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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% |
Rental property for sale in Corpus Christi at 1515 Ocean Dr, Corpus Christi, TX, 78404 offers $2,754/mo rent that, after a $2,442/mo payment. Total monthly income is $2,754/mo. Return on cash invested measures 14.15% in year one, and rental yield stands at 6.62% at a $499,000 entry. Equity gained on principal adds $3,220/yr while 5% annual appreciation compounds into $137,865 by year five. Five-year ROI records 73.14% and total cumulative return in cash reaches $120,990. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,754/mo property income versus a $2,442/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1975
8,956 sqft lot
$N/A/sqft
No 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 |
|---|---|---|
| 2025-02-03 | Price change | $499,000 |
| 2024-11-30 | Price change | $515,000 |
| 2024-10-28 | Price change | $599,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | N/A | N/A | $325,560 | N/A |
| 2023-02-13 | $6938.56 | -14.34% | $325,560 | N/A |
| 2022-02-13 | $8099.84 | -3.55% | $325,560 | 0.49% |
Listed by: Patricia Wilde • South Coast Real Estate
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #445439
Disclaimer: Based on information from South Texas MLS, LLC as of 2025-02-13 04:25:27 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.
