7209 Sparkle Sea Dr APT LCorpus ChristiTX78412
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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 7209 Sparkle Sea Dr APT L, Corpus Christi, TX, 78412 uses $59,173 cash to close to unlock $5,164/yr annual cash flow and $430/mo monthly cash flow. Total monthly income runs $1,920/mo, and a $874/mo payment keeps the spread at $430/mo. Purchase price stands at $178,500, and rental yield measures 12.91% with $1,920/mo rent. Return on cash invested shows 28.64% in year one, and 5% annual appreciation builds toward $49,316 over five years. Five-year ROI reaches 152.53% and total cumulative return in cash records $90,254. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,920/mo property income covering a $874/mo payment rather than investor’s personal income.
Townhouse
Built in 1981
1,428 sqft lot
$N/A/sqft
$220 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78412, Corpus Christi, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,290 (100%) |
| Owner Occupied HU | 6,831 (39.5%) |
| Renter Occupied HU | 8,750 (50.6%) |
| Vacant Housing Units | 1,709 ( 9.9%) |
| Median Home Value | $228,697 |
| Average Home Value | $296,194 |
Housing Distribution
Address Breakdown
Residential
16,708
Single Family
10,069
Multi-Family
6,639
Businesses
725
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Listed by: Diann Collins • Keller Williams Coastal Bend
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #450496
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.