7122 Premont Dr APT D101Corpus ChristiTX78414
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe headline number at 7122 Premont Dr APT D101, Corpus Christi, TX, 78414 in Corpus Christi is the 1.78 coverage ratio: rent of $1,167/mo versus a $656/mo debt payment on a $145,900 property. Rental yield 9.6%. That margin is what gives Ziffy Mortgage's DSCR loan the coverage it needs for a clean, fast approval, no W-2s, no U.S. residency. Appreciation at 5%/yr projects $40,309 by year five, with $1,344/yr in equity from paydown. Total projected cumulative return: $45,966.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 7.8% |
| Monthly Cash Flow | $(176) | $450 |
City averages based on Corpus Christi market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,167 |
| Total Monthly Debt Service | $1,284 |
| DSCR Ratio | 0.91x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1984
2,997 sqft lot
$N/A/sqft
$305 monthly 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
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
Condo
Built in 1984
2,997 sqft lot
$N/A/sqft
$305 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sheila Knott • Better Homes & Gardens Real Estate Winans
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #457049
Disclaimer: Based on information from South Texas MLS, LLC as of 2025-04-03 05:26:47 PDT. 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.