1402 Casa Linda Dr · Corpus Christi, TX 78411

$205,000

4 bd · 3.0 ba · 2,360 sqft · SingleFamily public records · 181 Days on market

Built 1956 9,200 sqft lot $87/sqft · at area comps Est $210k · at est. ↓ 17% since listing

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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 +20.3/30.0
• ARV discount +8.7/15.0
• 1% rule +6.5/10.0
• DSCR +6.5/10.0
• 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

Impeccably maintained four-sided brick classic with undeniable character and a charming retro vibe. This move-in-ready home showcases crown molding, plantation shutters, hardwood floors, and custom built-ins, all reflecting decades of exceptional care and pride of ownership. The second floor offers 405 sq ft, perfect for a bedroom or flex space with added privacy! Thoughtful updates include a 2015 roof, 2013 water heater, and 2008 interior A/C, offering both style and peace of mind. Warm, timeless, and beautifully preserved—this is a rare opportunity to own a truly special home that blends classic charm with solid updates. Seller is offering $20,000 towards updates! Inquiry TODAY about this great opportunity!

Key facts

• Spacious yard
• Custom built-ins
• Ceramic tile

Tags

• CORNER LOT
• GLEAMING HARDWOOD FLOORS
• CERAMIC TILE
• ELEGANT PLANTATION SHUTTERS
• CUSTOM BUILT-INS
• SPACIOUS YARD

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $205k.

Deal economics

• At list price, monthly cash flow is $264 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $205k).
• Recommended offer: $180k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.8% 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; 5 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 60% 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).
• At $2,352/mo this rent would consume 49% of the median local household income ($58k/yr) (locally 1284% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k 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 $57k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 181 days — a 12% lower offer ($180k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 2.5% of price; built in 1956 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; 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 $180,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 181 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1956 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. 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: 7.84%
• Cash-on-cash: 5.51%
• DSCR: 1.25
• GRM: 7.3

CMA / ARV

• ARV (median comp): $210,435
• List price: $205,000
• Delta: -2.58%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3341 Casa Rosa Dr	0.06mi	4/2.0	2,138 (-9%)	4mo	$170,000	$80	75
3214 Casa De Palmas Dr	0.24mi	4/2.5	2,464 (+4%)	8mo	$230,000	$93	73
862 Fisher's Is	0.59mi	4/3.0	2,297 (-3%)	1mo	$467,265	$203	67
3306 Norton St	0.18mi	4/1.5	2,031 (-14%)	3mo	$249,000	$123	60
3540 Pecan St	0.31mi	3/2.0 (-1)	2,200 (-7%)	8mo	$270,000	$123	58
1213 Ray Dr	0.18mi	3/3.0 (-1)	2,054 (-13%)	9mo	$129,900	$63	57
1010 Weber Pkwy	0.69mi	4/2.5	2,046 (-13%)	3mo	$319,999	$156	41
3530 Brawner Pkwy	0.44mi	5/3.0 (+1)	2,006 (-15%)	11mo	$229,000	$114	40
3930 Brawner Pkwy	0.52mi	3/2.0 (-1)	2,134 (-10%)	20mo	$105,000	$49	34
922 Herndon St	0.71mi	3/2.5 (-1)	2,216 (-6%)	22mo	$379,000	$171	31
1037 Brawner Pkwy	0.55mi	3/2.0 (-1)	2,102 (-11%)	21mo	$229,000	$109	29
1402 Brentwood Dr	0.70mi	3/2.0 (-1)	2,029 (-14%)	11mo	$174,999	$86	26

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: -1.8%
• Equity multiple: 0.93×
• Total profit: $-4,083
• Equity at exit: $30,566

10-year hold

• IRR: 13.0%
• Equity multiple: 2.29×
• Total profit: $74,052
• Equity at exit: $17,725

Cash invested: $57,400 (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: 7.3×

Monthly cashflow live

• Estimated rent: $2,352 medium
• Mortgage (P&I): −$1,075
• Tax from tax record: −$434 /mo · $5,203/yr
• Insurance: −$85
• HOA: −$0
• Vacancy / Maint / Mgmt: −$494
• Net cashflow: $264

Break-even live

Break-even rent $2,018

Max offer price $205,000

Occupancy floor 84%

Sensitivity live

Price	-10% $380	-5% $322	+0% $264	+5% $206	+10% $148
Rent	-10% $78	-5% $171	+0% $264	+5% $357	+10% $450
Rate	-1.0pp $367	-0.5pp $316	base $264	+0.5pp $211	+1.0pp $157

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: $51,250
• Closing costs: $6,150
• Reserves months: —
• Total cash needed: —

Rent comps 5 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	0.11mi
3450 S Alameda St Corpus Christi, TX	3.0	1.5	2342	$1,350	$0.58	44d	1	0.75mi
502 Brawner Pkwy Corpus Christi, TX	3.0	2.0	2293	$2,200	$0.96	45d	1	0.83mi
625 Catalina Pl Corpus Christi, TX	3.0	2.0	1750	$2,100	$1.20	14d	1	1.02mi
417 Southern St Corpus Christi, TX	4.0	2.5	2028	$2,350	$1.16	44d	1	1.50mi

Listing history 12 events

1. 2026-06-03
   days on market $205,000 Active 181 DOM
2. 2026-06-02
   pricedays on market $205,000 Active 180 DOM
3. 2026-06-01
   days on market $220,000 Active 179 DOM
4. 2026-05-31
   days on market $220,000 Active 178 DOM
5. 2026-05-30
   days on market $220,000 Active 177 DOM
6. 2026-05-18
   price $245,000 724-char remark

   Show marketing remark (724 chars)

   Impeccably maintained four-sided brick classic with undeniable character and a charming retro vibe. This move-in-ready home showcases crown molding, plantation shutters, hardwood floors, and custom built-ins, all reflecting decades of exceptional care and pride of ownership. The second floor offers 405 sq ft, perfect for a bedroom or flex space with added privacy! Thoughtful updates include a 2015 roof, 2013 water heater, and 2008 interior A/C, offering both style and peace of mind. Warm, timeless, and beautifully preserved—this is a rare opportunity to own a truly special home that blends classic charm with solid updates. Seller is offering $20,000 towards updates! Inquiry TODAY about this great opportunity!

7. 2026-05-13
   price $225,000 724-char remark

   Show marketing remark (724 chars)

   Impeccably maintained four-sided brick classic with undeniable character and a charming retro vibe. This move-in-ready home showcases crown molding, plantation shutters, hardwood floors, and custom built-ins, all reflecting decades of exceptional care and pride of ownership. The second floor offers 405 sq ft, perfect for a bedroom or flex space with added privacy! Thoughtful updates include a 2015 roof, 2013 water heater, and 2008 interior A/C, offering both style and peace of mind. Warm, timeless, and beautifully preserved—this is a rare opportunity to own a truly special home that blends classic charm with solid updates. Seller is offering $20,000 towards updates! Inquiry TODAY about this great opportunity!

8. 2026-04-26
   price $245,000 724-char remark

   Show marketing remark (724 chars)

   Impeccably maintained four-sided brick classic with undeniable character and a charming retro vibe. This move-in-ready home showcases crown molding, plantation shutters, hardwood floors, and custom built-ins, all reflecting decades of exceptional care and pride of ownership. The second floor offers 405 sq ft, perfect for a bedroom or flex space with added privacy! Thoughtful updates include a 2015 roof, 2013 water heater, and 2008 interior A/C, offering both style and peace of mind. Warm, timeless, and beautifully preserved—this is a rare opportunity to own a truly special home that blends classic charm with solid updates. Seller is offering $20,000 towards updates! Inquiry TODAY about this great opportunity!

9. 2026-02-23
   price $265,000 724-char remark

   Show marketing remark (724 chars)

   Impeccably maintained four-sided brick classic with undeniable character and a charming retro vibe. This move-in-ready home showcases crown molding, plantation shutters, hardwood floors, and custom built-ins, all reflecting decades of exceptional care and pride of ownership. The second floor offers 405 sq ft, perfect for a bedroom or flex space with added privacy! Thoughtful updates include a 2015 roof, 2013 water heater, and 2008 interior A/C, offering both style and peace of mind. Warm, timeless, and beautifully preserved—this is a rare opportunity to own a truly special home that blends classic charm with solid updates. Seller is offering $20,000 towards updates! Inquiry TODAY about this great opportunity!

10. 2026-01-26
    price $285,000 724-char remark

    Show marketing remark (724 chars)

    Impeccably maintained four-sided brick classic with undeniable character and a charming retro vibe. This move-in-ready home showcases crown molding, plantation shutters, hardwood floors, and custom built-ins, all reflecting decades of exceptional care and pride of ownership. The second floor offers 405 sq ft, perfect for a bedroom or flex space with added privacy! Thoughtful updates include a 2015 roof, 2013 water heater, and 2008 interior A/C, offering both style and peace of mind. Warm, timeless, and beautifully preserved—this is a rare opportunity to own a truly special home that blends classic charm with solid updates. Seller is offering $20,000 towards updates! Inquiry TODAY about this great opportunity!

11. 2025-12-04
    listed $295,000 Active 724-char remark

    Show marketing remark (724 chars)

    Impeccably maintained four-sided brick classic with undeniable character and a charming retro vibe. This move-in-ready home showcases crown molding, plantation shutters, hardwood floors, and custom built-ins, all reflecting decades of exceptional care and pride of ownership. The second floor offers 405 sq ft, perfect for a bedroom or flex space with added privacy! Thoughtful updates include a 2015 roof, 2013 water heater, and 2008 interior A/C, offering both style and peace of mind. Warm, timeless, and beautifully preserved—this is a rare opportunity to own a truly special home that blends classic charm with solid updates. Seller is offering $20,000 towards updates! Inquiry TODAY about this great opportunity!

12. 1996-02-14
    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: $5,203 · $434/mo
• Projected year-2 tax: $5,203 · $434/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 6/10 Major FEMA zone X (unshaded) · 74% 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: $28,219
• − Mortgage interest: −$11,483
• − Property taxes: −$5,203
• − Insurance: −$1,025
• − Repairs & maintenance: −$2,258
• − Management: −$2,258
• − Depreciation: −$5,964
• Taxable income: $30
• Est. tax owed @ 24.0%: −$7
• After-tax cash flow: $3,158/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

-16.9% since first listed

7 events — show timeline

• 2026-05-18 Price Changed $245,000 CBMLS
• 2026-05-13 Price Changed $225,000 CBMLS
• 2026-04-26 Price Changed $245,000 CBMLS
• 2026-02-23 Price Changed $265,000 CBMLS
• 2026-01-26 Price Changed $285,000 CBMLS
• 2025-12-04 Listed $295,000 CBMLS
• 1996-02-14 Sold (Public Records) — Public Records

Property tax history

+3.4%/yr

Latest (2025): $5,203 · +5.3% YoY. Source: county tax records.