3938 Surfside Blvd UNIT 2305Corpus ChristiTX78402
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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 2305, Corpus Christi, TX, 78402 offers a 9.03% rental yield on a $129,500 purchase with $974/mo rent. Total monthly income registers $974/mo, and a $634/mo payment leaves $53/mo available for distribution. Annual cash flow reaches $635/yr on $42,929 to close, and return on cash invested stands at 21.39% in year one. Equity gained on principal adds $836/yr while 5% annual appreciation supports $35,778 over five years. Portfolio math shows five-year ROI at 111.98% and total cumulative return in cash at $48,074. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $974/mo property income against a $634/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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
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Listed by: Aurora Anne Salinas • Salinas Realty
Mls Name: South Texas MLS
Mls ID: #464198