823 S Water St APT 5DCorpus ChristiTX78401
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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 823 S Water St APT 5D, Corpus Christi, TX, 78401 uses $124,313 cash to close to unlock $921/yr annual cash flow and $77/mo monthly cash flow. Total monthly income runs $2,743/mo, and a $1,835/mo payment keeps the spread at $77/mo. Purchase price stands at $375,000, and rental yield measures 8.78% with $2,743/mo rent. Return on cash invested shows 20.65% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 108.02% and total cumulative return in cash records $134,283. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,743/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Condo
Built in 1962
1,272 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78401, Corpus Christi, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
1,762
Single Family
699
Multi-Family
1,063
Businesses
1,180
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Listed by: Norma Vega • Texas Premier Realty
Mls Name: South Texas MLS
Mls ID: #470247