937 Cunningham St · Corpus Christi, TX 78411

$238,000

3 bd · 5.5 ba · 1,993 sqft · SingleFamily public records · 6 Days on market

Built 1953 7,588 sqft lot $119/sqft · 6% above area Est $259k · 8% under

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Why this score? — see what drove the D- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +11.1/15.0
• Cash flow +8.1/30.0
• Rent growth +4.5/5.0
• Livability +3.9/5.0
• 1% rule +3.7/10.0
• Schools +2.8/10.0
• Condition / age +2.5/5.0
• DSCR +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Stroll into a charming cottage-like home with massive amounts of space & storage. This updated home with a designer paint pallet offers 3 beds and 3.5 baths with the option to use 3rd bedroom upstairs as a fully functional garage apt. The spacious master suite has many beautiful built-ins, 2 large closets & even more storage in the bath. The roomy kitchen has more custom cabinets, drawers & counter space than you can use & a Dutch oven that's perfect for your Holiday hosting. A custom antique white China Cabinet and a matching built-in entertainment center in the front living room. Be further impressed by the enormous 2nd living space (almost 600 sqft) with its vaulted ceiling, sky lights, & full set of cabinets & counter space. Outside enjoy the immaculate mature landscaping from a huge covered patio. Workshop is fully equip with a half bath & storage. Life doesn't get much sweeter than this character filled dream home.

Key facts

• 7,588 sq ft lot
• 2 garage spots
• Built 1953

Property features AI

Finance

• HOA & community: Short-term rentals allowed; Sidewalks in the community

Exterior

• Parking: Garage (2 spaces); Total parking for 4 vehicles; Concrete parking; 2 covered parking spaces
• Utilities: Public sewer available; Sewer available
• Home design: Two-story home; Pillar/post/pier foundation
• Construction: Frame construction; Vinyl siding; Wood siding; Shingle roof; Built on pillars/posts/piers
• Exterior features: Deck; Covered porch/deck; Wood fencing; Landscaped lot; Paved road access

Interior

• Kitchen: Double oven; Dishwasher; Electric cooktop; Range hood
• Bedrooms:
• Flooring: Carpet; Hardwood; Tile
• Bathrooms: 3 full bathrooms; 5 half bathrooms
• Heating & cooling: Central air; Window unit(s); Window unit heating
• Interior features: Sunroom; Breakfast bar
• Laundry & utility: Dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/5.5-bath single-family listed at $238k.

Deal economics

• At list price, monthly cash flow is $-237 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $196k (17.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $208k (12.6% below list).
• Recommended offer: $196k (17.6% below list) — sets the bar for cash-flow.
• Cap rate 5.1% vs local median 3.6% in Corpus Christi — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 78/100 on livability (#66 in TX, #2,404 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: crime F.
• Corpus Christi ISD (urban): math 31% / reading 35% proficiency, ranked #562 of 826 in TX (top 68%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 63% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Calk-Wilson El (math 27% / reading 33%, grade F, #2,500 of 4,322 statewide, top 58%, 693 students, 84% FRL); Adkins Middle (math 40% / reading 39%, grade F, #660 of 1,662 statewide, top 41%, 956 students, 48% FRL); Ray H S (math 49% / reading 47%, grade D, #571 of 1,632 statewide, top 36%, 1,640 students, 69% FRL) — zoned schools at 67% FRL track the district average.
• Market conditions: Rents rising fast (+7.9%/yr); 147 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 72% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,397 units permitted in Nueces County in 2024 (47 in 5+ unit buildings).
• This rent runs 43% of the median local income ($58k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Nueces County population projected at +36% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 16y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: property tax is 2.7% of price; built in 1953 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $196,215 (17.6% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1953 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.87% ✗
• Cap rate: 5.10%
• Cash-on-cash: -4.26%
• DSCR: 0.81
• GRM: 9.5

CMA / ARV

• ARV (median comp): $258,964
• List price: $238,000
• Delta: -8.10%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1010 Weber Pkwy	0.19mi	4/2.5 (+1)	2,046 (+3%)	3mo	$319,999	$156	67
3710 Pope Dr	0.12mi	3/2.0	1,808 (-9%)	1mo	$264,900	$147	64
625 Delaine Dr	0.39mi	3/2.0	1,960 (-2%)	1mo	$309,500	$158	64
1213 Ray Dr	0.38mi	3/3.0	2,054 (+3%)	9mo	$129,900	$63	60
617 Grant Pl	0.44mi	4/2.0 (+1)	1,970 (-1%)	1mo	$355,000	$180	58
415 Center Dr	0.59mi	3/2.0	1,979 (-1%)	4mo	$395,000	$200	54
4222 Herndon St	0.60mi	3/2.5	1,934 (-3%)	3mo	$239,700	$124	52
3306 Norton St	0.72mi	4/1.5 (+1)	2,031 (+2%)	3mo	$249,000	$123	41
3341 Casa Rosa Dr	0.59mi	4/2.0 (+1)	2,138 (+7%)	4mo	$170,000	$80	38
4021 Cott St	0.42mi	3/2.0	1,744 (-12%)	9mo	$244,900	$140	38
3540 Pecan St	0.50mi	3/2.0	2,200 (+10%)	8mo	$270,000	$123	38
345 Doddridge St	0.58mi	4/3.0 (+1)	2,243 (+12%)	5mo	$399,900	$178	33

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 7.91% rent growth · sell at horizon

5-year hold

• IRR: -17.3%
• Equity multiple: 0.36×
• Total profit: $-42,663
• Equity at exit: $35,487

10-year hold

• IRR: -1.2%
• Equity multiple: 0.90×
• Total profit: $-6,809
• Equity at exit: $20,578

Cash invested: $66,640 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Texas: 87 Strongly Landlord-Friendly · R+5
• County: — inherits STATE
• City: — inherits STATE

3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.

Methodology + full state rankings →

ZIP-level market 78411

• Rents YoY: 7.9%
• Active inventory: 147
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $2,081 high
• Mortgage (P&I): −$1,248
• Tax from tax record: −$533 /mo · $6,402/yr
• Insurance: −$99
• HOA: −$0
• Vacancy / Maint / Mgmt: −$437
• Net cashflow: $-237

Break-even live

Break-even rent $2,381

Max offer price $196,215

Occupancy floor —

Sensitivity live

Price	-10% $-102	-5% $-169	+0% $-237	+5% $-304	+10% $-371
Rent	-10% $-401	-5% $-319	+0% $-237	+5% $-154	+10% $-72
Rate	-1.0pp $-117	-0.5pp $-176	base $-237	+0.5pp $-298	+1.0pp $-361

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $59,500
• Closing costs: $7,140
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
502 Brawner Pkwy Corpus Christi, TX	3.0	2.0	2293	$2,200	$0.96	46d	1	0.33mi
625 Catalina Pl Corpus Christi, TX	3.0	2.0	1750	$2,100	$1.20	15d	1	0.45mi
3450 S Alameda St Corpus Christi, TX	3.0	1.5	2342	$1,350	$0.58	45d	1	0.50mi
3314 Casa de Palmas Dr Corpus Christi, TX	3.0	2.0	1869	$2,300	$1.23	15d	1	0.63mi
929 Dolphin Pl Corpus Christi, TX	3.0	2.0	1508	$2,095	$1.39	23d	1	0.81mi
301 Bermuda Pl Corpus Christi, TX	2.0	2.0	2111	$2,850	$1.35	45d	1	0.96mi
4110 Grossman Dr Unit B Corpus Christi, TX	3.0	2.0	1228	$1,500	$1.22	45d	1	1.08mi
4634 Weir Dr Corpus Christi, TX	3.0	2.0	1540	$1,800	$1.17	45d	1	1.14mi
1522 Cambridge Dr Corpus Christi, TX	3.0	1.5	1278	$1,600	$1.25	45d	1	1.24mi
2901 S Staples St Unit B Corpus Christi, TX	2.0	1.0	2236	$900	$0.40	45d	1	1.29mi
1446 Annapolis Dr Corpus Christi, TX	3.0	2.0	1500	$1,700	$1.13	45d	1	1.30mi
4005 Green Grove Dr Corpus Christi, TX	3.0	2.0	1406	$1,695	$1.21	45d	1	1.30mi
1405 Annapolis Dr Corpus Christi, TX	3.0	1.5	1502	$2,000	$1.33	15d	1	1.32mi
4717 Edith St Unit 1268436P Corpus Christi, TX	4.0	2.0	1496	$4,708	$3.15	45d	1	1.33mi
4845 Concord St Corpus Christi, TX	4.0	2.0	1437	$1,750	$1.22	15d	1	1.40mi
4241 Green Grove Dr Corpus Christi, TX	3.0	2.0	1345	$1,700	$1.26	45d	1	1.41mi
4302 Ocean Dr Corpus Christi, TX	3.0	2.0	1420	$2,100	$1.48	46d	1	1.47mi
4302 Ocean Dr Corpus Christi, TX	3.0	2.0	1420	$2,050	$1.44	45d	2	1.47mi

Listing history 17 events

1. 2026-05-14
   status Pending 859-char remark
2. 2026-05-05
   historical 859-char remark
3. 2026-04-29
   listed $238,000 Active 859-char remark
4. 2018-07-01
   historical
5. 2018-03-02
   soldstatus
6. 2018-01-18
   status Pending
7. 2018-01-08
   historical Option Period
8. 2017-12-18
   price $189,900
9. 2017-12-17
   listed $165,240 Active
10. 2013-12-03
    soldstatus
11. 2013-11-25
    soldstatus

    Show marketing remark (975 chars)

    Stroll into a charming cottage-like home with massive amounts of space & storage. This updated home with a designer paint pallet offers 3 beds and 3.5 baths with the option to use 3rd bedroom upstairs as a fully functional garage apt. The spacious master suite has many beautiful built-ins, 2 large closets & even more storage in the bath. The roomy kitchen has more custom cabinets, drawers & counter space than you can use & a Dutch oven that's perfect for your Holiday hosting. A custom antique white China Cabinet and a matching built-in entertainment center in the front living room. Be further impressed by the enormous 2nd living space (almost 600 sqft) with its vaulted ceiling, sky lights, & full set of cabinets & counter space. Outside enjoy the immaculate mature landscaping from a huge covered patio. Workshop is fully equip with a half bath & storage. Life doesn't get much sweeter than this character filled dream home.

12. 2013-09-19
    listed $159,000

    Show marketing remark (975 chars)

    Stroll into a charming cottage-like home with massive amounts of space & storage. This updated home with a designer paint pallet offers 3 beds and 3.5 baths with the option to use 3rd bedroom upstairs as a fully functional garage apt. The spacious master suite has many beautiful built-ins, 2 large closets & even more storage in the bath. The roomy kitchen has more custom cabinets, drawers & counter space than you can use & a Dutch oven that's perfect for your Holiday hosting. A custom antique white China Cabinet and a matching built-in entertainment center in the front living room. Be further impressed by the enormous 2nd living space (almost 600 sqft) with its vaulted ceiling, sky lights, & full set of cabinets & counter space. Outside enjoy the immaculate mature landscaping from a huge covered patio. Workshop is fully equip with a half bath & storage. Life doesn't get much sweeter than this character filled dream home.

13. 2011-10-10
    soldstatus
14. 2011-10-05
    soldstatus
15. 2011-08-11
    listed $119,000
16. 2011-05-28
    listed $127,555
17. 2010-10-11
    listed $149,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast TX · Resets to sale price

• Current annual tax: $6,402 · $533/mo
• Projected year-2 tax: $6,402 · $533/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 25 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,975
• − Mortgage interest: −$13,332
• − Property taxes: −$6,402
• − Insurance: −$1,190
• − Repairs & maintenance: −$1,998
• − Management: −$1,998
• − Depreciation: −$6,924
• Taxable loss: −$6,868
• Est. tax savings @ 24.0%: +$1,648
• After-tax cash flow: $-1,190/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Corpus Christi ISD
• NCES district ID: 4815270
• Math proficiency: 31% ▼ -18.00%
• Reading proficiency: 35% ▼ -7.00%
• Median HH income: $45,672
• Composite: 28.27/100
• National rank: #6793
• State rank: #562 of 826 in TX

Livability — Corpus Christi

• Score: 78/100
• State rank: #66
• US rank: #2404

Category grades

Amenities C Commute A+ Cost of living A+ Crime F Employment C Housing A+ Health & safety A+ User ratings D+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Corpus Christi, TX
• County: Nueces County · 296,836 people
• City population: 296,836
• Metro: Corpus Christi, TX
• Population (ZIP): 23,682
• Household income: $57,742
• Rent vs Own: 40.4% rent · 59.6% own
• Severe rent burden: 1284.0

Population outlook (Nueces County) Hauer SSP2

• Today (2025): 418,037 people
• By 2030: 447,123 · +7.0%
• By 2040: 505,911 · +21.0%
• By 2050: 567,522 · +35.8%
• By 2075: 729,686 · +74.6%
• By 2100: 847,087 · +102.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Hispanic (58%)
• Race & ethnicity: Hispanic / Latino 58% White 35% Two or more races 29% Black 3% Asian 2%
• Hispanic origin (detail): Mexican 51%
• Common ancestry: Slovak 2% Italian 1% Serbian 1%
• Foreign-born: 6% · Canada
• Languages at home: 75% English-only · Spanish 23% Tagalog/Filipino 1% Other Indo-European 1%

Political lean MEDSL · Nueces

• 2024 margin: R (+11.5) · D 43.8% · R 55.3%
• 2008→2024 swing: -7.1pp toward R · 2008: -4.4pp · 2024: -11.5pp
• All cycles: 2024: R+11.5 2020: R+2.9 2016: R+1.5 2012: R+3.2 2008: R+4.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -265.71%
• Current HPI: 191.7201
• Rent YoY: ▲ 7.91%
• Metro: Corpus Christi, TX
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

Industry mix (Fortune 500 HQ in TX)

Industry	F500 HQs	Revenue
▸Energy	16	$1,198B
▸Technology	5	$198B
▸Engineering / Construction	4	$72B
▸Energy Services	3	$60B
▸Utilities	3	$41B
▸Healthcare	2	$330B

Price history

+58.8% since first listed

20 events — show timeline

• 2026-06-10 Delisted — CBMLS
• 2026-06-03 Sold (Public Records) — Public Records
• 2026-06-02 Sold (MLS) — CBMLS
• 2026-05-14 Pending — CBMLS
• 2026-05-05 Delisted — CBMLS
• 2026-04-29 Listed $238,000 CBMLS
• 2018-07-01 Delisted — CBMLS
• 2018-03-02 Sold (Public Records) — Public Records
• 2018-01-18 Pending — CBMLS
• 2018-01-08 Contingent — CBMLS
• 2017-12-18 Price Changed $189,900 CBMLS
• 2017-12-17 Listed $165,240 CBMLS
• 2013-12-03 Sold (Public Records) — Public Records
• 2013-11-25 Sold (MLS) — CBMLS
• 2013-09-19 Listed $159,000 CBMLS
• 2011-10-10 Sold (Public Records) — Public Records
• 2011-10-05 Sold (MLS) — CBMLS
• 2011-08-11 Listed $119,000 CBMLS
• 2011-05-28 Listed $127,555 CBMLS
• 2010-10-11 Listed $149,900 CBMLS

Property tax history

+4.2%/yr

Latest (2025): $6,402 · +12.0% YoY. Source: county tax records.