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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 6418 Meadow Cir, Corpus Christi, TX, 78413 offers $3,360/mo rent that, after a $1,953/mo payment, leaves $497/mo cash flow. Total monthly income is $3,360/mo, and annual cash flow is $5,965/yr on $132,269 cash. Return on cash invested measures 24.42% in year one, and rental yield stands at 10.11% at a $399,000 entry. Equity gained on principal adds $2,575/yr while 5% annual appreciation compounds into $110,236 by year five. Five-year ROI records 128.35% and total cumulative return in cash reaches $169,766. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,360/mo property income versus a $1,953/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
0.30 Acres lot
$N/A/sqft
$150 annually HOA
Neighborhood data shown for ZIP Code: 78413, Corpus Christi, TX area.
| 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 |
Residential
14,956
Single Family
10,033
Multi-Family
4,923
Businesses
849
Date | Event | Price |
|---|---|---|
| 2024-08-21 | Price change | $399,000 |
| 2024-07-05 | Listed for sale | $409,900 |
| 2022-12-14 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-31 | $6779.20 | -5.98% | $386,809 | 33.47% |
| 2022-08-31 | $7210.41 | 1.22% | $289,811 | 5.45% |
| 2021-08-31 | $7123.54 | 0.57% | $274,823 | 1.45% |
Listed by: Stephen Contreras • Keller Williams Coastal Bend
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #444048
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.
