4600 Ocean Dr APT 203Corpus ChristiTX78412
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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
Investment property for sale in Corpus Christi at 4600 Ocean Dr APT 203, Corpus Christi, TX, 78412 listed at $134,713 pairs $3,048/mo rent with a $659/mo payment to leave $1,540/mo cash flow. Total monthly income runs $3,048/mo, and annual cash flow reaches $18,485/yr on $44,657 cash to close. Return on cash invested measures 61.3% in year one, and rental yield registers 27.15% at a $134,713 basis. Equity gained on principal adds $869/yr, and annual property appreciation at 5% supports $37,219 by year five. Five-year ROI tracks 331.44% and total cumulative return in cash totals $148,014. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,048/mo property income relative to a $659/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1963
1,487 sqft lot
$N/A/sqft
$550 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78412, Corpus Christi, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,290 (100%) |
| Owner Occupied HU | 6,831 (39.5%) |
| Renter Occupied HU | 8,750 (50.6%) |
| Vacant Housing Units | 1,709 ( 9.9%) |
| Median Home Value | $228,697 |
| Average Home Value | $296,194 |
Housing Distribution
Address Breakdown
Residential
16,708
Single Family
10,069
Multi-Family
6,639
Businesses
725
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Listed by: Tiffany Burris • Luxe Realty Group
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #445061
Disclaimer: Based on information from South Texas MLS, LLC as of 2024-02-06 10:12:13 PST. 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.