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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 923 12th St, Corpus Christi, TX, 78404 uses $61,328 cash to close to unlock $10,859/yr annual cash flow and $905/mo monthly cash flow. Total monthly income runs $2,220/mo, and a $905/mo payment keeps the spread at $905/mo. Purchase price stands at $185,000, and rental yield measures 14.4% with $2,220/mo rent. Return on cash invested shows 37.62% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 199% and total cumulative return in cash records $122,043. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,220/mo property income covering a $905/mo payment rather than investor’s personal income.
Single Family
Built in 1956
4,225 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78404, Corpus Christi, TX area.
| 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 |
Residential
6,178
Single Family
5,361
Multi-Family
817
Businesses
504
Date | Event | Price |
|---|---|---|
| 2024-07-01 | Listed for sale | $185,000 |
| 2022-04-01 | Listing removed | N/A |
| 2022-03-26 | Pending sale | $64,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-31 | $2157.31 | 31.91% | $101,222 | 53.99% |
| 2022-08-31 | $1635.40 | 25.75% | $65,732 | 31.01% |
| 2021-08-31 | $1300.48 | -15.22% | $50,172 | -14.49% |
Listed by: Hong Huy Luu • Keller Williams Coastal Bend
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #443649
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.
