7406 Vatter DrCorpus ChristiTX78413
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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
Rental property for sale in Corpus Christi at 7406 Vatter Dr, Corpus Christi, TX, 78413 priced at $289,900 converts $3,491/mo rent into $1,285/mo cash flow after a $1,419/mo obligation. Total monthly income equals $3,491/mo, and annual cash flow totals $15,423/yr on $96,102 invested. Return on cash invested prints 35.96% in year one, and rental yield reads 14.45% against a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,094 by year five. Five-year ROI reaches 190.81% and total cumulative return in cash sums $183,369. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,491/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Single Family
Built in 1984
6,922 sqft lot
$N/A/sqft
$97 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78413, Corpus Christi, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,511 (100%) |
| Owner Occupied HU | 8,723 (56.2%) |
| Renter Occupied HU | 5,532 (35.7%) |
| Vacant Housing Units | 1,256 ( 8.1%) |
| Median Home Value | $260,890 |
| Average Home Value | $302,226 |
Housing Distribution
Address Breakdown
Residential
14,956
Single Family
10,033
Multi-Family
4,923
Businesses
849
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Listed by: Gene Guernsey • Gene Guernsey & Assoc.Realtors
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #434662
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.