14300 S Padre Island Dr #199 · Corpus Christi, TX 78418

$218,000

3 bd · 2.0 ba · 1,080 sqft · Condo · 122 Days on market

Built 1974 Poor condition $202/sqft · 23% below area Est $283k · 23% under $73/mo HOA · 3% of rent

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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 +24.4/30.0
• ARV discount +15.0/15.0
• DSCR +7.9/10.0
• 1% rule +6.8/10.0
• Schools +5.0/10.0
• Livability +3.9/5.0
• Rent growth +2.4/5.0
• Condition / age +1.0/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

3/2 Condo with two assigned parking spaces, fully furnished and ready to move in, Seller is selling or leasing also possible owner financing

Key facts

• $73 HOA
• 2 garage spots
• Community pool

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath condo listed at $218k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $444 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $218k).
• Recommended offer: $192k (12.0% 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.
• Market conditions: Rents soft (-0.6%/yr); 685 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 56% 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).
• This rent runs 33% of the median local income ($92k/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

• It's been on market 122 days — a 12% lower offer ($192k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 28y ago; this cycle's ask is 12357% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Recommended offer $191,840 (12.0% below list)

Questions for the listing agent

1. It's been on market 122 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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?
9. 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.
10. 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.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.18% ✓
• Cap rate: 8.74%
• Cash-on-cash: 8.74%
• DSCR: 1.39
• GRM: 7.1

CMA / ARV

• ARV (median comp): $283,345
• List price: $218,000
• Delta: -23.06%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -6.6%
• Equity multiple: 0.76×
• Total profit: $-14,445
• Equity at exit: $32,505

10-year hold

• IRR: -1.3%
• Equity multiple: 0.92×
• Total profit: $-4,809
• Equity at exit: $18,849

Cash invested: $61,040 (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 78418

• Rents YoY: -0.6%
• Active inventory: 685
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $2,562 high
• Mortgage (P&I): −$1,143
• Tax est. 1.5%: −$272 /mo · $3,270/yr
• Insurance: −$91
• HOA: −$73
• Vacancy / Maint / Mgmt: −$538
• Net cashflow: $444

Break-even live

Break-even rent $1,999

Max offer price $218,000

Occupancy floor 78%

Sensitivity live

Price	-10% $595	-5% $520	+0% $444	+5% $369	+10% $294
Rent	-10% $242	-5% $343	+0% $444	+5% $546	+10% $647
Rate	-1.0pp $554	-0.5pp $500	base $444	+0.5pp $388	+1.0pp $330

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: $54,500
• Closing costs: $6,540
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
14142 E Cabana St Corpus Christi, TX	2.0	3.0	1410	$2,500	$1.77	44d	1	0.12mi
14130 N Cabana St Unit 5b Corpus Christi, TX	2.0	1.5	984	$2,200	$2.24	14d	1	0.14mi
14434 E Cabana St #317 Corpus Christi, TX	2.0	2.0	1006	$2,500	$2.49	45d	1	0.25mi
13733 A La Entrada St Corpus Christi, TX	3.0	2.5	1458	$6,000	$4.12	44d	1	0.66mi
15102 Dory Dr Corpus Christi, TX	3.0	2.0	1415	$2,500	$1.77	22d	1	1.14mi
15005 Windward Dr #121 Corpus Christi, TX	2.0	1.0	955	$1,800	$1.88	44d	1	1.39mi
15101 Kokomo Dr Unit 101 Corpus Christi, TX	3.0	3.0	1424	$3,500	$2.46	44d	1	1.40mi
14157 Whitecap Blvd Corpus Christi, TX	3.0	2.0	1486	$3,500	$2.36	14d	1	1.47mi
15002 Windward Dr #706 Corpus Christi, TX	2.0	2.0	1127	$2,450	$2.17	14d	1	1.49mi

HOA detail condo

• Monthly dues: $73 · $876/yr
• Likely covers: parking
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 28 events

1. 2026-06-18
   days on market $218,000 Active 122 DOM
2. 2026-06-17
   days on market $218,000 Active 121 DOM
3. 2026-06-16
   days on market $218,000 Active 120 DOM
4. 2026-06-15
   days on market $218,000 Active 119 DOM
5. 2026-06-14
   days on market $218,000 Active 117 DOM
6. 2026-06-13
   days on market $218,000 Active 116 DOM
7. 2026-06-10
   days on market $218,000 Active 114 DOM
8. 2026-06-09
   days on market $218,000 Active 113 DOM
9. 2026-06-08
   days on market $218,000 Active 112 DOM
10. 2026-06-07
    days on market $218,000 Active 111 DOM
11. 2026-06-03
    days on market $218,000 Active 107 DOM
12. 2026-06-02
    days on market $218,000 Active 106 DOM
13. 2026-06-01
    days on market $218,000 Active 105 DOM
14. 2026-05-31
    days on market $218,000 Active 104 DOM
15. 2026-05-30
    days on market $218,000 Active 103 DOM
16. 2026-05-18
    price $218,000 140-char remark

    Show marketing remark (140 chars)

    3/2 Condo with two assigned parking spaces, fully furnished and ready to move in, Seller is selling or leasing also possible owner financing

17. 2026-04-01
    historical $1,750
18. 2026-02-21
    listed $1,750
19. 2026-02-16
    listed $225,000 Active 140-char remark

    Show marketing remark (140 chars)

    3/2 Condo with two assigned parking spaces, fully furnished and ready to move in, Seller is selling or leasing also possible owner financing

20. 2013-02-12
    soldstatus 361-char remark

    Show marketing remark (361 chars)

    Great investment with Schlitterbahn on its way. 3/2/ Condo w/ amenities including indoor and outdoor pools, hot tub, fitness center, community room and boat dock. Comes with Washer and Dryer inside unit. Enjoy your sunsets from your enclosed patio or sit in the enclosed courtyard. HOA covers all insurance, maintenance, water, cable, and electricity. Needs TLC

21. 2012-12-30
    listed $59,900 361-char remark

    Show marketing remark (361 chars)

    Great investment with Schlitterbahn on its way. 3/2/ Condo w/ amenities including indoor and outdoor pools, hot tub, fitness center, community room and boat dock. Comes with Washer and Dryer inside unit. Enjoy your sunsets from your enclosed patio or sit in the enclosed courtyard. HOA covers all insurance, maintenance, water, cable, and electricity. Needs TLC

22. 2011-12-02
    soldstatus
23. 2011-07-10
    listed $64,900
24. 2006-02-01
    listed $89,900
25. 2005-08-11
    listed $92,000
26. 2002-10-23
    soldstatus
27. 2002-05-02
    listed $56,000
28. 1998-04-29
    listed $42,900

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

Taxation est. · year 1

• Rental income: $30,744
• − Mortgage interest: −$12,211
• − Property taxes: −$3,270
• − Insurance: −$1,090
• − Repairs & maintenance: −$2,459
• − Management: −$2,459
• − HOA: −$876
• − Depreciation: −$6,342
• Taxable income: $2,035
• Est. tax owed @ 24.0%: −$489
• After-tax cash flow: $4,844/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.

Condition & rehab AI · 6 photos

Poor 20/100 Extensive rehab

This property requires extensive repairs and maintenance to bring it up to a livable condition. Significant work is needed on the exterior, interior, and landscaping to improve its value.

Repairs flagged

• Major exterior siding — Severe weathering
• Major exterior paint — Peeling paint
• Major interior walls — Visible wear
• Major flooring — Worn carpet
• Major landscaping — Overgrown vegetation

Value-add opportunities

• Resale Paint exterior — Enhances curb appeal
• Rental Replace carpet — Improves comfort
• Both Trim vegetation — Enhances curb appeal and maintains property value

Renovation cost estimate screening

Repair item	Severity	Est. cost
exterior siding · Severe weathering	Major	$15,000–50,000
exterior paint · Peeling paint	Major	$15,000–50,000
interior walls · Visible wear	Major	$15,000–50,000
flooring · Worn carpet	Major	$15,000–50,000
landscaping · Overgrown vegetation	Major	$15,000–50,000
Total estimated repair cost · 5 items		$75,000–250,000

Value-add ROI direction

• Resale Paint exterior — Enhances curb appeal ↑
• Rental Replace carpet — Improves comfort ↑
• Both Trim vegetation — Enhances curb appeal and maintains property value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

No district data.

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): 29,790
• Household income: $92,445
• Rent vs Own: 31.8% rent · 68.2% own
• Severe rent burden: 808.0

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 White (61%)
• Race & ethnicity: White 61% Hispanic / Latino 29% Two or more races 19% Asian 3% Black 3%
• Hispanic origin (detail): Mexican 25%
• Common ancestry: Romanian 2% Lithuanian 2% Slovak 2%
• Foreign-born: 7% · Canada, China
• Languages at home: 83% English-only · Spanish 14% Tagalog/Filipino 2%

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: ▼ -168.81%
• Current HPI: 193.902
• Rent YoY: ▼ -0.57%
• 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

+408.2% since first listed

13 events — show timeline

• 2026-05-18 Price Changed $218,000 CBMLS
• 2026-04-01 Rental Removed $1,750 CBMLS
• 2026-02-21 Listed for Rent $1,750 CBMLS
• 2026-02-16 Listed $225,000 CBMLS
• 2013-02-12 Sold (MLS) — CBMLS
• 2012-12-30 Listed $59,900 CBMLS
• 2011-12-02 Sold (MLS) — CBMLS
• 2011-07-10 Listed $64,900 CBMLS
• 2006-02-01 Listed $89,900 CBMLS
• 2005-08-11 Listed $92,000 CBMLS
• 2002-10-23 Sold (MLS) — CBMLS
• 2002-05-02 Listed $56,000 CBMLS
• 1998-04-29 Listed $42,900 CBMLS