1210 Lolita St · Corpus Christi, TX 78416

$59,000

3 bd · 2.0 ba · 917 sqft · SingleFamily public records · 73 Days on market

Built 1960 8,311 sqft lot $64/sqft · 46% below area Est $109k · 46% under ↓ 14% since listing

---

Why this score? — see what drove the A- 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +7.2/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0

Listing remarks MLS

Special for the investor you are or the one you know!! Conveniently located close to major Highways 286 and 358 for travel ease. Two parks within . 5 mile. Interior lot over 8000 sf. Potential galore! This property is under 1000sf, a nice size to get in, spruce up, and relax! Home needs work and at a little over 900sf, maybe it's not so much! Huge carport has breeze appeal for summer nights enjoyed outdoors or converted for the hobby that makes home a happier place to arrive to! Ready to make it your own.

Key facts

• Two parks
• Huge carport
• Interior lot

Tags

• CONVENIENTLY LOCATED
• TWO PARKS
• INTERIOR LOT
• HUGE CARPORT

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $59k.

Deal economics

• At list price, monthly cash flow is $197 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $59k).
• Recommended offer: $55k (6.0% below list) — sets the bar for market timing.
• Cap rate 19.0% 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.
• West Oso ISD (urban): math 20% / reading 32% proficiency, ranked #712 of 826 in TX (top 86%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 44 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); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 1,397 units permitted in Nueces County in 2024 (47 in 5+ unit buildings).
• This rent runs 39% of the median local income ($43k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $3k of equity ($408 loan paydown + $3k appreciation (4.4% local appreciation)).
• Nueces County population projected at +36% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (4.4% appreciation + 3.0% rent growth), your $17k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 73 days — a 6% lower offer ($55k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 2.8% of price; flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $55,460 (6.0% below list)

Questions for the listing agent

1. It's been on market 73 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1960 — 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. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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.
9. 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.
10. 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: 2.35% ✓
• Cap rate: 18.98%
• Cash-on-cash: 45.32%
• DSCR: 3.02
• GRM: 3.5

CMA / ARV

• ARV (median comp): $109,026
• List price: $59,000
• Delta: -45.88%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4618 Ramona Dr	0.66mi	3/1.0	936 (+2%)	2mo	$119,900	$128	60
4313 Molina Dr	0.67mi	2/1.0 (-1)	904 (-1%)	4mo	$100,000	$111	54
1038 Golden Gate	0.71mi	2/2.0 (-1)	948 (+3%)	3mo	$127,000	$134	54
1713 Karen	0.64mi	3/1.0	880 (-4%)	10mo	$99,000	$113	51
1630 Hudson St	0.54mi	3/2.0	1,040 (+13%)	1mo	$172,999	$166	51
4346 Barrera Dr	0.59mi	2/1.0 (-1)	1,020 (+11%)	2mo	$55,000	$54	43
2914 Kitchens St	0.73mi	3/1.0	864 (-6%)	21mo	$138,500	$160	35
4549 Elvira Dr	0.68mi	2/1.0 (-1)	969 (+6%)	18mo	$116,975	$121	35
1717 Karen Dr	0.65mi	3/1.0	1,002 (+9%)	20mo	$119,000	$119	34
2902 Kitchens St	0.74mi	2/2.0 (-1)	840 (-8%)	22mo	$130,000	$155	28
4634 Elvira Dr	0.74mi	3/2.0	1,052 (+15%)	17mo	$189,900	$181	26

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

4.38% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 24.2%
• Equity multiple: 2.48×
• Total profit: $24,424
• Equity at exit: $31,230

10-year hold

• IRR: 24.1%
• Equity multiple: 4.91×
• Total profit: $64,644
• Equity at exit: $52,160

Cash invested: $16,520 (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 78416

• Home prices YoY: 3.2%
• Active inventory: 44
• Price-to-rent: 3.5×

Monthly cashflow live

• Estimated rent: $1,388 high
• Mortgage (P&I): −$309
• Tax from tax record: −$139 /mo · $1,664/yr
• Insurance: −$25
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$292
• Net cashflow: $197

Break-even live

Break-even rent $1,138

Max offer price $59,000

Occupancy floor 81%

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: $14,750
• Closing costs: $1,770
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4313 Molina Dr Corpus Christi, TX	2.0	1.0	904	$1,250	$1.38	43d	1	0.65mi
1458 W Point Rd Corpus Christi, TX	2.0–3.0	1.0	777	$980	$1.26	13d	2	0.66mi
3150 Elgin St Corpus Christi, TX	2.0	1.0	616	$925	$1.50	43d	1	0.91mi
2106 Harvard St Corpus Christi, TX	3.0	1.0	912	$1,225	$1.34	43d	1	1.13mi
2122 Harvard St Corpus Christi, TX	2.0	1.0	858	$1,250	$1.46	13d	1	1.17mi
4326 Vestal St Corpus Christi, TX	3.0	1.0	984	$1,125	$1.14	13d	1	1.24mi

Listing history 16 events

1. 2026-06-18
   days on market $59,000 Active 73 DOM
2. 2026-06-17
   days on market $59,000 Active 72 DOM
3. 2026-06-16
   days on market $59,000 Active 71 DOM
4. 2026-06-15
   days on market $59,000 Active 70 DOM
5. 2026-06-14
   days on market $59,000 Active 68 DOM
6. 2026-06-10
   days on market $59,000 Active 65 DOM
7. 2026-06-09
   days on market $59,000 Active 64 DOM
8. 2026-06-08
   days on market $59,000 Active 63 DOM
9. 2026-06-07
   days on market $59,000 Active 62 DOM
10. 2026-06-03
    days on market $59,000 Active 58 DOM
11. 2026-06-02
    days on market $59,000 Active 57 DOM
12. 2026-06-01
    days on market $59,000 Active 56 DOM
13. 2026-05-31
    days on market $59,000 Active 55 DOM
14. 2026-05-30
    days on market $59,000 Active 54 DOM
15. 2026-04-24
    price $59,000 510-char remark

    Show marketing remark (510 chars)

    Special for the investor you are or the one you know!! Conveniently located close to major Highways 286 and 358 for travel ease. Two parks within . 5 mile. Interior lot over 8000 sf. Potential galore! This property is under 1000sf, a nice size to get in, spruce up, and relax! Home needs work and at a little over 900sf, maybe it's not so much! Huge carport has breeze appeal for summer nights enjoyed outdoors or converted for the hobby that makes home a happier place to arrive to! Ready to make it your own.

16. 2026-03-11
    listed $69,000 Active 510-char remark

    Show marketing remark (510 chars)

    Special for the investor you are or the one you know!! Conveniently located close to major Highways 286 and 358 for travel ease. Two parks within . 5 mile. Interior lot over 8000 sf. Potential galore! This property is under 1000sf, a nice size to get in, spruce up, and relax! Home needs work and at a little over 900sf, maybe it's not so much! Huge carport has breeze appeal for summer nights enjoyed outdoors or converted for the hobby that makes home a happier place to arrive to! Ready to make it your own.

ⓘ 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: $1,664 · $139/mo
• Projected year-2 tax: $1,664 · $139/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 AE · 24% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°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: $16,657
• − Mortgage interest: −$3,305
• − Property taxes: −$1,664
• − Insurance: −$5,414
• − Repairs & maintenance: −$1,333
• − Management: −$1,333
• − Depreciation: −$1,716
• Taxable income: $1,894
• Est. tax owed @ 24.0%: −$454
• After-tax cash flow: $1,915/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: West Oso ISD
• NCES district ID: 4845120
• Math proficiency: 20% ▼ -23.00%
• Reading proficiency: 32% ▼ -5.00%
• Median HH income: $36,193
• Composite: 21.52/100
• National rank: #8320
• State rank: #712 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): 12,480
• Household income: $43,198
• Rent vs Own: 36.8% rent · 63.2% own
• Severe rent burden: 386.0

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: Predominantly Hispanic (79%)
• Race & ethnicity: Hispanic / Latino 79% Two or more races 38% Black 16% White 4%
• Hispanic origin (detail): Mexican 72%
• Foreign-born: 12% · Canada
• Languages at home: 50% English-only · Spanish 49%

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: ▲ 4.38%
• Current HPI: 139.6557
• Rent YoY: —
• 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

-14.5% since first listed

2 events — show timeline

• 2026-04-24 Price Changed $59,000 CBMLS
• 2026-03-11 Listed $69,000 CBMLS

Property tax history

+1.9%/yr

Latest (2025): $1,664 · -9.8% YoY. Source: county tax records.