1400 Ocean Dr APT 903BCorpus ChristiTX78404
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowAt 2.20, 1400 Ocean Dr APT 903B, Corpus Christi, TX, 78404 in Corpus Christi sits at the top of Ziffy Mortgage's DSCR coverage band, a significant advantage for non-U.S. buyers closing without domestic income documentation. Rental yield 11.87%. The 11.87% yield is backed by 5% annual appreciation projecting $80,094 in value gain, plus $2,670/yr in principal reduction. Total projected cumulative return: $105,144.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.9% | 7.8% |
| Monthly Cash Flow | $(157) | $450 |
City averages based on Corpus Christi market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,867 |
| Total Monthly Debt Service | $2,909 |
| DSCR Ratio | 0.99x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1981
810 sqft lot
$N/A/sqft
$865 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78404, Corpus Christi, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
6,178
Single Family
5,361
Multi-Family
817
Businesses
504
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Condo
Built in 1981
810 sqft lot
$N/A/sqft
$865 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78404, Corpus Christi, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
6,178
Single Family
5,361
Multi-Family
817
Businesses
504
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices