929 Ashland Dr

Corpus Christi, TX 78412
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3 bd, 1 ba | 1,031 sqft | Built in 1955

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Curb View
List Price
$129,434

Initial Investment

$33,498

Purchase Price

$121,500

Down Payment

25%

Rent

$1,230

Total Return

$58,502

Annualized Return

23.1%

Cap Rate

6.6%

Gross Yield

12.1%

Cash Flow

$709

Appreciation

7.8%
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Features

Occupancy

Occupied

Lease Start

04/01/2016

Lease End

04/30/2020

Lot Size

9,265

HOA

None

Flood Risk

Not Required

  • < $390 in immediate repairs
  • 3-star Neighborhood
  • Walking distance to Meadowbrook Elementary School, the Corpus Christi Planetarium, and several parks
  • 2 car carport
  • April Rent has been paid. See ledger in diligence vault

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$14,022

Expenses

-$3,908

Property Taxes

-$2,800

Loan Payments

-$6,605

Net Cash Flow

$709

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