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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Corpus Christi at 1400 Ocean Dr APT 301C, Corpus Christi, TX, 78404 offers a 5.97% rental yield on a $275,000 purchase with $1,369/mo rent. 02% in year one. Equity gained on principal adds $1,775/yr while 5% annual appreciation supports $75,977 over five years. Portfolio math shows five-year ROI at 11.81% and total cumulative return in cash at $10,763. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,369/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1981
780 sqft lot
$N/A/sqft
$745 monthly HOA
Neighborhood data shown for ZIP Code: 78404, Corpus Christi, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,115 (100%) |
| Owner Occupied HU | 3,273 (46.0%) |
| Renter Occupied HU | 2,754 (38.7%) |
| Vacant Housing Units | 1,088 (15.3%) |
| Median Home Value | $192,468 |
| Average Home Value | $279,396 |
Residential
6,178
Single Family
5,361
Multi-Family
817
Businesses
504
Date | Event | Price |
|---|---|---|
| 2024-11-05 | Listed for rent | $2,400 |
| 2024-10-05 | Price change | $275,000 |
| 2024-08-19 | Price change | $285,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | N/A | N/A | $250,935 | 9.21% |
| 2023-12-27 | $4897.21 | 30.59% | $229,779 | 52.45% |
| 2022-12-27 | $3749.95 | 3.18% | $150,723 | 7.49% |
Listed by: Elizabeth Parsley • Keller Williams Coastal Bend
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #443159
Disclaimer: Based on information from South Texas MLS, LLC as of 2024-02-06 10:12:13 PST. All information provided is deemed reliable but is not guaranteed and should be independently verified. South Texas MLS, LLC provides the MLS and all content therein AS IS and without any warranty, express or implied. MLS aggregate data is a copyright of Texas Association of REALTORS (TAR) and that the reader may not reproduce or distribute the MLS aggregate data.
