636 Texas AveCorpus ChristiTX78404
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Corpus Christi at 636 Texas Ave, Corpus Christi, TX, 78404 priced at $149,900 converts $1,139/mo rent into $73/mo cash flow after a $734/mo obligation. Total monthly income equals $1,139/mo, and annual cash flow totals $873/yr on $49,692 invested. Return on cash invested prints 21.67% in year one, and rental yield reads 9.12% against a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation compiles into $41,415 by year five. Five-year ROI reaches 113.5% and total cumulative return in cash sums $56,399. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,139/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in 1946
9,618 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78404, Corpus Christi, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,115 (100%) |
| Owner Occupied HU | 3,273 (46.0%) |
| Renter Occupied HU | 2,754 (38.7%) |
| Vacant Housing Units | 1,088 (15.3%) |
| Median Home Value | $192,468 |
| Average Home Value | $279,396 |
Housing Distribution
Address Breakdown
Residential
6,178
Single Family
5,361
Multi-Family
817
Businesses
504
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Listed by: James Mirabal • Mirabal Montalvo & Associates
Mls Name: South Texas MLS
Mls ID: #469743