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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 3938 Surfside Blvd, Corpus Christi, TX, 78402 generates $2,219/mo in rent and, after a $563/mo payment, leaves $834/mo in cash flow. Total monthly income is $2,219/mo, and annual cash flow is $10,010/yr on $38,123 invested. Return on cash invested sits at 46.17% in year one, and rental yield is 23.15% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 251.44% and total cumulative return in cash sums $95,853. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,219/mo property income rather than buyer’s personal income.
Condo
Built in 1981
928 sqft lot
$N/A/sqft
$480 monthly HOA
Neighborhood data shown for ZIP Code: 78402, Corpus Christi, TX area.
| 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 |
Residential
915
Single Family
130
Multi-Family
785
Businesses
66
Date | Event | Price |
|---|---|---|
| 2024-04-18 | Price change | $115,000 |
| 2024-03-27 | Listed for sale | $120,000 |
| 2023-10-03 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-16 | $2952.09 | 24.21% | $138,513 | 45.00% |
| 2022-08-16 | $2376.71 | 37.47% | $95,528 | 43.22% |
| 2021-08-16 | $1728.85 | 102.73% | $66,698 | 104.49% |
Listed by: Aurora Anne Salinas • Salinas Realty
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #439300
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.
