Fargo Plan, Starlight EstatesCorpus ChristiTX78414
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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 Fargo Plan, Starlight Estates, Corpus Christi, TX, 78414 priced at $307,900 converts $2,882/mo rent into $692/mo cash flow after a $1,507/mo obligation. Total monthly income equals $2,882/mo, and annual cash flow totals $8,310/yr on $102,069 invested. Return on cash invested prints 28.05% in year one, and rental yield reads 11.23% against a $307,900 entry. Equity gained on principal adds $1,987/yr, while 5% annual appreciation compiles into $85,067 by year five. Five-year ROI reaches 147.72% and total cumulative return in cash sums $150,776. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,882/mo property income covering a $1,507/mo payment, not borrower’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78414, Corpus Christi, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,057 (100%) |
| Owner Occupied HU | 12,542 (59.6%) |
| Renter Occupied HU | 6,771 (32.2%) |
| Vacant Housing Units | 1,744 ( 8.3%) |
| Median Home Value | $297,392 |
| Average Home Value | $330,943 |
Housing Distribution
Address Breakdown
Residential
20,580
Single Family
14,776
Multi-Family
5,804
Businesses
489
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Listed by: Reid Karstens • D.R. Horton - Corpus Christi
Mls Name: DR Horton
Mls Provider:
Mls ID: #N/A