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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Corpus Christi at 7409 Lake Monticello Ct, Corpus Christi, TX, 78413 listed at $339,000 pairs $2,070/mo rent with a $1,659/mo payment. Total monthly income runs $2,070/mo. Return on cash invested measures 14.43% in year one, and rental yield registers 7.33% at a $339,000 basis. Equity gained on principal adds $2,188/yr, and annual property appreciation at 5% supports $93,659 by year five. Five-year ROI tracks 75.32% and total cumulative return in cash totals $84,640. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,070/mo property income relative to a $1,659/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2000
7,636 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78413, Corpus Christi, TX area.
| 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 |
Residential
14,956
Single Family
10,033
Multi-Family
4,923
Businesses
849
Date | Event | Price |
|---|---|---|
| 2024-09-12 | Listed for sale | $339,000 |
| 2016-11-21 | Sold | N/A |
| 2016-08-22 | Listed for sale | $244,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-23 | $7703.25 | 5.17% | $361,439 | 22.77% |
| 2022-10-23 | $7324.79 | 14.55% | $294,408 | 19.34% |
| 2021-10-23 | $6394.46 | 3.89% | $246,695 | 4.79% |
Listed by: David Oliveira • ValTex Realty
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #448179
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.
