1330 Ray Dr · Corpus Christi, TX 78411

$155,000

5 bd · 3.0 ba · 2,591 sqft · SingleFamily public records · 120 Days on market

Built 1954 7,910 sqft lot $60/sqft · 33% below area Est $232k · 33% under

---

Why this score? — see what drove the B- 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).

• Cash flow +24.2/30.0
• ARV discount +15.0/15.0
• 1% rule +8.6/10.0
• DSCR +7.8/10.0
• Rent growth +4.5/5.0
• Livability +3.9/5.0
• Schools +2.8/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spacious Bayside Opportunity – Room to Grow & Priced to Move! Located on the desirable bayside of Corpus Christi, this 5-bedroom, 3-bathroom two-story home offers over 2,500 square feet of living space and incredible potential for the right buyer. Just minutes from Ocean Drive, Downtown, and major retail shopping centers, the location alone makes this property a smart investment. Inside, you’ll find two generous living areas downstairs — perfect for entertaining, multi-generational living, or creating separate formal and casual spaces. Upstairs features a versatile loft area positioned between split bedrooms, offering privacy and flexibility for a game room, office, or second living space. While the home could use some cosmetic updating, it provides a fantastic opportunity to build equity and customize to your taste. With its size, layout, and prime bayside location, this property is ideal for a large family needing space or an investor looking for strong upside potential. Don’t miss your chance to turn this spacious home into something truly special. Schedule your showing today!

Key facts

• Versatile loft area
• Split bedrooms
• Bayside location

Tags

• BAYSIDE LOCATION
• TWO GENEROUS LIVING AREAS
• VERSATILE LOFT AREA
• SPLIT BEDROOMS

What this means for you Summary

Snapshot

• This is a 5-bed/3.0-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $308 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $155k).
• Recommended offer: $141k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.7% 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.
• Market conditions: Rents rising fast (+7.9%/yr); 142 active listings in the ZIP; 1,397 units permitted in Nueces County in 2024 (47 in 5+ unit buildings).
• This rent runs 44% 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 $1k of loan paydown is wiped out by about $5k 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.
• At projected returns (-3.0% appreciation + 7.9% rent growth), your $43k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 120 days — a 9% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 24y ago; this cycle's ask has dropped $25k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $88k; list at $155k implies a 75% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 3.7% of price; built in 1954 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $141,050 (9.0% below list)

Questions for the listing agent

1. It's been on market 120 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1954 — 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
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: 1.36% ✓
• Cap rate: 8.68%
• Cash-on-cash: 8.53%
• DSCR: 1.38
• GRM: 6.1

CMA / ARV

• ARV (median comp): $232,227
• List price: $155,000
• Delta: -33.25%
• Verdict: UNDERPRICED
• Comps: 16 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3214 Casa De Palmas Dr	0.41mi	4/2.5 (-1)	2,464 (-5%)	8mo	$230,000	$93	59
862 Fisher's Is	0.72mi	4/3.0 (-1)	2,297 (-11%)	1mo	$467,265	$203	41

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: 3.2%
• Equity multiple: 1.13×
• Total profit: $5,661
• Equity at exit: $23,111

10-year hold

• IRR: 17.6%
• Equity multiple: 2.86×
• Total profit: $80,721
• Equity at exit: $13,402

Cash invested: $43,400 (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: 142
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $2,108 medium
• Mortgage (P&I): −$813
• Tax from tax record: −$480 /mo · $5,757/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$443
• Net cashflow: $308

Break-even live

Break-even rent $1,718

Max offer price $155,000

Occupancy floor 80%

Sensitivity live

Price	-10% $396	-5% $352	+0% $308	+5% $264	+10% $221
Rent	-10% $142	-5% $225	+0% $308	+5% $392	+10% $475
Rate	-1.0pp $386	-0.5pp $348	base $308	+0.5pp $268	+1.0pp $227

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Listing history 26 events

1. 2026-06-16
   days on market $155,000 Active 120 DOM
2. 2026-06-15
   days on market $155,000 Active 119 DOM
3. 2026-06-14
   days on market $155,000 Active 117 DOM
4. 2026-06-10
   days on market $155,000 Active 114 DOM
5. 2026-06-09
   days on market $155,000 Active 113 DOM
6. 2026-06-08
   days on market $155,000 Active 112 DOM
7. 2026-06-07
   days on market $155,000 Active 111 DOM
8. 2026-06-05
   days on market $155,000 Active 108 DOM
9. 2026-06-03
   days on market $155,000 Active 107 DOM
10. 2026-06-02
    days on market $155,000 Active 106 DOM
11. 2026-06-01
    days on market $155,000 Active 105 DOM
12. 2026-05-31
    days on market $155,000 Active 104 DOM
13. 2026-05-30
    days on market $155,000 Active 103 DOM
14. 2026-05-18
    price $155,000 1129-char remark

    Show marketing remark (1129 chars)

    Spacious Bayside Opportunity – Room to Grow & Priced to Move! Located on the desirable bayside of Corpus Christi, this 5-bedroom, 3-bathroom two-story home offers over 2,500 square feet of living space and incredible potential for the right buyer. Just minutes from Ocean Drive, Downtown, and major retail shopping centers, the location alone makes this property a smart investment. Inside, you’ll find two generous living areas downstairs — perfect for entertaining, multi-generational living, or creating separate formal and casual spaces. Upstairs features a versatile loft area positioned between split bedrooms, offering privacy and flexibility for a game room, office, or second living space. While the home could use some cosmetic updating, it provides a fantastic opportunity to build equity and customize to your taste. With its size, layout, and prime bayside location, this property is ideal for a large family needing space or an investor looking for strong upside potential. Don’t miss your chance to turn this spacious home into something truly special. Schedule your showing today!

15. 2026-05-18
    price $15,500 1129-char remark

    Show marketing remark (1129 chars)

    Spacious Bayside Opportunity – Room to Grow & Priced to Move! Located on the desirable bayside of Corpus Christi, this 5-bedroom, 3-bathroom two-story home offers over 2,500 square feet of living space and incredible potential for the right buyer. Just minutes from Ocean Drive, Downtown, and major retail shopping centers, the location alone makes this property a smart investment. Inside, you’ll find two generous living areas downstairs — perfect for entertaining, multi-generational living, or creating separate formal and casual spaces. Upstairs features a versatile loft area positioned between split bedrooms, offering privacy and flexibility for a game room, office, or second living space. While the home could use some cosmetic updating, it provides a fantastic opportunity to build equity and customize to your taste. With its size, layout, and prime bayside location, this property is ideal for a large family needing space or an investor looking for strong upside potential. Don’t miss your chance to turn this spacious home into something truly special. Schedule your showing today!

16. 2026-02-16
    listed $179,900 Active 1129-char remark

    Show marketing remark (1129 chars)

    Spacious Bayside Opportunity – Room to Grow & Priced to Move! Located on the desirable bayside of Corpus Christi, this 5-bedroom, 3-bathroom two-story home offers over 2,500 square feet of living space and incredible potential for the right buyer. Just minutes from Ocean Drive, Downtown, and major retail shopping centers, the location alone makes this property a smart investment. Inside, you’ll find two generous living areas downstairs — perfect for entertaining, multi-generational living, or creating separate formal and casual spaces. Upstairs features a versatile loft area positioned between split bedrooms, offering privacy and flexibility for a game room, office, or second living space. While the home could use some cosmetic updating, it provides a fantastic opportunity to build equity and customize to your taste. With its size, layout, and prime bayside location, this property is ideal for a large family needing space or an investor looking for strong upside potential. Don’t miss your chance to turn this spacious home into something truly special. Schedule your showing today!

17. 2012-01-06
    soldstatus 483-char remark

    Show marketing remark (483 chars)

    Large completely remodeled house on nice size lot with in walking distance of schools. House has been nicely updated with all new kitchen with open floorplan, center island, breakfast bar, and designer touches. There are 2-3 bedrooms downstairs along with 2 living areas. Upstairs has one living area and 3 bedrooms. The inside and outside of the house has been painted and there is a new roof and A/C. Over 2500 SF priced less than $50 a SF. Great deal on a large and updated house.

18. 2012-01-06
    soldstatus

    Show marketing remark (483 chars)

    Large completely remodeled house on nice size lot with in walking distance of schools. House has been nicely updated with all new kitchen with open floorplan, center island, breakfast bar, and designer touches. There are 2-3 bedrooms downstairs along with 2 living areas. Upstairs has one living area and 3 bedrooms. The inside and outside of the house has been painted and there is a new roof and A/C. Over 2500 SF priced less than $50 a SF. Great deal on a large and updated house.

19. 2011-09-07
    listed $118,500 483-char remark

    Show marketing remark (483 chars)

    Large completely remodeled house on nice size lot with in walking distance of schools. House has been nicely updated with all new kitchen with open floorplan, center island, breakfast bar, and designer touches. There are 2-3 bedrooms downstairs along with 2 living areas. Upstairs has one living area and 3 bedrooms. The inside and outside of the house has been painted and there is a new roof and A/C. Over 2500 SF priced less than $50 a SF. Great deal on a large and updated house.

20. 2011-04-21
    soldstatus
21. 2011-04-18
    soldstatus
22. 2011-01-19
    listed $34,900
23. 2003-10-02
    soldstatus
24. 2003-09-30
    soldstatus $88,400
25. 2003-02-12
    listed $90,000
26. 2002-10-01
    listed $96,700

ⓘ 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: $5,757 · $480/mo
• Projected year-2 tax: $5,757 · $480/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 · 26 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: $25,300
• − Mortgage interest: −$8,682
• − Property taxes: −$5,757
• − Insurance: −$775
• − Repairs & maintenance: −$2,024
• − Management: −$2,024
• − Depreciation: −$4,509
• Taxable income: $1,528
• Est. tax owed @ 24.0%: −$367
• After-tax cash flow: $3,334/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

+60.3% since first listed

13 events — show timeline

• 2026-05-18 Price Changed $155,000 CBMLS
• 2026-05-18 Price Changed $15,500 CBMLS
• 2026-02-16 Listed $179,900 CBMLS
• 2012-01-06 Sold (Public Records) — Public Records
• 2012-01-06 Sold (MLS) — CBMLS
• 2011-09-07 Listed $118,500 CBMLS
• 2011-04-21 Sold (Public Records) — Public Records
• 2011-04-18 Sold (MLS) — CBMLS
• 2011-01-19 Listed $34,900 CBMLS
• 2003-10-02 Sold (MLS) — CBMLS
• 2003-09-30 Sold (Public Records) $88,400 Public Records
• 2003-02-12 Listed $90,000 CBMLS
• 2002-10-01 Listed $96,700 CBMLS

Property tax history

+5.1%/yr

Latest (2025): $5,757 · +12.0% YoY. Source: county tax records.