Corpus Christi, TX โ Rental Investment Analysis
๐ขGOODโ solid returnsCap Rate
7.9%
Above average
Monthly Cash Flow
+$226
After all expenses
Price-to-Rent
8.5
Investor-friendly
DSCR
1.24
Tight
๐ Key Metrics
- Median Home Price
- $176,954
- Average Rent (3BR)
- $1,730/mo
- Price-to-Rent Ratio
- 8.5(good)
- 1% Rule
- 0.98%(fails โ need 1%+)
- Cash-on-Cash Return
- 6.7%
- Vacancy Rate
- 8.0%
๐ Market Strength
Assumptions Used
20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance
Customize these numbers โ๐ Population Movement (Tax Year 2021โ2022)
Net Migration
+123 households
GROWING
Total Inflow
702
households moved in
Avg Income (New Residents)
$57,615
per household
Where they're coming from:
1.Callahan, TX202 households ยท avg $60,114
2.Bexar, TX101 households ยท avg $61,950
3.Brown, TX69 households ยท avg $46,188
4.Collin, TX57 households ยท avg $57,263
5.Bell, TX41 households ยท avg $70,976
Where residents are leaving to:
1.Callahan, TX229 households
2.Bexar, TX133 households
3.Collin, TX65 households
4.Brown, TX45 households
5.Bell, TX37 households
๐ก Strong net inflow suggests growing rental demand and upward pressure on rents.
๐๏ธ Best Zip Codes in Corpus Christi for Investors
All Zip Codes in Corpus Christi
| Zip | Cap Rate | Cash Flow | Home Price | Rent (3BR) | DSCR |
|---|---|---|---|---|---|
| 78402 | 19.6% | +$946 | $85,894 | $1,860/mo | 3.07 |
| 78405 | 16.8% | +$687 | $79,319 | $1,490/mo | 2.63 |
| 78407 | 13.9% | +$651 | $104,095 | $1,650/mo | 2.18 |
| 78408 | 12.9% | +$545 | $100,409 | $1,490/mo | 2.02 |
| 78401 | 12.2% | +$509 | $105,767 | $1,490/mo | 1.90 |
| 78416 | 12.1% | +$529 | $110,173 | $1,550/mo | 1.90 |
| 78404 | 8.2% | +$245 | $158,343 | $1,600/mo | 1.29 |
| 78412 | 8.0% | +$264 | $198,119 | $1,950/mo | 1.25 |
| 78415 | 7.9% | +$226 | $176,954 | $1,730/mo | 1.24 |
| 78411 | 7.2% | +$125 | $196,787 | $1,770/mo | 1.12 |
| 78409 | 7.0% | +$106 | $208,219 | $1,840/mo | 1.10 |
| 78380 | 6.8% | +$56 | $174,215 | $1,500/mo | 1.06 |
| 78417 | 6.5% | +$10 | $196,916 | $1,630/mo | 1.01 |
| 78410 | 5.9% | -$99 | $239,832 | $1,850/mo | 0.92 |
| 78413 | 5.7% | -$147 | $263,925 | $1,990/mo | 0.90 |
| 78414 | 4.9% | -$377 | $311,515 | $2,100/mo | 0.77 |
| 78418 | 4.3% | -$531 | $303,846 | $1,850/mo | 0.67 |