9238 Perseverance StCorpus ChristiTX78409
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 9238 Perseverance St, Corpus Christi, TX, 78409 in Corpus Christi deserves attention. This $236,999 property earns $2,394/mo in rent, a 12.12% gross yield, and nets $709/mo after the $1,066/mo payment. DSCR 2.25 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $65,478 compounds alongside $2,183/yr in yearly equity build, for a total cumulative return of $136,420.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.1% | 7.8% |
| Monthly Cash Flow | $709 | $450 |
City averages based on Corpus Christi market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,394 |
| Total Monthly Debt Service | $1,591 |
| DSCR Ratio | 1.50x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2024
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78409, Corpus Christi, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,232 (100%) |
| Owner Occupied HU | 696 (56.5%) |
| Renter Occupied HU | 357 (29.0%) |
| Vacant Housing Units | 179 (14.5%) |
| Median Home Value | $141,250 |
| Average Home Value | $195,409 |
Housing Distribution
Address Breakdown
Residential
1,056
Single Family
886
Multi-Family
170
Businesses
256
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2024
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78409, Corpus Christi, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,232 (100%) |
| Owner Occupied HU | 696 (56.5%) |
| Renter Occupied HU | 357 (29.0%) |
| Vacant Housing Units | 179 (14.5%) |
| Median Home Value | $141,250 |
| Average Home Value | $195,409 |
Housing Distribution
Address Breakdown
Residential
1,056
Single Family
886
Multi-Family
170
Businesses
256
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christopher Marti • Marti Realty Group
Mls Name: LERA MLS
Mls ID: #1883967