202 Reef Ave APT 500Corpus 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
Rental property for sale in Corpus Christi at 202 Reef Ave APT 500, Corpus Christi, TX, 78402 generates $2,483/mo in rent, after a $1,750/mo payment. Total monthly income is $2,483/mo. Return on cash invested sits at 19.31% in year one, and rental yield is 8.33% on a $357,500 entry. Equity gained on principal adds $2,307/yr, while 5% annual appreciation builds toward $98,771 over five years. Five-year ROI reaches 100.83% and total cumulative return in cash sums $119,501. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,483/mo property income rather than buyer’s personal income.
Condo
Built in 1985
1,246 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: David Oliveira • ValTex Realty
Mls Name: South Texas MLS
Mls ID: #470226