6638 Long Meadow Dr #3-DCorpus ChristiTX78413
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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
Investment property for sale in Corpus Christi at 6638 Long Meadow Dr #3-D, Corpus Christi, TX, 78413 uses $64,974 cash to close to unlock $4,611/yr annual cash flow and $384/mo monthly cash flow. Total monthly income runs $1,914/mo, and a $959/mo payment keeps the spread at $384/mo. Purchase price stands at $196,000, and rental yield measures 11.72% with $1,914/mo rent. Return on cash invested shows 27.01% in year one, and 5% annual appreciation builds toward $54,151 over five years. Five-year ROI reaches 143.06% and total cumulative return in cash records $92,952. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,914/mo property income covering a $959/mo payment rather than investor’s personal income.
Townhouse
Built in 1984
3,049 sqft lot
$N/A/sqft
$60 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: James Sandoval • Prime Real Estate
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #451926
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.