.14% on a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 113.89% and total cumulative return in cash sums $98,122. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,980/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
8,093 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Callie Macdonald • eXp Realty LLC
Mls Name: South Texas MLS
Mls ID: #464207
