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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Corpus Christi at 823 S Water St APT 5C, Corpus Christi, TX, 78401 offers a 8.15% rental yield on a $165,000 purchase with $1,121/mo rent. 2% in year one. Equity gained on principal adds $1,065/yr while 5% annual appreciation supports $45,586 over five years. Portfolio math shows five-year ROI at 10.16% and total cumulative return in cash at $5,555. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,121/mo property income against a $808/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1962
N/A lot
$N/A/sqft
$800 monthly HOA
Neighborhood data shown for ZIP Code: 78401, Corpus Christi, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,066 (100%) |
| Owner Occupied HU | 320 (15.5%) |
| Renter Occupied HU | 1,244 (60.2%) |
| Vacant Housing Units | 502 (24.3%) |
| Median Home Value | $163,415 |
| Average Home Value | $278,161 |
Residential
1,762
Single Family
699
Multi-Family
1,063
Businesses
1,180
Date | Event | Price |
|---|---|---|
| 2024-09-15 | Price change | $165,000 |
| 2024-04-11 | Listed for sale | $175,000 |
| 2020-07-12 | Listing removed | $1,700 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | N/A | N/A | $146,294 | 20.00% |
| 2023-02-13 | $2598.27 | 11.73% | $121,912 | 30.43% |
| 2022-02-13 | $2325.47 | 4.70% | $93,469 | 9.08% |
Listed by: Mary Kay Schultz • Life is Good Real Estate
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #439633
Disclaimer: Based on information from South Texas MLS, LLC as of 2025-02-13 04:25:27 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.
