202 Reef Ave APT 407Corpus ChristiTX78402
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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
Investment Highlights
Investment property for sale in Corpus Christi at 202 Reef Ave APT 407, Corpus Christi, TX, 78402 listed at $259,900 pairs $2,483/mo rent with a $1,272/mo payment to leave $635/mo cash flow. Total monthly income runs $2,483/mo, and annual cash flow reaches $7,619/yr on $86,157 cash to close. Return on cash invested measures 28.75% in year one, and rental yield registers 11.46% at a $259,900 basis. Equity gained on principal adds $1,677/yr, and annual property appreciation at 5% supports $71,806 by year five. Five-year ROI tracks 151.47% and total cumulative return in cash totals $130,498. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,483/mo property income relative to a $1,272/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1985
1,394 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78402, Corpus Christi, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 919 (100%) |
| Owner Occupied HU | 150 (16.3%) |
| Renter Occupied HU | 268 (29.2%) |
| Vacant Housing Units | 501 (54.5%) |
| Median Home Value | $381,818 |
| Average Home Value | $398,667 |
Housing Distribution
Address Breakdown
Residential
915
Single Family
130
Multi-Family
785
Businesses
66
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Listed by: Karen Gustavus • RE/MAX ELITE
Mls Name: South Texas MLS
Mls ID: #466023