4600 Ocean Dr APT 302Corpus 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
Rental property for sale in Corpus Christi at 4600 Ocean Dr APT 302, Corpus Christi, TX, 78412 generates $3,185/mo in rent and, after a $881/mo payment, leaves $1,261/mo in cash flow. Total monthly income is $3,185/mo, and annual cash flow is $15,135/yr on $59,637 invested. Return on cash invested sits at 45.29% in year one, and rental yield is 21.25% on a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 244.9% and total cumulative return in cash sums $146,049. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,185/mo property income rather than buyer’s personal income.
Condo
Built in 1963
2,409 sqft lot
$N/A/sqft
$644 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: Dianne Mendiola • ATC Metro Properties
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #442964
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.