64 Lake Shore DrCorpus ChristiTX78413
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 64 Lake Shore Dr, Corpus Christi, TX, 78413 offers $1,914/mo rent that, after a $1,407/mo payment. Total monthly income is $1,914/mo. Return on cash invested measures 10.55% in year one, and rental yield stands at 7.99% at a $287,500 entry. Equity gained on principal adds $1,855/yr while 5% annual appreciation compounds into $79,431 by year five. Five-year ROI records 56.66% and total cumulative return in cash reaches $53,999. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,914/mo property income versus a $1,407/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1989
7,052 sqft lot
$N/A/sqft
$613 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78413, Corpus Christi, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,511 (100%) |
| Owner Occupied HU | 8,723 (56.2%) |
| Renter Occupied HU | 5,532 (35.7%) |
| Vacant Housing Units | 1,256 ( 8.1%) |
| Median Home Value | $260,890 |
| Average Home Value | $302,226 |
Housing Distribution
Address Breakdown
Residential
14,956
Single Family
10,033
Multi-Family
4,923
Businesses
849
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Listed by: Brenda Garcia • THE KB TEAM & ASSOCIATES
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #445944
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.