7497 Goldstar Dr · Corpus Christi, TX 78414

$219,000

3 bd · 2.0 ba · 1,153 sqft · SingleFamily public records · 116 Days on market

Built 2010 5,001 sqft lot $190/sqft · at area comps Est $229k · at est.

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Why this score? — see what drove the D 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 +11.8/30.0
• ARV discount +9.4/15.0
• 1% rule +3.9/10.0
• Livability +3.9/5.0
• DSCR +3.5/10.0
• Rent growth +3.0/5.0
• Schools +2.8/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Cute home with split bedrooms and plenty of room in the back yard! Kitchen has gas range and nice sized dining area. Perfect for a first time buyer. Master is large and has a nice sized master bath with double sinks and walk in closet. The guest bathroom is conveniently located between the other bedrooms.

Key facts

• Quick drive to beach
• Functional layout
• Prime location

Tags

• FUNCTIONAL LAYOUT
• COMFORTABLE LIVING SPACES
• PRIME LOCATION
• QUICK DRIVE TO BEACH

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $219k.

Deal economics

• At list price, monthly cash flow is $-59 ($-705/yr) — negative.
• To cash-flow at today's rent, offer at most $209k (4.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $194k (11.4% below list).
• Recommended offer: $194k (11.4% below list) — sets the bar for 1% rule.
• Cap rate 6.0% 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.
• 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.
• Zoned schools: Barnes El (math 33% / reading 41%, grade F, #1,769 of 4,322 statewide, top 44%, 658 students, 56% FRL); Adkins Middle (math 40% / reading 39%, grade F, #660 of 1,662 statewide, top 41%, 956 students, 48% FRL); King H S (math 35% / reading 36%, grade F, #941 of 1,632 statewide, top 58%, 1,400 students, 63% FRL).
• Market conditions: Rents rising (+1.9%/yr); 623 active listings in the ZIP; 35 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 51% 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 $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 116 days — a 9% lower offer ($199k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $194,040 (11.4% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 116 days. Have you received any prior offers? Is the seller open to a 11% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.89% ✗
• Cap rate: 5.97%
• Cash-on-cash: -1.15%
• DSCR: 0.95
• GRM: 9.4

CMA / ARV

• ARV (median comp): $228,836
• List price: $219,000
• Delta: -4.30%
• 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
2321 Blue Star Dr	0.05mi	3/2.0	1,170 (+2%)	4mo	$185,000	$158	92
7473 Star Harbor Dr	0.10mi	3/2.0	1,154 (+0%)	6mo	$225,000	$195	90
7490 Star Harbor Dr	0.10mi	3/2.0	1,270 (+10%)	8mo	$245,000	$193	72
7145 Brookedge	0.48mi	3/2.0	1,193 (+4%)	2mo	$229,900	$193	70
7141 Windbrook	0.48mi	2/2.0 (-1)	1,245 (+8%)	7mo	$210,000	$169	54
3021 Manitoulin Island Dr	0.68mi	3/2.0	1,223 (+6%)	12mo	$219,900	$180	48
2217 Abeto Dr	0.35mi	3/2.0	1,290 (+12%)	19mo	$239,900	$186	48
3101 Saskatchewan Dr	0.75mi	3/2.0	1,222 (+6%)	10mo	$199,900	$164	47
3105 Whistler Dr	0.68mi	3/2.0	1,281 (+11%)	8mo	$219,900	$172	43
7834 Calgary Dr	0.66mi	3/2.0	1,275 (+11%)	13mo	$239,950	$188	41
3033 Manitoulin Island Dr	0.70mi	3/2.0	1,256 (+9%)	14mo	$239,000	$190	41
3025 Halifax Dr	0.62mi	3/2.0	1,301 (+13%)	18mo	$240,000	$184	35

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 · 1.94% rent growth · sell at horizon

5-year hold

• IRR: -19.4%
• Equity multiple: 0.33×
• Total profit: $-41,199
• Equity at exit: $32,654

10-year hold

• IRR: -14.5%
• Equity multiple: 0.21×
• Total profit: $-48,604
• Equity at exit: $18,935

Cash invested: $61,320 (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 78414

• Home prices YoY: -18.1%
• Rents YoY: 1.9%
• Active inventory: 623
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $1,940 high
• Mortgage (P&I): −$1,148
• Tax from tax record: −$352 /mo · $4,223/yr
• Insurance: −$91
• HOA: −$0
• Vacancy / Maint / Mgmt: −$407
• Net cashflow: $-59

Break-even live

Break-even rent $2,015

Max offer price $208,624

Occupancy floor 98%

Sensitivity live

Price	-10% $65	-5% $3	+0% $-59	+5% $-121	+10% $-183
Rent	-10% $-212	-5% $-135	+0% $-59	+5% $18	+10% $95
Rate	-1.0pp $52	-0.5pp $-3	base $-59	+0.5pp $-115	+1.0pp $-173

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: $54,750
• Closing costs: $6,570
• Reserves months: —
• Total cash needed: —

Rent comps 35 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7510 Wooldridge Rd Corpus Christi, TX	1.0–3.0	1.0–2.0	1148	$2,335	$2.03	45d	1	0.11mi
7430 Cessna Dr Corpus Christi, TX	3.0	2.0	1370	$2,000	$1.46	45d	1	0.43mi
2842 Quebec Dr Corpus Christi, TX	3.0	2.0	1453	$2,200	$1.51	45d	1	0.45mi
1818 Rodd Field Rd Unit B2 Corpus Christi, TX	2.0	2.0	1200	$1,850	$1.54	15d	1	0.66mi
7252 The Mansions Dr Unit H2 Corpus Christi, TX	3.0	2.0	1479	$1,850	$1.25	45d	1	0.70mi
7252 The Mansions Dr Unit G4 Corpus Christi, TX	2.0	2.0	1200	$1,450	$1.21	15d	1	0.70mi
7252 Mansions Dr Corpus Christi, TX	2.0	2.0	1200	$1,500	$1.25	45d	1	0.71mi
1901 Rodd Field Rd Unit 144 Corpus Christi, TX	2.0	1.0	813	$999	$1.23	45d	1	0.71mi
7252 Mansions Dr Unit D3 Corpus Christi, TX	2.0	2.0	1057	$1,600	$1.51	45d	1	0.73mi
8033 Cormorant Dr Corpus Christi, TX	3.0	2.0	1199	$2,100	$1.75	15d	1	0.79mi
1966 Ennis Joslin Rd Corpus Christi, TX	2.0	2.0	986	$1,767	$1.79	15d	53	0.79mi
2805 Summer Ridge Dr Corpus Christi, TX	3.0	2.0	1420	$1,800	$1.27	45d	1	0.80mi
7202 Mansions Dr Unit J3 1 Corpus Christi, TX	2.0	2.0	1057	$1,695	$1.60	45d	1	0.80mi
3009 Las Brisas St Corpus Christi, TX	3.0	2.0	1487	$2,000	$1.34	15d	1	0.80mi
2230 Spoonbill Dr Corpus Christi, TX	3.0	2.0	1364	$2,000	$1.47	45d	1	0.84mi
2706 Grace Cir Unit B Corpus Christi, TX	3.0	2.0	1369	$2,095	$1.53	23d	1	0.93mi
2333 Nautical Wind Dr Corpus Christi, TX	3.0	2.0	1273	$1,950	$1.53	45d	1	1.01mi
6617 Meadowbreeze Pkwy Corpus Christi, TX	3.0	2.0	1284	$1,800	$1.40	46d	1	1.05mi
6706 Rhonda Dr Corpus Christi, TX	2.0	1.0	1002	$1,375	$1.37	23d	1	1.07mi
6606 Riding Wind Dr Corpus Christi, TX	3.0	2.0	1325	$1,950	$1.47	45d	1	1.08mi
8206 Vetters Dr Corpus Christi, TX	2.0	1.0	780	$1,450	$1.86	15d	1	1.18mi
6629 Rhine Dr Unit A Corpus Christi, TX	3.0	2.0	1350	$1,695	$1.26	15d	1	1.19mi
6620 Hardwick Dr Corpus Christi, TX	2.0	1.0	1000	$1,250	$1.25	45d	1	1.22mi
3310 Rodd Field Rd Corpus Christi, TX	1.0–2.0	1.0–2.0	847	$1,629	$1.92	15d	35	1.24mi
2921 Airline Rd Corpus Christi, TX	1.0–2.0	1.0–2.0	982	$1,664	$1.69	45d	1	1.24mi
1641 Nile Dr Corpus Christi, TX	1.0–2.0	1.0–2.0	965	$1,255	$1.30	15d	31	1.26mi
7218 S Padre Island Dr Corpus Christi, TX	1.0–3.0	1.0–2.0	860	$1,300	$1.51	15d	22	1.27mi
1750 Merriman Ave Corpus Christi, TX	2.0	1.0	795	$799	$1.01	45d	3	1.28mi
1701 Ennis Joslin Rd Corpus Christi, TX	1.0–3.0	1.0–2.0	1035	$2,259	$2.18	15d	25	1.29mi
1802 Ennis Joslin Rd Corpus Christi, TX	1.0–3.0	1.0–2.0	1030	$1,962	$1.90	15d	36	1.34mi
2001 Woodbend Dr Corpus Christi, TX	2.0–3.0	2.0	1267	$2,204	$1.74	15d	17	1.39mi
1514 Ennis Joslin Rd Corpus Christi, TX	1.0–3.0	1.0–2.0	1164	$2,285	$1.96	15d	1	1.40mi
6813 Southhaven Dr Corpus Christi, TX	3.0	2.0	1129	$1,699	$1.50	45d	1	1.43mi
6433 Aspenwood Dr Corpus Christi, TX	3.0	2.0	1465	$1,750	$1.19	45d	1	1.45mi
6162 Misty Meadow Rd Corpus Christi, TX	1.0–2.0	1.0–2.0	729	$1,185	$1.62	23d	5	1.48mi

Listing history 6 events

1. 2019-01-07
   historical 307-char remark

   Show marketing remark (307 chars)

   Cute home with split bedrooms and plenty of room in the back yard! Kitchen has gas range and nice sized dining area. Perfect for a first time buyer. Master is large and has a nice sized master bath with double sinks and walk in closet. The guest bathroom is conveniently located between the other bedrooms.

2. 2018-12-28
   soldstatus Closed 307-char remark

   Show marketing remark (307 chars)

   Cute home with split bedrooms and plenty of room in the back yard! Kitchen has gas range and nice sized dining area. Perfect for a first time buyer. Master is large and has a nice sized master bath with double sinks and walk in closet. The guest bathroom is conveniently located between the other bedrooms.

3. 2018-12-28
   soldstatus

   Show marketing remark (307 chars)

   Cute home with split bedrooms and plenty of room in the back yard! Kitchen has gas range and nice sized dining area. Perfect for a first time buyer. Master is large and has a nice sized master bath with double sinks and walk in closet. The guest bathroom is conveniently located between the other bedrooms.

4. 2018-12-16
   status Pending 307-char remark

   Show marketing remark (307 chars)

   Cute home with split bedrooms and plenty of room in the back yard! Kitchen has gas range and nice sized dining area. Perfect for a first time buyer. Master is large and has a nice sized master bath with double sinks and walk in closet. The guest bathroom is conveniently located between the other bedrooms.

5. 2018-12-10
   historical Option Period 307-char remark

   Show marketing remark (307 chars)

   Cute home with split bedrooms and plenty of room in the back yard! Kitchen has gas range and nice sized dining area. Perfect for a first time buyer. Master is large and has a nice sized master bath with double sinks and walk in closet. The guest bathroom is conveniently located between the other bedrooms.

6. 2018-12-03
   listed $149,000 Active 307-char remark

   Show marketing remark (307 chars)

   Cute home with split bedrooms and plenty of room in the back yard! Kitchen has gas range and nice sized dining area. Perfect for a first time buyer. Master is large and has a nice sized master bath with double sinks and walk in closet. The guest bathroom is conveniently located between the other bedrooms.

ⓘ 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: $4,223 · $352/mo
• Projected year-2 tax: $4,223 · $352/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 4/10 Moderate FEMA zone X (unshaded) · 13% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 6 d/yr ≥108°F today · 24 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: $23,285
• − Mortgage interest: −$12,267
• − Property taxes: −$4,223
• − Insurance: −$1,095
• − Repairs & maintenance: −$1,863
• − Management: −$1,863
• − Depreciation: −$6,371
• Taxable loss: −$4,397
• Est. tax savings @ 24.0%: +$1,055
• After-tax cash flow: $351/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): 54,263
• Household income: $98,771
• Rent vs Own: 37.9% rent · 62.1% own
• Severe rent burden: 1167.0

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: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: Hispanic / Latino 52% White 35% Two or more races 33% Asian 6% Black 3%
• Hispanic origin (detail): Mexican 46% Puerto Rican 1%
• Common ancestry: Lithuanian 1% Slovak 1% Romanian 1%
• Foreign-born: 9% · Canada, China, South Korea
• Languages at home: 70% English-only · Spanish 24% Other Indo-European 2% Chinese 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: ▼ -40.16%
• Current HPI: 182.3229
• Rent YoY: ▲ 1.94%
• 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

6 events — show timeline

• 2019-01-07 Delisted — CBMLS
• 2018-12-28 Sold (Public Records) — Public Records
• 2018-12-28 Sold (MLS) — CBMLS
• 2018-12-16 Pending — CBMLS
• 2018-12-10 Contingent — CBMLS
• 2018-12-03 Listed $149,000 CBMLS

Property tax history

+3.0%/yr

Latest (2025): $4,223 · +0.1% YoY. Source: county tax records.