1350 Daytona Dr · Corpus Christi, TX 78415

$115,000

2 bd · 1.0 ba · 1,009 sqft · SingleFamily public records · 59 Days on market

Built 1942 7,597 sqft lot $114/sqft · 24% below area Est $152k · 24% under

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Why this score? — see what drove the C+ 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 +21.7/30.0
• ARV discount +15.0/15.0
• DSCR +6.9/10.0
• 1% rule +6.5/10.0
• Livability +3.9/5.0
• Rent growth +3.1/5.0
• Schools +2.8/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Calling all Investors, Flippers, and Buyers wanting to take on a fixer upper and make it their own! This property is being sold AS IS

Key facts

• 7,597 sq ft lot
• Built 1942
• Listed 59 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $177 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $115k).
• Recommended offer: $112k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.1% 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 (+2.3%/yr); 417 active listings in the ZIP; 30 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $795 of loan paydown is wiped out by about $3k 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

• It's been on market 59 days — a 3% lower offer ($112k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1942 — 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 $111,550 (3.0% below list)

Questions for the listing agent

1. It's been on market 59 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1942 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 1.15% ✓
• Cap rate: 8.13%
• Cash-on-cash: 6.58%
• DSCR: 1.29
• GRM: 7.2

CMA / ARV

• ARV (median comp): $152,262
• List price: $115,000
• Delta: -24.47%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1337 Daytona Dr	0.05mi	2/1.0	976 (-3%)	7mo	$154,900	$159	86
1418 Ormond Dr	0.13mi	2/1.0	928 (-8%)	9mo	$169,900	$183	73
1018 Mcclendon St	0.33mi	2/1.0	946 (-6%)	6mo	$120,000	$127	70
1512 Ormond Dr	0.39mi	2/1.0	1,113 (+10%)	2mo	$140,000	$126	63
1058 Vaky St	0.29mi	3/1.0 (+1)	1,080 (+7%)	10mo	$169,000	$156	62
3516 Cottonwood St	0.60mi	2/1.0	976 (-3%)	13mo	$124,000	$127	56
1530 Wynwood Dr	0.49mi	3/1.0 (+1)	912 (-10%)	2mo	$145,000	$159	54
1302 Brentwood Dr	0.40mi	3/1.0 (+1)	1,104 (+9%)	9mo	$145,000	$131	53
1329 Logan Ave	0.65mi	2/2.0	1,065 (+6%)	6mo	$174,500	$164	51
730 Anderson St	0.73mi	2/2.0	1,078 (+7%)	12mo	$199,999	$186	40
1535 Daytona Dr	0.52mi	2/1.0	858 (-15%)	13mo	$127,775	$149	40
813 Rosedale Dr	0.56mi	3/2.0 (+1)	1,115 (+10%)	9mo	$180,000	$161	40

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 · 2.32% rent growth · sell at horizon

5-year hold

• IRR: -7.0%
• Equity multiple: 0.74×
• Total profit: $-8,227
• Equity at exit: $17,147

10-year hold

• IRR: 1.8%
• Equity multiple: 1.12×
• Total profit: $3,938
• Equity at exit: $9,943

Cash invested: $32,200 (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 78415

• Rents YoY: 2.3%
• Active inventory: 417
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $1,324 high
• Mortgage (P&I): −$603
• Tax from tax record: −$218 /mo · $2,618/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$278
• Net cashflow: $177

Break-even live

Break-even rent $1,100

Max offer price $115,000

Occupancy floor 82%

Sensitivity live

Price	-10% $242	-5% $209	+0% $177	+5% $144	+10% $111
Rent	-10% $72	-5% $124	+0% $177	+5% $229	+10% $281
Rate	-1.0pp $234	-0.5pp $206	base $177	+0.5pp $147	+1.0pp $116

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Rent comps 30 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1534 Lazy Ln Corpus Christi, TX	3.0	1.0	800	$1,195	$1.49	21d	1	0.45mi
621 Glazebrook St Corpus Christi, TX	2.0	1.0	750	$895	$1.19	14d	1	0.45mi
1446 Annapolis Dr Corpus Christi, TX	3.0	2.0	1500	$1,700	$1.13	44d	1	0.48mi
100 Buccaneer Dr Corpus Christi, TX	2.0	1.0	850	$900	$1.06	44d	1	0.48mi
1522 Cambridge Dr Corpus Christi, TX	3.0	1.5	1278	$1,600	$1.25	44d	1	0.49mi
3333 S Alameda St Corpus Christi, TX	3.0	2.0	1000	$1,149	$1.15	44d	1	0.63mi
1410 Ray Dr Corpus Christi, TX	3.0	1.0	1224	$1,600	$1.31	14d	1	0.63mi
3535 Cottonwood St Apt H2 Corpus Christi, TX	2.0	1.0	731	$870	$1.19	44d	1	0.64mi
4005 Green Grove Dr Corpus Christi, TX	3.0	2.0	1406	$1,695	$1.21	44d	1	0.70mi
238 Watson St Unit B Corpus Christi, TX	1.0	1.0	1411	$800	$0.57	44d	1	0.76mi
1201 York Ave Corpus Christi, TX	3.0	1.0	888	$1,550	$1.75	21d	1	0.78mi
225 Watson St Corpus Christi, TX	3.0	1.0	1472	$1,295	$0.88	44d	1	0.79mi
815 Ohio Ave Unit 3 Corpus Christi, TX	2.0	1.0	748	$985	$1.32	44d	1	0.79mi
4322 Kostoryz Rd Corpus Christi, TX	2.0	1.5	1100	$1,259	$1.14	44d	1	0.85mi
200 Clemmer St Unit A Corpus Christi, TX	3.0	1.0	950	$1,199	$1.26	44d	1	0.85mi
3509 Topeka St Corpus Christi, TX	2.0	1.0	1114	$1,850	$1.66	44d	1	0.88mi
4241 Green Grove Dr Corpus Christi, TX	3.0	2.0	1345	$1,700	$1.26	44d	1	0.92mi
443 Indiana Ave Corpus Christi, TX	2.0	1.0	968	$1,650	$1.70	44d	1	0.98mi
2833 Lawnview St Corpus Christi, TX	2.0	1.0	850	$1,000	$1.18	14d	1	0.98mi
3562 Topeka St Corpus Christi, TX	3.0	1.0	1208	$1,695	$1.40	14d	1	0.99mi
3102 Santa Fe St Corpus Christi, TX	1.0–2.0	1.0–2.0	922	$1,095	$1.19	44d	1	0.99mi
332 Rosebud Ave Corpus Christi, TX	2.0	1.0	942	$1,150	$1.22	21d	1	1.05mi
309 Rosebud Ave Unit D Corpus Christi, TX	2.0	1.0	882	$1,100	$1.25	21d	1	1.08mi
330 Texas Ave Corpus Christi, TX	2.0	1.0	806	$1,300	$1.61	44d	1	1.08mi
2837 Santa Fe St Unit 2 Corpus Christi, TX	2.0	1.0	1030	$1,300	$1.26	14d	1	1.08mi
4213 Lowman St Corpus Christi, TX	2.0	1.0	810	$1,195	$1.48	21d	1	1.13mi
4322 Fir St Corpus Christi, TX	2.0	1.0	758	$1,195	$1.58	44d	1	1.16mi
4625 Kostoryz Rd Unit 108 Corpus Christi, TX	2.0	1.0	720	$975	$1.35	44d	1	1.24mi
1628 18th St Corpus Christi, TX	2.0	1.0	1112	$1,000	$0.90	44d	1	1.44mi
1634 14th St Corpus Christi, TX	2.0	1.5	980	$1,090	$1.11	44d	1	1.46mi

Listing history 17 events

1. 2026-06-18
   days on market $115,000 Active 59 DOM
2. 2026-06-17
   days on market $115,000 Active 58 DOM
3. 2026-06-16
   days on market $115,000 Active 57 DOM
4. 2026-06-15
   days on market $115,000 Active 56 DOM
5. 2026-06-14
   days on market $115,000 Active 54 DOM
6. 2026-06-10
   days on market $115,000 Active 51 DOM
7. 2026-06-09
   days on market $115,000 Active 50 DOM
8. 2026-06-08
   days on market $115,000 Active 49 DOM
9. 2026-06-07
   days on market $115,000 Active 48 DOM
10. 2026-06-05
    days on market $115,000 Active 45 DOM
11. 2026-06-03
    days on market $115,000 Active 44 DOM
12. 2026-06-02
    days on market $115,000 Active 43 DOM
13. 2026-06-01
    days on market $115,000 Active 42 DOM
14. 2026-05-31
    days on market $115,000 Active 41 DOM
15. 2026-05-30
    days on market $115,000 Active 40 DOM
16. 2026-04-16
    listed $115,000 Active 135-char remark

    Show marketing remark (135 chars)

    Calling all Investors, Flippers, and Buyers wanting to take on a fixer upper and make it their own! This property is being sold AS IS

17. 2025-06-03
    soldstatus

ⓘ 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: $2,618 · $218/mo
• Projected year-2 tax: $2,618 · $218/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: $15,884
• − Mortgage interest: −$6,442
• − Property taxes: −$2,618
• − Insurance: −$575
• − Repairs & maintenance: −$1,271
• − Management: −$1,271
• − Depreciation: −$3,345
• Taxable income: $362
• Est. tax owed @ 24.0%: −$87
• After-tax cash flow: $2,031/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): 43,080
• Household income: $54,990
• Rent vs Own: 39.8% rent · 60.2% own
• Severe rent burden: 1730.0

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: Predominantly Hispanic (83%)
• Race & ethnicity: Hispanic / Latino 83% Two or more races 41% White 12% Black 3%
• Hispanic origin (detail): Mexican 75%
• Foreign-born: 9% · Canada
• Languages at home: 59% English-only · Spanish 40%

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: ▼ -173.20%
• Current HPI: 158.011
• Rent YoY: ▲ 2.32%
• 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

2 events — show timeline

• 2026-04-16 Listed $115,000 CBMLS
• 2025-06-03 Sold (Public Records) — Public Records

Property tax history

+6.3%/yr

Latest (2025): $2,618 · +11.1% YoY. Source: county tax records.