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$219,900

1516 Lazy Ln, Corpus Christi, TX, 78415

On MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,419 Sq Ft
DuplexDuplex
price_per_sqft$154.97 / sqft
Year BuiltBuilt in 1952

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Half 2Bathrooms Half 2

Exterior

Lot Size6,621 sqft

Building Information

Year Built1952
Roof Type105

Land Information

APN9921-0006-0020
Lot Number2
SubdivisionWynwood #2
Land UseResidential
Legal DescriptionWYNWOOD #2 BLK 6 LOT 2
Census Tract002002
Assessed Land Value$13,200
Assessed Improvement Value$107,695
Assessment Year2025

About this property

Turn-key duplex located at 1516-1518 Lazy Lane, offering an exceptional income-producing opportunity. Unit 1516 features 710 square feet of air-conditioned space, including 2 bedrooms, 1 bathroom, a kitchen, and a living area with hardwood flooring. Additional amenities include a 10' x 10' laundry room, a 10' x 10' covered patio, central air and heat, and a driveway accommodating two or more vehicles. Unit 1518 also boasts 710 square feet of air-conditioned space with 2 bedrooms, 1 bathroom, a vinyl-floored kitchen, and a living area with hardwood flooring. Like the first unit, it includes a 10' x 10' laundry room, a 10' x 10' covered patio, central air and heat, and a wider driveway for two or more vehicles. Both units share a fenced yard and feature all-electric appliances, including a stove, oven, and water heater. Don’t miss this fantastic opportunity to own a well-maintained, income-generating property!

Investor Tools

$139,777Estimated Mortgage Balance
$78,976Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,319 /month
Positive
Cash Flow Estimate:
$440 /month

Interested in this property?

Justin Colmenero

Prime Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$382/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,491
$120,895
2025
$13,200
$107,695
$120,895
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,491
$120,895

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fbc Mortgage Llc
Conventional
$150,000
No
First
Aug 26, 2022
Sep 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$139,777
$78,223
35%
64%
$900/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Corpus Christi

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