905 Louisiana AveCorpus ChristiTX78404
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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 905 Louisiana Ave, Corpus Christi, TX, 78404 generates $1,246/mo in rent, after a $2,198/mo payment. Total monthly income is $1,246/mo. Return on cash invested sits at 4.21% in year one, and rental yield is 3.33% on a $449,000 entry. Equity gained on principal adds $2,897/yr, while 5% annual appreciation builds toward $124,050 over five years. Five-year ROI reaches 19.87% and total cumulative return in cash sums $29,572. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,246/mo property income rather than buyer’s personal income.
Multi Family
Built in 1949
7,802 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78404, Corpus Christi, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,115 (100%) |
| Owner Occupied HU | 3,273 (46.0%) |
| Renter Occupied HU | 2,754 (38.7%) |
| Vacant Housing Units | 1,088 (15.3%) |
| Median Home Value | $192,468 |
| Average Home Value | $279,396 |
Housing Distribution
Address Breakdown
Residential
6,178
Single Family
5,361
Multi-Family
817
Businesses
504
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Listed by: David Edwards • Prime Real Estate
Mls Name: South Texas MLS
Mls ID: #467539