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$256,931

1213 Ray Dr, Corpus Christi, TX, 78411

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,054 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$63.24 / sqft
Year BuiltBuilt in 1956

Property Lead Type:

Off-Market ListDeal ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available

Exterior

Lot Size9,060 sqft

Building Information

Year Built1956
Roof Type105
Garage Spaces400

Land Information

APN7122-0005-0140
Lot Number14
SubdivisionRay W B Hgts
Land UseResidential
Legal DescriptionW B RAY HTS LT 14 EXCL NW 10FT BK 5
Census Tract002200
Assessed Land Value$18,092
Assessed Improvement Value$238,839
Assessment Year2025

About this property

Incredible Investment Opportunity! Great 3 bedroom, 3 bath home offering 2,054 sqft of living space, 2 living areas plus a detached guest quarters with 1 bedroom, kitchen and full bathroom! This home is centrally located in an established, quiet neighborhood close to all that Corpus Christi has to offer! The 2 spacious living areas are perfect for gathering and entertaining! The kitchen is equipped with plenty of cabinet and storage space and tiled countertops! The spacious bedrooms are a plus! Step out back to the large concrete patio and yard ready for memories to be made with loved ones! Just a short drive to all that Corpus Christi has to offer ; NASCC, Texas A&M CC, hospitals, restaurants, shopping & the beach!

Investor Tools

Property Icon
$256,931
Estimated Property Value
$221,250Estimated Mortgage Balance
$35,999Estimated Equity
14% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,542 /month
Positive
Cash Flow Estimate:
$514 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$569/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,541
$256,931
2025
$18,092
$238,839
$256,931
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,541
$256,931

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Velocity Commercial Capital Llc
Commercial
$221,250
No
First
Mar 3, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$220,932
$35,999
14%
86%
$1,327/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Corpus Christi

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1213 Ray Dr | Property Details | No Agent List