7314 Ottawa · Corpus Christi, TX 78414

$225,000

3 bd · 2.0 ba · 1,411 sqft · SingleFamily public records · 7 Days on market

Built 1986 6,090 sqft lot Est $260k · 13% 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 +13.5/15.0
• Cash flow +12.6/30.0
• 1% rule +4.2/10.0
• Livability +3.9/5.0
• DSCR +3.8/10.0
• Rent growth +3.0/5.0
• Schools +2.8/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

CALL FIRST APPT. W/ OWNER PG#889-8163 TERRY WRIGHT OR LISTOR JO ANDERSON 992-1630 OR 855-4041 CEILING FAN, LG BKYD, GOOD CENTS LOW UTILITIES QUIET CUL DE SAC WALKG DISTANCE ELLA BARNES ELEMENTARY-CALL FIRST OWNER OR LISTOR

Key facts

• Beautiful flooring
• Beautiful fireplace
• Cathedral ceiling

Tags

• SPACIOUS OPEN FLOOR PLAN
• BEAUTIFUL FLOORING
• NUMEROUS WINDOWS
• BEAUTIFUL FIREPLACE
• CATHEDRAL CEILING
• CHEF'S KITCHEN

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $225k.

Deal economics

• At list price, monthly cash flow is $-27 ($-324/yr) — negative.
• To cash-flow at today's rent, offer at most $220k (2.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $207k (8.0% below list).
• Recommended offer: $207k (8.0% below list) — sets the bar for 1% rule.
• Cap rate 6.1% 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.
• Market conditions: Rents rising (+1.9%/yr); 621 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 55% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 1,397 units permitted in Nueces County in 2024 (47 in 5+ unit buildings).

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 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 30y 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.
• Current owner paid $80k; list at $225k implies a 181% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $206,986 (8.0% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 0.92% ✗
• Cap rate: 6.15%
• Cash-on-cash: -0.51%
• DSCR: 0.98
• GRM: 9.1

CMA / ARV

• ARV (on-the-fly): $259,624
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2814 Quebec Dr	0.19mi	3/2.0	1,366 (-3%)	3mo	$199,000	$146	84
2818 Lake Rhapsody Dr	0.21mi	3/2.0	1,381 (-2%)	6mo	$271,000	$196	82
2709 Parkgreen Dr	0.16mi	3/2.0	1,327 (-6%)	2mo	$246,000	$185	81
7205 Lake Placid Dr	0.23mi	3/2.0	1,498 (+6%)	2mo	$275,000	$184	77
2721 Thunder Bay Ct	0.22mi	3/2.5	1,566 (+11%)	1mo	$269,900	$172	69
7425 Diamond Dr	0.44mi	3/2.0	1,539 (+9%)	1mo	$310,000	$201	63
7658 Granite Dr	0.64mi	3/2.0	1,482 (+5%)	3mo	$290,000	$196	59
7502 Brush Creek Dr	0.60mi	3/2.0	1,496 (+6%)	3mo	$249,999	$167	59
2210 Diamond Dr	0.53mi	3/2.0	1,523 (+8%)	5mo	$309,900	$203	58
2625 Las Brisas St	0.71mi	3/2.0	1,528 (+8%)	2mo	$258,000	$169	51
3201 Keltic Dr	0.63mi	3/2.0	1,243 (-12%)	3mo	$228,000	$183	48
3150 Quail Springs Rd	0.69mi	3/2.0	1,587 (+12%)	6mo	$183,000	$115	42

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 · 1.94% rent growth · sell at horizon

5-year hold

• IRR: -18.4%
• Equity multiple: 0.36×
• Total profit: $-40,268
• Equity at exit: $33,548

10-year hold

• IRR: -13.0%
• Equity multiple: 0.28×
• Total profit: $-45,660
• Equity at exit: $19,454

Cash invested: $63,000 (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 78414

• Home prices YoY: -18.1%
• Rents YoY: 1.9%
• Active inventory: 621
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $2,070 high
• Mortgage (P&I): −$1,180
• Tax from tax record: −$389 /mo · $4,662/yr
• Insurance: −$94
• HOA: −$0
• Vacancy / Maint / Mgmt: −$435
• Net cashflow: $-27

Break-even live

Break-even rent $2,104

Max offer price $220,228

Occupancy floor 96%

Sensitivity live

Price	-10% $100	-5% $37	+0% $-27	+5% $-91	+10% $-154
Rent	-10% $-191	-5% $-109	+0% $-27	+5% $55	+10% $137
Rate	-1.0pp $86	-0.5pp $30	base $-27	+0.5pp $-85	+1.0pp $-145

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: $56,250
• Closing costs: $6,750
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2809 Quebec Dr Corpus Christi, TX	3.0	2.0	1576	$1,995	$1.27	14d	1	0.18mi
2621 Bruin Corpus Christi, TX	3.0	2.0	1802	$2,350	$1.30	44d	1	0.19mi
7510 Wooldridge Rd Corpus Christi, TX	1.0–3.0	1.0–2.0	1148	$2,335	$2.03	44d	1	0.23mi
2842 Quebec Dr Corpus Christi, TX	3.0	2.0	1453	$2,200	$1.51	44d	1	0.24mi
7214 Lake Melody Dr Corpus Christi, TX	3.0	2.5	1636	$2,350	$1.44	44d	1	0.26mi
7237 Lake Tranquility Dr Corpus Christi, TX	4.0	2.0	1593	$2,100	$1.32	44d	1	0.34mi
2813 Lake Tranquility Cir Corpus Christi, TX	3.0	2.0	1595	$2,350	$1.47	44d	1	0.35mi
7252 The Mansions Dr Unit G4 Corpus Christi, TX	2.0	2.0	1200	$1,450	$1.21	14d	1	0.37mi
7252 The Mansions Dr Unit H2 Corpus Christi, TX	3.0	2.0	1479	$1,850	$1.25	44d	1	0.37mi
7252 Mansions Dr Corpus Christi, TX	2.0	2.0	1200	$1,500	$1.25	44d	1	0.39mi
7252 Mansions Dr Unit D3 Corpus Christi, TX	2.0	2.0	1057	$1,600	$1.51	44d	1	0.41mi
7033 Premont Dr Corpus Christi, TX	3.0	3.0	1856	$2,150	$1.16	14d	1	0.46mi
2221 Crystal Bay Dr Corpus Christi, TX	4.0	2.0	1705	$2,200	$1.29	14d	1	0.49mi
7202 Mansions Dr Unit J3 1 Corpus Christi, TX	2.0	2.0	1057	$1,695	$1.60	44d	1	0.50mi
7610 Quartz Dr Corpus Christi, TX	3.0	2.0	1538	$2,195	$1.43	44d	1	0.57mi
2805 Summer Ridge Dr Corpus Christi, TX	3.0	2.0	1420	$1,800	$1.27	44d	1	0.60mi
7454 Seal Beach Ct Corpus Christi, TX	3.0	2.0	1571	$2,250	$1.43	22d	1	0.62mi
7454 Seal Beach Ct Corpus Christi, TX	3.0	2.0	1571	$2,250	$1.43	14d	1	0.62mi
2529 Las Brisas St Corpus Christi, TX	4.0	2.0	1572	$2,250	$1.43	22d	1	0.69mi
3009 Las Brisas St Corpus Christi, TX	3.0	2.0	1487	$2,000	$1.34	14d	1	0.70mi
2617 Whirlwind St Corpus Christi, TX	3.0	2.0	1596	$2,050	$1.28	14d	1	0.74mi
7430 Cessna Dr Corpus Christi, TX	3.0	2.0	1370	$2,000	$1.46	44d	1	0.74mi
2530 Windrose Dr Corpus Christi, TX	4.0	2.0	1745	$2,350	$1.35	44d	1	0.76mi
2706 Grace Cir Unit B Corpus Christi, TX	3.0	2.0	1369	$2,095	$1.53	22d	1	0.81mi
3310 Rodd Field Rd Corpus Christi, TX	1.0–2.0	1.0–2.0	847	$1,629	$1.92	14d	35	0.91mi
7021 San Benito Dr Corpus Christi, TX	3.0	2.0	1829	$2,145	$1.17	14d	1	0.94mi
8033 Cormorant Dr Corpus Christi, TX	3.0	2.0	1199	$2,100	$1.75	14d	1	0.94mi
1818 Rodd Field Rd Unit B2 Corpus Christi, TX	2.0	2.0	1200	$1,850	$1.54	14d	1	0.98mi
2230 Spoonbill Dr Corpus Christi, TX	3.0	2.0	1364	$2,000	$1.47	44d	1	0.99mi
2337 Nautical Wind Dr Corpus Christi, TX	3.0	2.0	1555	$2,100	$1.35	22d	1	1.03mi
2333 Nautical Wind Dr Corpus Christi, TX	3.0	2.0	1273	$1,950	$1.53	44d	1	1.03mi
2921 Airline Rd Corpus Christi, TX	1.0–2.0	1.0–2.0	982	$1,664	$1.69	44d	1	1.05mi
2509 Wool Dr Corpus Christi, TX	3.0	2.0	1785	$2,600	$1.46	14d	1	1.08mi
1966 Ennis Joslin Rd Corpus Christi, TX	2.0	2.0	986	$1,767	$1.79	14d	53	1.09mi
6617 Meadowbreeze Pkwy Corpus Christi, TX	3.0	2.0	1284	$1,800	$1.40	45d	1	1.11mi
6606 Riding Wind Dr Corpus Christi, TX	3.0	2.0	1325	$1,950	$1.47	44d	1	1.12mi
6845 Rhine Dr Corpus Christi, TX	3.0	1.5	1518	$1,695	$1.12	44d	1	1.19mi
3617 Garnet Ct Corpus Christi, TX	4.0	2.0	1758	$2,125	$1.21	44d	1	1.19mi
6706 Rhonda Dr Corpus Christi, TX	2.0	1.0	1002	$1,375	$1.37	22d	1	1.24mi
6822 Wall St Corpus Christi, TX	4.0	2.0	1846	$1,995	$1.08	44d	1	1.27mi

Listing history 14 events

1. 2026-05-02
   status Pending
2. 2026-05-01
   historical
3. 2026-04-30
   status Pending
4. 2026-04-21
   historical
5. 2026-04-13
   listed $225,000 Active
6. 2026-04-11
   historical $1,995
7. 2026-04-03
   listed $1,995
8. 2026-04-03
   historical $1,995
9. 2026-04-02
   listed $1,995
10. 2021-11-12
    soldstatus
11. 1998-06-15
    soldstatus 222-char remark

    Show marketing remark (222 chars)

    CALL FIRST APPT. W/ OWNER PG#889-8163 TERRY WRIGHT OR LISTOR JO ANDERSON 992-1630 OR 855-4041 CEILING FAN, LG BKYD, GOOD CENTS LOW UTILITIES QUIET CUL DE SAC WALKG DISTANCE ELLA BARNES ELEMENTARY-CALL FIRST OWNER OR LISTOR

12. 1998-06-15
    soldstatus $80,000

    Show marketing remark (222 chars)

    CALL FIRST APPT. W/ OWNER PG#889-8163 TERRY WRIGHT OR LISTOR JO ANDERSON 992-1630 OR 855-4041 CEILING FAN, LG BKYD, GOOD CENTS LOW UTILITIES QUIET CUL DE SAC WALKG DISTANCE ELLA BARNES ELEMENTARY-CALL FIRST OWNER OR LISTOR

13. 1998-02-01
    listed $82,500 222-char remark

    Show marketing remark (222 chars)

    CALL FIRST APPT. W/ OWNER PG#889-8163 TERRY WRIGHT OR LISTOR JO ANDERSON 992-1630 OR 855-4041 CEILING FAN, LG BKYD, GOOD CENTS LOW UTILITIES QUIET CUL DE SAC WALKG DISTANCE ELLA BARNES ELEMENTARY-CALL FIRST OWNER OR LISTOR

14. 1996-11-12
    listed $82,500

ⓘ 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: $4,662 · $389/mo
• Projected year-2 tax: $4,662 · $389/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 3/10 Moderate FEMA zone X (unshaded) · 12% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 27 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: $24,838
• − Mortgage interest: −$12,603
• − Property taxes: −$4,662
• − Insurance: −$1,125
• − Repairs & maintenance: −$1,987
• − Management: −$1,987
• − Depreciation: −$6,545
• Taxable loss: −$4,072
• Est. tax savings @ 24.0%: +$977
• After-tax cash flow: $653/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): 54,263
• Household income: $98,771
• Rent vs Own: 37.9% rent · 62.1% own
• Severe rent burden: 1167.0

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: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: Hispanic / Latino 52% White 35% Two or more races 33% Asian 6% Black 3%
• Hispanic origin (detail): Mexican 46% Puerto Rican 1%
• Common ancestry: Lithuanian 1% Slovak 1% Romanian 1%
• Foreign-born: 9% · Canada, China, South Korea
• Languages at home: 70% English-only · Spanish 24% Other Indo-European 2% Chinese 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: ▼ -40.16%
• Current HPI: 182.3229
• Rent YoY: ▲ 1.94%
• 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

+172.7% since first listed

14 events — show timeline

• 2026-05-02 Pending — CBMLS
• 2026-05-01 Delisted — CBMLS
• 2026-04-30 Pending — CBMLS
• 2026-04-21 Delisted — CBMLS
• 2026-04-13 Listed $225,000 CBMLS
• 2026-04-11 Rental Removed $1,995 CBMLS
• 2026-04-03 Listed for Rent $1,995 CBMLS
• 2026-04-03 Rental Removed $1,995 APPFOLIO
• 2026-04-02 Listed for Rent $1,995 APPFOLIO
• 2021-11-12 Sold (Public Records) — Public Records
• 1998-06-15 Sold (Public Records) $80,000 Public Records
• 1998-06-15 Sold (MLS) — CBMLS
• 1998-02-01 Listed $82,500 CBMLS
• 1996-11-12 Listed $82,500 CBMLS

Property tax history

+3.5%/yr

Latest (2025): $4,662 · -2.0% YoY. Source: county tax records.