None · Corpus Christi, TX 78411

$150,000

3 bd · 2.0 ba · 1,846 sqft · SingleFamily public records · 10 Days on market

Built 1956 6,599 sqft lot Est $264k · 43% under

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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 +26.7/30.0
• ARV discount +15.0/15.0
• DSCR +9.1/10.0
• 1% rule +8.3/10.0
• 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

Investment Property

Key facts

• Hard wood floors
• Pex pipes
• Breezeway

Tags

• HARD WOOD FLOORS
• BREEZEWAY
• PEX PIPES

Property features AI

Finance

• HOA & community: Short-term rentals allowed

Exterior

• Parking: 2-car garage; Concrete driveway; On-street parking
• Security: Smoke detector(s)
• Utilities: Natural gas available; Public water; Public sewer
• Home design: Single-story home; Shingle roof; Frame with vinyl and wood siding; Pillar/post/pier and slab foundation
• Construction: Built with frame, vinyl siding, and wood siding; Shingle roof; Pillar/post/pier and slab foundation; 1 story
• Exterior features: Covered patio; Patio; Brick and metal fencing; Interior lot

Interior

• Kitchen: Dishwasher; Free-standing range
• Flooring: Hardwood; Laminate; Linoleum
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (gas); Central air conditioning
• Interior features: Hardwood, laminate, and linoleum flooring; Smoke detectors
• Laundry & utility: Washer hookup; Dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $404 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Cap rate 9.5% 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; 17 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 71% 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 42% 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 $4k 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 $42k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 14y 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 2.6% of price; built in 1956 — 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 $150,000

Questions for the listing agent

1. Built in 1956 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 1.33% ✓
• Cap rate: 9.53%
• Cash-on-cash: 11.54%
• DSCR: 1.51
• GRM: 6.2

CMA / ARV

• ARV (on-the-fly): $263,978
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1553 Casa Grande Dr	0.33mi	3/2.0	1,799 (-2%)	8mo	$184,000	$102	74
3710 Pope Dr	0.60mi	3/2.0	1,808 (-2%)	1mo	$264,900	$147	68
3321 Casa Rosa Dr	0.26mi	3/2.0	1,678 (-9%)	9mo	$239,900	$143	65
4222 Herndon St	0.54mi	3/2.5	1,934 (+5%)	3mo	$239,700	$124	62
1038 Herndon St	0.50mi	3/2.0	1,769 (-4%)	9mo	$279,500	$158	62
3306 Norton St	0.28mi	4/1.5 (+1)	2,031 (+10%)	3mo	$249,000	$123	61
4021 Cott St	0.53mi	3/2.0	1,744 (-6%)	9mo	$244,900	$140	59
1213 Ray Dr	0.27mi	3/3.0	2,054 (+11%)	9mo	$129,900	$63	57
3702 Fort Worth St	0.68mi	3/3.0	1,810 (-2%)	12mo	$264,900	$146	50
613 Brawner Pkwy	0.73mi	3/2.0	1,645 (-11%)	3mo	$169,900	$103	46
1010 Weber Pkwy	0.62mi	4/2.5 (+1)	2,046 (+11%)	3mo	$319,999	$156	43
1553 Melbourne Dr	0.61mi	3/2.5	1,586 (-14%)	12mo	$247,500	$156	36

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: 6.8%
• Equity multiple: 1.28×
• Total profit: $11,913
• Equity at exit: $22,365

10-year hold

• IRR: 20.4%
• Equity multiple: 3.17×
• Total profit: $91,094
• Equity at exit: $12,969

Cash invested: $42,000 (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 78411

• Rents YoY: 7.9%
• Active inventory: 142
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $2,000 high
• Mortgage (P&I): −$787
• Tax from tax record: −$327 /mo · $3,925/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$420
• Net cashflow: $404

Break-even live

Break-even rent $1,489

Max offer price $150,000

Occupancy floor 75%

Sensitivity live

Price	-10% $489	-5% $446	+0% $404	+5% $362	+10% $319
Rent	-10% $246	-5% $325	+0% $404	+5% $483	+10% $562
Rate	-1.0pp $480	-0.5pp $442	base $404	+0.5pp $365	+1.0pp $326

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3314 Casa de Palmas Dr Corpus Christi, TX	3.0	2.0	1869	$2,300	$1.23	14d	1	0.31mi
1522 Cambridge Dr Corpus Christi, TX	3.0	1.5	1278	$1,600	$1.25	44d	1	0.76mi
4005 Green Grove Dr Corpus Christi, TX	3.0	2.0	1406	$1,695	$1.21	44d	1	0.77mi
3450 S Alameda St Corpus Christi, TX	3.0	1.5	2342	$1,350	$0.58	44d	1	0.84mi
1446 Annapolis Dr Corpus Christi, TX	3.0	2.0	1500	$1,700	$1.13	44d	1	0.85mi
502 Brawner Pkwy Corpus Christi, TX	3.0	2.0	2293	$2,200	$0.96	45d	1	0.85mi
4241 Green Grove Dr Corpus Christi, TX	3.0	2.0	1345	$1,700	$1.26	44d	1	0.86mi
1405 Annapolis Dr Corpus Christi, TX	3.0	1.5	1502	$2,000	$1.33	14d	1	0.91mi
625 Catalina Pl Corpus Christi, TX	3.0	2.0	1750	$2,100	$1.20	14d	1	0.94mi
4634 Weir Dr Corpus Christi, TX	3.0	2.0	1540	$1,800	$1.17	44d	1	1.03mi
2901 S Staples St Unit B Corpus Christi, TX	2.0	1.0	2236	$900	$0.40	44d	1	1.04mi
4845 Concord St Corpus Christi, TX	4.0	2.0	1437	$1,750	$1.22	14d	1	1.17mi
929 Dolphin Pl Corpus Christi, TX	3.0	2.0	1508	$2,095	$1.39	22d	1	1.21mi
225 Watson St Corpus Christi, TX	3.0	1.0	1472	$1,295	$0.88	44d	1	1.22mi
4717 Edith St Unit 1268436P Corpus Christi, TX	4.0	2.0	1496	$4,708	$3.15	44d	1	1.36mi
4110 Grossman Dr Unit B Corpus Christi, TX	3.0	2.0	1228	$1,500	$1.22	44d	1	1.45mi
301 Bermuda Pl Corpus Christi, TX	2.0	2.0	2111	$2,850	$1.35	44d	1	1.49mi

Listing history 8 events

1. 2026-06-18
   days on market $150,000 Active 10 DOM
2. 2026-06-17
   days on market $150,000 Active 9 DOM
3. 2026-06-16
   days on market $150,000 Active 8 DOM
4. 2026-06-15
   days on market $150,000 Active 7 DOM
5. 2026-06-14
   days on market $150,000 Active 5 DOM
6. 2026-06-10
   days on market $150,000 Active 2 DOM
7. 2026-06-09
   remarks 537-char remark
8. 2026-06-09
   listed $150,000 Active 1 DOM

ⓘ 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: $3,925 · $327/mo
• Projected year-2 tax: $3,925 · $327/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: $24,003
• − Mortgage interest: −$8,402
• − Property taxes: −$3,925
• − Insurance: −$750
• − Repairs & maintenance: −$1,920
• − Management: −$1,920
• − Depreciation: −$4,364
• Taxable income: $2,722
• Est. tax owed @ 24.0%: −$653
• After-tax cash flow: $4,195/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

+44.2% since first listed

15 events — show timeline

• 2026-06-05 Listed $150,000 CBMLS
• 2018-03-02 Sold (Public Records) — Public Records
• 2018-03-02 Delisted — CBMLS
• 2018-03-01 Sold (MLS) — CBMLS
• 2018-02-08 Pending — CBMLS
• 2018-01-28 Delisted — CBMLS
• 2018-01-18 Pending — CBMLS
• 2018-01-17 Listed $110,000 CBMLS
• 2014-06-04 Sold (Public Records) — Public Records
• 2014-05-29 Sold (MLS) — CBMLS
• 2013-10-06 Listed $113,900 CBMLS
• 2013-08-21 Sold (Public Records) — Public Records
• 2012-12-11 Listed $88,900 CBMLS
• 2012-03-09 Listed $104,000 CBMLS
• 1973-10-03 Sold (Public Records) — Public Records

Property tax history

+4.5%/yr

Latest (2025): $3,925 · +12.0% YoY. Source: county tax records.