$135,000
1337 Ray Drive, Corpus Christi, TX, 78411
$156,165 ARV
On Market
Just Added
Property Lead Type:
High Equity
Highlights
Interior
AppliancesDishwasher, Free-Standing Range
FlooringHardwood, Laminate, Linoleum
Exterior
Lot Size6,621 sqft
Building Information
Year Built1956
Roof Type105
Garage Spaces2
Land Information
APN7122-0004-0080
Lot Number8
SubdivisionRay W B Hgts
Land UseResidential
Legal DescriptionRAY W B HGTS BLK 4 LOT 8
Census Tract002200
Assessed Land Value$13,200
Assessed Improvement Value$194,273
Assessment Year2025
About this property
Low price for lots of space (1846 sq ft) This home features 3 spacious bedrooms, including the primary with a private bathroom Original hard wood floors in living area and secondary bedrooms. Den and Breezeway are laminate flooring.. The kitchen has plenty of cabinets in good condition. A breezeway leads to large den that has the washer and dryer hook ups. All water lines have been replaced with pex pipes. There is a small area in the kitchen that has soft floor, that needs repaired. The home has attached 2 car garage. Being sold AS IS
Investor Tools
$93,414Estimated Mortgage Balance
$114,059Estimated Equity
54% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$156,164
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,245 /month
Positive
Cash Flow Estimate:
$415 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$272/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,227
$207,473
2025
$13,200
$194,273
$207,473
No
Tax History
Year
Tax Paid
Assessed Value
2024
$2,227
$207,473
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Envoy Mortgage Ltd
Va
$112,365
Yes
First
Mar 1, 2018
Mar 2048
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$93,414
$114,059
54%
45%
$674/mo
