4023 Oak Bay Dr #E-5Corpus ChristiTX78413
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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
Rental property for sale in Corpus Christi at 4023 Oak Bay Dr #E-5, Corpus Christi, TX, 78413 generates $1,174/mo in rent and, after a $734/mo payment, leaves $108/mo in cash flow. Total monthly income is $1,174/mo, and annual cash flow is $1,293/yr on $49,692 invested. Return on cash invested sits at 22.51% in year one, and rental yield is 9.4% on a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 118.04% and total cumulative return in cash sums $58,655. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,174/mo property income rather than buyer’s personal income.
Townhouse
Built in 1982
2,444 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78413, Corpus Christi, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,511 (100%) |
| Owner Occupied HU | 8,723 (56.2%) |
| Renter Occupied HU | 5,532 (35.7%) |
| Vacant Housing Units | 1,256 ( 8.1%) |
| Median Home Value | $260,890 |
| Average Home Value | $302,226 |
Housing Distribution
Address Breakdown
Residential
14,956
Single Family
10,033
Multi-Family
4,923
Businesses
849
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Listed by: Veronica Vela-Cavazos • RE/MAX ELITE
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #461068
Disclaimer: Based on information from South Texas MLS, LLC as of 2025-06-25 08:41:42 PDT. 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.