4000 Surfside Blvd APT 805Corpus ChristiTX78402
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 8.59% yield at 4000 Surfside Blvd APT 805, Corpus Christi, TX, 78402 in Corpus Christi is solid, but the $1,032/mo payment compresses net cash flow to $11/mo at $229,500. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $63,407 by year five, and $2,114/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.59) without U.S. income documentation. Total projected return: $88,694.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 7.8% |
| Monthly Cash Flow | $11 | $450 |
City averages based on Corpus Christi market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,643 |
| Total Monthly Debt Service | $1,541 |
| DSCR Ratio | 1.07x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1973
2,069 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
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
Condo
Built in 1973
2,069 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: David Oliveira • ValTex Realty
Mls Name: South Texas MLS
Mls ID: #463441