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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 6318 Preakness Cir, Corpus Christi, TX, 78417 offers a 11.12% rental yield on a $170,000 purchase with $1,576/mo rent. Total monthly income registers $1,576/mo, and a $832/mo payment leaves $367/mo available for distribution. Annual cash flow reaches $4,406/yr on $56,355 to close, and return on cash invested stands at 27.73% in year one. Equity gained on principal adds $1,097/yr while 5% annual appreciation supports $46,968 over five years. Portfolio math shows five-year ROI at 146.03% and total cumulative return in cash at $82,293. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,576/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1983
5,798 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78417, Corpus Christi, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,749 (100%) |
| Owner Occupied HU | 1,163 (66.5%) |
| Renter Occupied HU | 435 (24.9%) |
| Vacant Housing Units | 151 ( 8.6%) |
| Median Home Value | $195,291 |
| Average Home Value | $213,252 |
Residential
1,735
Single Family
1,333
Multi-Family
402
Businesses
208
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: April Walker • LPT Realty, LLC
Mls Name: South Texas MLS
Mls ID: #462542
