7041 Laramie LnCorpus ChristiTX78414
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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 7041 Laramie Ln, Corpus Christi, TX, 78414 with 5% annual appreciation on a $259,500 basis while $3,571/mo rent supports operations. Total monthly income totals $3,571/mo and a $1,270/mo payment preserves $1,712/mo for cash returns. Annual cash flow comes to $20,548/yr on $86,024 deployed, and return on cash invested reaches 43.8% in year one. Equity gained on principal adds $1,675/yr, and five-year appreciation sums $71,695 alongside rental yield of 16.51%. Five-year ROI measures 232.24% and total cumulative return in cash totals $199,781.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,571/mo property income versus a $1,270/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1984
6,460 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78414, Corpus Christi, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,057 (100%) |
| Owner Occupied HU | 12,542 (59.6%) |
| Renter Occupied HU | 6,771 (32.2%) |
| Vacant Housing Units | 1,744 ( 8.3%) |
| Median Home Value | $297,392 |
| Average Home Value | $330,943 |
Housing Distribution
Address Breakdown
Residential
20,580
Single Family
14,776
Multi-Family
5,804
Businesses
489
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Listed by: Jacqueline O'Neill • Corpus Christi Realty Group
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #442800
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.