3938 Surfside Blvd UNIT 2304Corpus ChristiTX78402
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
Investment Highlights
Investment property for sale in Corpus Christi at 3938 Surfside Blvd UNIT 2304, Corpus Christi, TX, 78402 uses $42,929 cash to close to unlock $911/yr annual cash flow and $76/mo monthly cash flow. Total monthly income runs $997/mo, and a $634/mo payment keeps the spread at $76/mo. Purchase price stands at $129,500, and rental yield measures 9.24% with $997/mo rent. Return on cash invested shows 22.03% in year one, and 5% annual appreciation builds toward $35,778 over five years. Five-year ROI reaches 115.42% and total cumulative return in cash records $49,550. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $997/mo property income covering a $634/mo payment rather than investor’s personal income.
Condo
Built in 1981
928 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Aurora Anne Salinas • Salinas Realty
Mls Name: South Texas MLS
Mls ID: #469173