715 S Upper Broadway St APT 404Corpus ChristiTX78401
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
Investment property for sale in Corpus Christi at 715 S Upper Broadway St APT 404, Corpus Christi, TX, 78401 listed at $125,000 pairs $949/mo rent with a $612/mo payment to leave $60/mo cash flow. Total monthly income runs $949/mo, and annual cash flow reaches $719/yr on $41,438 cash to close. Return on cash invested measures 21.64% in year one, and rental yield registers 9.11% at a $125,000 basis. Equity gained on principal adds $807/yr, and annual property appreciation at 5% supports $34,535 by year five. Five-year ROI tracks 113.36% and total cumulative return in cash totals $46,973. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $949/mo property income relative to a $612/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1965
945 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78401, Corpus Christi, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,066 (100%) |
| Owner Occupied HU | 320 (15.5%) |
| Renter Occupied HU | 1,244 (60.2%) |
| Vacant Housing Units | 502 (24.3%) |
| Median Home Value | $163,415 |
| Average Home Value | $278,161 |
Housing Distribution
Address Breakdown
Residential
1,762
Single Family
699
Multi-Family
1,063
Businesses
1,180
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Diane Hill • TexStar Realty
Mls Name: South Texas MLS
Mls ID: #461488