4000 Surfside Blvd APT 903Corpus ChristiTX78402
INVESTMENT ANALYSIS
Investment Verdict
Solid Income4000 Surfside Blvd APT 903, Corpus Christi, TX, 78402 in Corpus Christi carries a 1.55 coverage ratio, rent of $2,011/mo is 1.55 times the $1,300/mo payment. Rental yield 8.35%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $289,000 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $79,845; total projected cumulative return: $79,408.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 7.8% |
| Monthly Cash Flow | $(519) | $450 |
City averages based on Corpus Christi market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,011 |
| Total Monthly Debt Service | $2,415 |
| DSCR Ratio | 0.83x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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
$475 monthly 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
$475 monthly 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