717 Ohio Ave · Corpus Christi, TX 78404

$159,900

3 bd · 2.0 ba · 1,128 sqft · SingleFamily public records · 48 Days on market

Built 1946 7,802 sqft lot $142/sqft · 8% below area Est $175k · 8% under

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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 +11.3/30.0
• ARV discount +11.3/15.0
• Livability +3.9/5.0
• 1% rule +3.7/10.0
• DSCR +3.3/10.0
• 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

3 bedroom 1 bath home that needs some TLC but has tons of potential. Come make this house into your home.

Key facts

• Updated private bath
• Hvac updates
• Two closets

Tags

• OPEN LIVING SPACE
• DEDICATED DINING AREA
• UPDATED VINYL FLOORING
• TWO CLOSETS
• UPDATED PRIVATE BATH
• HVAC UPDATES

Property features AI

Finance

• HOA & community: Short-term rentals allowed

Exterior

• Parking: Front entry parking; Rear/side/off-street parking
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer; Sewer available; Water available
• Home design: Single-story home; Front entry and rear/side/off-street access
• Construction: Wood siding exterior; Shingle roof; Pillar/post/pier foundation; Built as a one-story structure
• Exterior features: Chain link fencing; No additional exterior features listed

Interior

• Kitchen: Dishwasher; Disposal
• Bedrooms: Primary bedroom on main level
• Flooring: Laminate flooring; Vinyl flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central air conditioning
• Interior features: Primary bedroom located downstairs; Smoke detector(s)
• Laundry & utility: Washer hookup; Dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $-57 ($-685/yr) — negative.
• To cash-flow at today's rent, offer at most $150k (6.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $140k (12.7% below list).
• Recommended offer: $140k (12.7% below list) — sets the bar for 1% rule.
• Cap rate 5.9% 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 (+1.9%/yr); 141 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 45% 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 $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 48 days — a 3% lower offer ($155k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 30y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $55k; list at $160k implies a 190% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1946 — 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 $139,547 (12.7% 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 48 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
3. Built in 1946 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 0.87% ✗
• Cap rate: 5.86%
• Cash-on-cash: -1.53%
• DSCR: 0.93
• GRM: 9.5

CMA / ARV

• ARV (median comp): $174,643
• List price: $159,900
• Delta: -8.44%
• 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
2822 Topeka St	0.41mi	3/1.0	1,067 (-5%)	1mo	$159,900	$150	67
1302 York Ave	0.57mi	3/2.0	1,169 (+4%)	4mo	$99,999	$86	64
330 Ohio Ave	0.52mi	2/2.0 (-1)	1,100 (-2%)	10mo	$185,000	$168	59
622 Atlantic St	0.27mi	2/1.0 (-1)	1,260 (+12%)	2mo	$110,000	$87	57
1302 Brentwood Dr	0.60mi	3/1.0	1,104 (-2%)	9mo	$145,000	$131	57
3010 Austin St	0.63mi	2/1.0 (-1)	1,140 (+1%)	8mo	$199,000	$175	54
1233 Brentwood Dr	0.51mi	3/1.0	1,229 (+9%)	6mo	$199,000	$162	52
1329 Logan Ave	0.66mi	2/2.0 (-1)	1,065 (-6%)	6mo	$174,500	$164	50
419 Atlantic St	0.47mi	2/1.0 (-1)	990 (-12%)	2mo	$214,900	$217	47
1652 16th St	0.63mi	4/2.0 (+1)	1,260 (+12%)	2mo	$170,000	$135	44
139 Edwards St	0.58mi	2/1.0 (-1)	1,016 (-10%)	8mo	$45,000	$44	40
326 Melrose St	0.62mi	2/1.0 (-1)	1,250 (+11%)	8mo	$123,000	$98	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 · 1.87% rent growth · sell at horizon

5-year hold

• IRR: -20.1%
• Equity multiple: 0.31×
• Total profit: $-31,060
• Equity at exit: $23,842

10-year hold

• IRR: -15.8%
• Equity multiple: 0.16×
• Total profit: $-37,799
• 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 78404

• Rents YoY: 1.9%
• Active inventory: 141
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $1,395 high
• Mortgage (P&I): −$839
• Tax from tax record: −$254 /mo · $3,052/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$293
• Net cashflow: $-57

Break-even live

Break-even rent $1,468

Max offer price $149,818

Occupancy floor 99%

Sensitivity live

Price	-10% $33	-5% $-12	+0% $-57	+5% $-102	+10% $-148
Rent	-10% $-167	-5% $-112	+0% $-57	+5% $-2	+10% $53
Rate	-1.0pp $23	-0.5pp $-16	base $-57	+0.5pp $-99	+1.0pp $-141

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 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
815 Ohio Ave Unit 3 Corpus Christi, TX	2.0	1.0	748	$985	$1.32	44d	1	0.07mi
443 Indiana Ave Corpus Christi, TX	2.0	1.0	968	$1,650	$1.70	44d	1	0.34mi
1201 York Ave Corpus Christi, TX	3.0	1.0	888	$1,550	$1.75	22d	1	0.45mi
2833 Lawnview St Corpus Christi, TX	2.0	1.0	850	$1,000	$1.18	14d	1	0.48mi
330 Texas Ave Corpus Christi, TX	2.0	1.0	806	$1,300	$1.61	44d	1	0.50mi
332 Rosebud Ave Corpus Christi, TX	2.0	1.0	942	$1,150	$1.22	22d	1	0.52mi
309 Rosebud Ave Unit D Corpus Christi, TX	2.0	1.0	882	$1,100	$1.25	22d	1	0.57mi
2837 Santa Fe St Unit 2 Corpus Christi, TX	2.0	1.0	1030	$1,300	$1.26	14d	1	0.59mi
1634 14th St Corpus Christi, TX	2.0	1.5	980	$1,090	$1.11	44d	1	0.64mi
1628 18th St Corpus Christi, TX	2.0	1.0	1112	$1,000	$0.90	44d	1	0.69mi
200 Clemmer St Unit A Corpus Christi, TX	3.0	1.0	950	$1,199	$1.26	44d	1	0.76mi
621 Glazebrook St Corpus Christi, TX	2.0	1.0	750	$895	$1.19	14d	1	0.80mi
225 Watson St Corpus Christi, TX	3.0	1.0	1472	$1,295	$0.88	44d	1	0.82mi
1521 7th St Corpus Christi, TX	2.0	2.0	850	$1,250	$1.47	14d	1	0.85mi
1525 S 19th St Unit B Corpus Christi, TX	3.0	2.0	1062	$2,100	$1.98	14d	1	0.86mi
3102 Santa Fe St Corpus Christi, TX	1.0–2.0	1.0–2.0	922	$1,095	$1.19	44d	1	0.86mi
1446 Annapolis Dr Corpus Christi, TX	3.0	2.0	1500	$1,700	$1.13	44d	1	0.89mi
1722 Trenton Dr Corpus Christi, TX	4.0	2.0	1432	$2,100	$1.47	14d	1	0.90mi
1433 12th St Corpus Christi, TX	2.0	1.0	768	$1,050	$1.37	44d	1	0.98mi
1318 6th St Corpus Christi, TX	2.0	1.0	900	$900	$1.00	14d	1	0.98mi
1522 Cambridge Dr Corpus Christi, TX	3.0	1.5	1278	$1,600	$1.25	44d	1	1.00mi
2333 Riggan St Corpus Christi, TX	2.0	1.0	856	$1,250	$1.46	44d	1	1.01mi
100 Buccaneer Dr Corpus Christi, TX	2.0	1.0	850	$900	$1.06	44d	1	1.03mi
1124 Morgan Ave Unit 1268437P Corpus Christi, TX	2.0	1.0	721	$2,081	$2.89	44d	1	1.03mi
1534 Lazy Ln Corpus Christi, TX	3.0	1.0	800	$1,195	$1.49	22d	1	1.10mi
3333 S Alameda St Corpus Christi, TX	3.0	2.0	1000	$1,149	$1.15	44d	1	1.10mi
1802 Morgan Ave Unit 1802 Corpus Christi, TX	2.0	1.0	850	$1,250	$1.47	22d	1	1.15mi
826 Hancock Ave Unit 2 Corpus Christi, TX	2.0	1.0	1000	$950	$0.95	22d	1	1.29mi
2522 Cleo St Corpus Christi, TX	3.0	1.0	992	$1,350	$1.36	14d	1	1.29mi
4005 Green Grove Dr Corpus Christi, TX	3.0	2.0	1406	$1,695	$1.21	44d	1	1.29mi
522 Hancock Ave Unit 1-319 Corpus Christi, TX	2.0	2.0	1133	$1,625	$1.43	22d	1	1.32mi
813 Furman Ave Apt 1 Corpus Christi, TX	3.0	2.0	1430	$1,475	$1.03	14d	1	1.33mi
3509 Topeka St Corpus Christi, TX	2.0	1.0	1114	$1,850	$1.66	44d	1	1.33mi
522 Hancock Ave Corpus Christi, TX	1.0–2.0	1.0–2.0	915	$2,000	$2.18	14d	10	1.34mi
2402 Segrest St Corpus Christi, TX	2.0	1.0	1120	$825	$0.74	22d	1	1.36mi
823 S Water St Corpus Christi, TX	2.0	2.0	1243	$2,000	$1.61	14d	1	1.40mi
802 S Carancahua St Corpus Christi, TX	2.0	1.0–2.0	869	$1,770	$2.04	14d	68	1.42mi
3562 Topeka St Corpus Christi, TX	3.0	1.0	1208	$1,695	$1.40	14d	1	1.46mi
1410 Ray Dr Corpus Christi, TX	3.0	1.0	1224	$1,600	$1.31	14d	1	1.46mi
3535 Cottonwood St Apt H2 Corpus Christi, TX	2.0	1.0	731	$870	$1.19	44d	1	1.46mi

Listing history 26 events

1. 2026-06-18
   days on market $159,900 Active 48 DOM
2. 2026-06-17
   days on market $159,900 Active 47 DOM
3. 2026-06-16
   days on market $159,900 Active 46 DOM
4. 2026-06-15
   days on market $159,900 Active 45 DOM
5. 2026-06-14
   days on market $159,900 Active 43 DOM
6. 2026-06-10
   days on market $159,900 Active 40 DOM
7. 2026-06-09
   days on market $159,900 Active 39 DOM
8. 2026-06-08
   days on market $159,900 Active 38 DOM
9. 2026-06-07
   days on market $159,900 Active 37 DOM
10. 2026-06-05
    days on market $159,900 Active 34 DOM
11. 2026-06-03
    days on market $159,900 Active 33 DOM
12. 2026-06-02
    days on market $159,900 Active 32 DOM
13. 2026-06-01
    days on market $159,900 Active 31 DOM
14. 2026-05-31
    days on market $159,900 Active 30 DOM
15. 2026-05-30
    days on market $159,900 Active 29 DOM
16. 2026-05-01
    listed $159,900 Active 516-char remark
17. 2025-10-01
    price $169,900
18. 2025-08-10
    listed $175,900 Active
19. 2014-11-19
    soldstatus

    Show marketing remark (105 chars)

    3 bedroom 1 bath home that needs some TLC but has tons of potential. Come make this house into your home.

20. 2014-10-01
    listed $40,000

    Show marketing remark (105 chars)

    3 bedroom 1 bath home that needs some TLC but has tons of potential. Come make this house into your home.

21. 2002-01-30
    soldstatus
22. 2002-01-30
    soldstatus $55,223
23. 2001-02-05
    listed $54,900
24. 1997-04-12
    listed $58,000
25. 1996-09-18
    listed $56,000
26. 1996-04-01
    listed $56,000

ⓘ 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: $3,052 · $254/mo
• Projected year-2 tax: $3,052 · $254/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) · 71% 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: $16,746
• − Mortgage interest: −$8,957
• − Property taxes: −$3,052
• − Insurance: −$800
• − Repairs & maintenance: −$1,340
• − Management: −$1,340
• − Depreciation: −$4,652
• Taxable loss: −$3,394
• Est. tax savings @ 24.0%: +$814
• After-tax cash flow: $130/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): 12,635
• Household income: $61,280
• Rent vs Own: 43.2% rent · 56.8% own
• Severe rent burden: 596.0

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 (62%)
• Race & ethnicity: Hispanic / Latino 62% White 32% Two or more races 29% Black 4%
• Hispanic origin (detail): Mexican 56%
• Common ancestry: Slovak 3% Italian 2% Lithuanian 1%
• Foreign-born: 9% · Canada
• Languages at home: 61% English-only · Spanish 39%

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: ▼ -211.10%
• Current HPI: 177.4759
• Rent YoY: ▲ 1.87%
• 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

+185.5% since first listed

11 events — show timeline

• 2026-05-01 Listed $159,900 CBMLS
• 2025-10-01 Price Changed $169,900 CBMLS
• 2025-08-10 Listed $175,900 CBMLS
• 2014-11-19 Sold (MLS) — CBMLS
• 2014-10-01 Listed $40,000 CBMLS
• 2002-01-30 Sold (Public Records) $55,223 Public Records
• 2002-01-30 Sold (MLS) — CBMLS
• 2001-02-05 Listed $54,900 CBMLS
• 1997-04-12 Listed $58,000 CBMLS
• 1996-09-18 Listed $56,000 CBMLS
• 1996-04-01 Listed $56,000 CBMLS

Property tax history

+2.4%/yr

Latest (2025): $3,052 · +19.1% YoY. Source: county tax records.