1217 Baywood Ln · Corpus Christi, TX 78418

$159,900

4 bd · 2.0 ba · 1,302 sqft · SingleFamily public records · 33 Days on market

Built 1974 6,752 sqft lot Est $224k · 29% 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 +25.3/30.0
• ARV discount +15.0/15.0
• DSCR +8.4/10.0
• 1% rule +7.2/10.0
• Schools +4.1/10.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks

This property offers 4 bedrooms/ 2 bathrooms and a big side back yard. Split arrangement. Property being sold as is!! No survey available and not inspections has been done.

Key facts

• 6,752 sq ft lot
• 2 parking spots
• Built 1974

Property features AI

Exterior

• Parking: Front-entry parking; 2 parking spaces
• Utilities: Public water; Public sewer; Sewer available; Water available
• Home design: Single-story home; Faces west; Entry at front
• Construction: Frame construction; Shingle roof; Pillar/post/pier foundation; Built with wood framing
• Exterior features: Covered deck; Deck; Wood fencing; Interior lot

Interior

• Kitchen: Electric oven; Electric range; Refrigerator
• Bedrooms: Bedrooms located on the main level
• Flooring: Carpet; Hardwood; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Split bedroom layout; Cable TV
• Laundry & utility: Washer included; Dryer hookup

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $365 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $155k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.0% 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.
• Flour Bluff ISD (urban): math 43% / reading 51% proficiency, ranked #209 of 826 in TX (top 25%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents soft (-0.6%/yr); 685 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 83% 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 $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.

Negotiation context

• It's been on market 33 days — a 3% lower offer ($155k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask is 3% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $46k; list at $160k implies a 248% 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 $155,103 (3.0% below list)

Questions for the listing agent

1. It's been on market 33 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 1974 — 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: 1.22% ✓
• Cap rate: 9.03%
• Cash-on-cash: 9.78%
• DSCR: 1.44
• GRM: 6.8

CMA / ARV

• ARV (on-the-fly): $223,944
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1508 Marine Dr	0.45mi	3/2.0 (-1)	1,294 (-1%)	10mo	$239,000	$185	64
9574 Goldfinch	0.60mi	3/2.0 (-1)	1,279 (-2%)	4mo	$219,900	$172	61
1233 Preston St	0.08mi	3/2.0 (-1)	1,134 (-13%)	12mo	$179,900	$159	60
1130 Jonnell St	0.23mi	3/2.0 (-1)	1,180 (-9%)	11mo	$180,000	$153	59
9530 Blue Jay St	0.57mi	3/2.0 (-1)	1,409 (+8%)	8mo	$229,000	$163	48
913 Knot	0.51mi	3/2.0 (-1)	1,449 (+11%)	6mo	$229,000	$158	47
9510 Blue Jay St	0.62mi	3/2.0 (-1)	1,363 (+5%)	15mo	$234,900	$172	46
714 Military Dr	0.73mi	3/2.0 (-1)	1,241 (-5%)	9mo	$239,000	$193	46
9574 Blue Jay St	0.49mi	4/2.0	1,477 (+13%)	13mo	$265,000	$179	44
918 Crossbill St	0.57mi	3/2.0 (-1)	1,476 (+13%)	4mo	$230,000	$156	43
9491 Quetzal St	0.47mi	3/2.0 (-1)	1,454 (+12%)	13mo	$135,000	$93	43
702 Military Dr	0.74mi	4/2.0	1,434 (+10%)	12mo	$259,000	$181	38

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -5.2%
• Equity multiple: 0.81×
• Total profit: $-8,327
• Equity at exit: $23,842

10-year hold

• IRR: 0.3%
• Equity multiple: 1.02×
• Total profit: $828
• Equity at exit: $13,825

Cash invested: $44,772 (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: 6.8×

Monthly cashflow live

• Estimated rent: $1,956 high
• Mortgage (P&I): −$839
• Tax from tax record: −$275 /mo · $3,305/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$411
• Net cashflow: $365

Break-even live

Break-even rent $1,494

Max offer price $159,900

Occupancy floor 76%

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: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1217 Baywood Ln Corpus Christi, TX	4.0	2.0	1302	$1,500	$1.15	44d	1	0.03mi
1401 Dewitt St Corpus Christi, TX	3.0	2.0	1168	$1,495	$1.28	43d	1	0.44mi
1942 Sunnycrest St Corpus Christi, TX	3.0	2.0	1047	$1,650	$1.58	43d	1	0.96mi
2310 Vialoux Dr Corpus Christi, TX	3.0	2.0	1240	$1,950	$1.57	43d	1	1.37mi
2301 Sky Crest Dr Corpus Christi, TX	3.0	2.0	1597	$2,200	$1.38	13d	1	1.39mi
2255 Lombardy Dr Corpus Christi, TX	3.0	2.0	1574	$1,750	$1.11	43d	1	1.44mi

Listing history 25 events

1. 2026-06-18
   days on market $159,900 Active 33 DOM
2. 2026-06-17
   days on market $159,900 Active 32 DOM
3. 2026-06-16
   days on market $159,900 Active 31 DOM
4. 2026-06-15
   days on market $159,900 Active 30 DOM
5. 2026-06-14
   days on market $159,900 Active 28 DOM
6. 2026-06-13
   days on market $159,900 Active 27 DOM
7. 2026-06-10
   days on market $159,900 Active 25 DOM
8. 2026-06-09
   days on market $159,900 Active 24 DOM
9. 2026-06-08
   days on market $159,900 Active 23 DOM
10. 2026-06-07
    days on market $159,900 Active 22 DOM
11. 2026-06-03
    days on market $159,900 Active 18 DOM
12. 2026-06-02
    days on market $159,900 Active 17 DOM
13. 2026-06-01
    days on market $159,900 Active 16 DOM
14. 2026-05-31
    days on market $159,900 Active 15 DOM
15. 2026-05-30
    days on market $159,900 Active 14 DOM
16. 2026-05-19
    price $159,900
17. 2026-05-16
    listed $154,900 Active
18. 2026-05-12
    historical $1,400
19. 2026-05-01
    listed $1,500
20. 2025-03-05
    historical $1,500
21. 2025-01-29
    listed $1,500
22. 2025-01-24
    historical $1,500
23. 2025-01-10
    listed $1,500
24. 2018-12-14
    soldstatus
25. 2001-12-10
    soldstatus $45,900

ⓘ 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: $3,305 · $275/mo
• Projected year-2 tax: $3,305 · $275/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 ≥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: $23,475
• − Mortgage interest: −$8,957
• − Property taxes: −$3,305
• − Insurance: −$800
• − Repairs & maintenance: −$1,878
• − Management: −$1,878
• − Depreciation: −$4,652
• Taxable income: $2,006
• Est. tax owed @ 24.0%: −$482
• After-tax cash flow: $3,897/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: Flour Bluff ISD
• NCES district ID: 4819380
• Math proficiency: 43% ▼ -12.00%
• Reading proficiency: 51% ▼ -2.00%
• Median HH income: $57,162
• Composite: 40.96/100
• National rank: #3604
• State rank: #209 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): 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

+248.4% since first listed

10 events — show timeline

• 2026-05-19 Price Changed $159,900 CBMLS
• 2026-05-16 Listed $154,900 CBMLS
• 2026-05-12 Rental Removed $1,400 CBMLS
• 2026-05-01 Listed for Rent $1,500 CBMLS
• 2025-03-05 Rental Removed $1,500 CBMLS
• 2025-01-29 Listed for Rent $1,500 CBMLS
• 2025-01-24 Rental Removed $1,500 CBMLS
• 2025-01-10 Listed for Rent $1,500 CBMLS
• 2018-12-14 Sold (Public Records) — Public Records
• 2001-12-10 Sold (Public Records) $45,900 Public Records

Property tax history

+8.8%/yr

Latest (2025): $3,305 · +17.8% YoY. Source: county tax records.