7186 lake placidCorpus 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 7186 lake placid, Corpus Christi, TX, 78414 offers a 10.47% rental yield on a $310,000 purchase with $2,706/mo rent. Total monthly income registers $2,706/mo, and a $1,517/mo payment leaves $365/mo available for distribution. Annual cash flow reaches $4,376/yr on $102,765 to close, and return on cash invested stands at 24.17% in year one. Equity gained on principal adds $2,000/yr while 5% annual appreciation supports $85,647 over five years. Portfolio math shows five-year ROI at 127.47% and total cumulative return in cash at $130,999. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,706/mo property income against a $1,517/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2018
5,227 sqft lot
$N/A/sqft
$32 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
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Listed by: Desiree Herr • Rubiola Realty
Mls Name: SABOR
Mls Provider:
Mls ID: #1863730
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.