Corpus Christi, TX โ€” Rental Investment Analysis

๐ŸŸขGOODโ€” solid returns

Cap Rate

7.9%

Above average

Monthly Cash Flow

+$226

After all expenses

Price-to-Rent

8.5

Investor-friendly

DSCR

1.24

Tight

๐Ÿ“Š 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%

๐Ÿ“ˆ Market Strength

Assumptions Used

20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance

Customize these numbers โ†’

๐Ÿ“ˆ Population Movement (Tax Year 2021โ†’2022)

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

๐Ÿ’ก Strong net inflow suggests growing rental demand and upward pressure on rents.

๐Ÿ˜๏ธ Best Zip Codes in Corpus Christi for Investors

78402
Cap Rate: 19.6%Cash Flow: +$946/mo$85,894
78405
Cap Rate: 16.8%Cash Flow: +$687/mo$79,319
78407
Cap Rate: 13.9%Cash Flow: +$651/mo$104,095

All Zip Codes in Corpus Christi

ZipCap RateCash FlowHome PriceRent (3BR)DSCR
7840219.6%+$946$85,894$1,860/mo3.07
7840516.8%+$687$79,319$1,490/mo2.63
7840713.9%+$651$104,095$1,650/mo2.18
7840812.9%+$545$100,409$1,490/mo2.02
7840112.2%+$509$105,767$1,490/mo1.90
7841612.1%+$529$110,173$1,550/mo1.90
784048.2%+$245$158,343$1,600/mo1.29
784128.0%+$264$198,119$1,950/mo1.25
784157.9%+$226$176,954$1,730/mo1.24
784117.2%+$125$196,787$1,770/mo1.12
784097.0%+$106$208,219$1,840/mo1.10
783806.8%+$56$174,215$1,500/mo1.06
784176.5%+$10$196,916$1,630/mo1.01
784105.9%-$99$239,832$1,850/mo0.92
784135.7%-$147$263,925$1,990/mo0.90
784144.9%-$377$311,515$2,100/mo0.77
784184.3%-$531$303,846$1,850/mo0.67