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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 802B, Corpus Christi, TX, 78404 listed at $395,000 pairs $5,400/mo rent with a $1,933/mo payment to leave $720/mo cash flow. Total monthly income runs $5,400/mo, and annual cash flow reaches $8,645/yr on $130,943 cash to close. Return on cash invested measures 26.51% in year one, and rental yield registers 16.41% at a $395,000 basis. Equity gained on principal adds $2,549/yr, and annual property appreciation at 5% supports $109,131 by year five. Five-year ROI tracks 145.69% and total cumulative return in cash totals $190,770. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,400/mo property income relative to a $1,933/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1981
1,755 sqft lot
$N/A/sqft
$1,871 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 |
|---|---|---|
| 2024-08-14 | Price change | $395,000 |
| 2024-06-26 | Listed for sale | $399,900 |
| 2004-01-15 | Sold | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | N/A | N/A | $297,100 | 10.00% |
| 2023-12-27 | $1736.80 | -38.56% | $270,091 | 10.00% |
| 2022-12-27 | $2826.63 | 1.19% | $245,537 | 10.00% |
Listed by: Stephanie Hastings • Keller Williams Coastal Bend
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #443641
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.
