753 W Cornelia CirCorpus ChristiTX78408
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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 753 W Cornelia Cir, Corpus Christi, TX, 78408 earns $940/mo cash flow from $1,864/mo rent with a $636/mo payment. Total monthly income totals $1,864/mo, and annual cash flow totals $11,278/yr on $43,095 capital. ROI tracks 46.08% on current figures, and rental yield reads 17.21% at a $129,999 purchase. Equity gained on principal adds $839/yr, and 5% annual appreciation supports $35,916 over five years. Five-year ROI reaches 244.41% and total cumulative return in cash sums $105,326. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,864/mo property income instead of your personal income.
Single Family
Built in 1948
7,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78408, Corpus Christi, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,587 (100%) |
| Owner Occupied HU | 1,883 (41.1%) |
| Renter Occupied HU | 2,017 (44.0%) |
| Vacant Housing Units | 687 (15.0%) |
| Median Home Value | $94,397 |
| Average Home Value | $139,538 |
Housing Distribution
Address Breakdown
Residential
4,231
Single Family
3,097
Multi-Family
1,134
Businesses
674
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Listed by: Matthew Forrester • RE/MAX ELITE
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #444748
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.