2410 Capitan Dr · Corpus Christi, TX 78414

$375,000

8 bd · 10.0 ba · 4,942 sqft · MultiFamily public records · 21 Days on market

Built 1983 10,202 sqft lot

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.9/5.0
• Rent growth +3.0/5.0
• Schools +2.8/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 4 units. confirmed

Listing remarks MLS

FANTASTIC RENTAL PROPERTY!! This Multi-family unit is conveniently located in Corpus Christi and consists of 4 - 2 bedroom units - 3 are outfitted with 2.5 bath and the 4th with 1.5 bath. Great location near shopping, bus stops, hospitals, and a short commute to Texas A & M university and the Naval Air Station. All units are outfitted with washer and dryer connections. Updates include new roof (2018), rebuilt chimneys, recent paint in 2 units, new AC in 3 units (2017). The HOA is also currently repainting the exteriors.

Key facts

• Unique 4-plex
• Conveniently located
• Spacious units

Tags

• UNIQUE 4-PLEX
• SPACIOUS UNITS
• ASSIGNED PARKING SPACES
• CONVENIENTLY LOCATED
• WELL-ESTABLISHED NEIGHBORHOOD
• LONG-TERM INVESTMENT POTENTIAL

Property features AI

Finance

• HOA & community: Homeowners association present

Exterior

• Parking: Assigned parking
• Utilities: Public water; Public sewer
• Home design: 2 stories; Shingle roof
• Construction: Slab foundation
• Exterior features: Asphalt surfaces

Interior

• Kitchen: Dishwasher; Electric oven; Electric range
• Flooring: Carpet; Tile; Vinyl
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Cable TV
• Laundry & utility: Dryer hookup; Dryer

What this means for you Summary

Snapshot

• This is a 3×2.0bd/2.5ba + 1×2.0bd/1.5ba units multifamily listed at $375k.

Deal economics

• At list price, monthly cash flow is $2k ($24k/yr) — positive. Per door: $502/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($6k rent vs $375k).
• Recommended offer: $369k (1.5% below list) — sets the bar for market timing.
• Cap rate 12.7% 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); 610 active listings in the ZIP; solid renter incomes; 1,397 units permitted in Nueces County in 2024 (47 in 5+ unit buildings).
• At $6,046/mo this rent would consume 73% of the median local household income ($99k/yr) (locally 1167% 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 $3k of loan paydown is wiped out by about $11k 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 + 1.9% rent growth), your $105k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 21 days — a 2% lower offer ($369k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 31y 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.

Risks & watch-outs

• Climate carrying-cost: 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 $369,375 (1.5% below list)

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.61% ✓
• Cap rate: 12.72%
• Cash-on-cash: 22.96%
• DSCR: 2.02
• GRM: 5.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.94% rent growth · sell at horizon

5-year hold

• IRR: 14.7%
• Equity multiple: 1.58×
• Total profit: $61,018
• Equity at exit: $55,914

10-year hold

• IRR: 22.6%
• Equity multiple: 2.84×
• Total profit: $193,088
• Equity at exit: $32,423

Cash invested: $105,000 (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: 610
• Price-to-rent: 20.7×

Monthly cashflow live

• Estimated rent: $6,046 high
• Mortgage (P&I): −$1,967
• Tax from tax record: −$644 /mo · $7,732/yr
• Insurance: −$156
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,270
• Net cashflow: $2,009

Break-even live

Break-even rent $3,503

Max offer price $375,000

Occupancy floor 62%

4-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 3× units	2.0	2.5	$4,536
1× unit	2.0	1.5	$1,512
Total (4 units)			$6,046

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: $93,750
• Closing costs: $11,250
• Reserves months: —
• Total cash needed: —

Listing history 32 events

1. 2026-06-18
   days on market $375,000 Active 21 DOM
2. 2026-06-17
   days on market $375,000 Active 20 DOM
3. 2026-06-16
   days on market $375,000 Active 19 DOM
4. 2026-06-15
   days on market $375,000 Active 18 DOM
5. 2026-06-14
   days on market $375,000 Active 16 DOM
6. 2026-06-10
   days on market $375,000 Active 13 DOM
7. 2026-06-09
   days on market $375,000 Active 12 DOM
8. 2026-06-08
   days on market $375,000 Active 11 DOM
9. 2026-06-07
   days on market $375,000 Active 10 DOM
10. 2026-06-05
    days on market $375,000 Active 7 DOM
11. 2026-06-03
    days on market $375,000 Active 6 DOM
12. 2026-06-02
    days on market $375,000 Active 5 DOM
13. 2026-06-01
    days on market $375,000 Active 4 DOM
14. 2026-05-31
    days on market $375,000 Active 3 DOM
15. 2026-05-30
    days on market $375,000 Active 2 DOM
16. 2026-05-28
    listed $375,000 Active
17. 2026-04-20
    status Pending
18. 2026-04-13
    historical
19. 2026-03-13
    listed $375,000 Active
20. 2022-02-28
    price $1,050
21. 2018-11-19
    soldstatus
22. 2018-11-18
    historical 530-char remark

    Show marketing remark (530 chars)

    FANTASTIC RENTAL PROPERTY!! This Multi-family unit is conveniently located in Corpus Christi and consists of 4 - 2 bedroom units - 3 are outfitted with 2.5 bath and the 4th with 1.5 bath. Great location near shopping, bus stops, hospitals, and a short commute to Texas A & M university and the Naval Air Station. All units are outfitted with washer and dryer connections. Updates include new roof (2018), rebuilt chimneys, recent paint in 2 units, new AC in 3 units (2017). The HOA is also currently repainting the exteriors.

23. 2018-11-16
    soldstatus Closed 530-char remark

    Show marketing remark (530 chars)

    FANTASTIC RENTAL PROPERTY!! This Multi-family unit is conveniently located in Corpus Christi and consists of 4 - 2 bedroom units - 3 are outfitted with 2.5 bath and the 4th with 1.5 bath. Great location near shopping, bus stops, hospitals, and a short commute to Texas A & M university and the Naval Air Station. All units are outfitted with washer and dryer connections. Updates include new roof (2018), rebuilt chimneys, recent paint in 2 units, new AC in 3 units (2017). The HOA is also currently repainting the exteriors.

24. 2018-10-24
    status Pending 530-char remark

    Show marketing remark (530 chars)

    FANTASTIC RENTAL PROPERTY!! This Multi-family unit is conveniently located in Corpus Christi and consists of 4 - 2 bedroom units - 3 are outfitted with 2.5 bath and the 4th with 1.5 bath. Great location near shopping, bus stops, hospitals, and a short commute to Texas A & M university and the Naval Air Station. All units are outfitted with washer and dryer connections. Updates include new roof (2018), rebuilt chimneys, recent paint in 2 units, new AC in 3 units (2017). The HOA is also currently repainting the exteriors.

25. 2018-10-10
    historical Option Period 530-char remark

    Show marketing remark (530 chars)

    FANTASTIC RENTAL PROPERTY!! This Multi-family unit is conveniently located in Corpus Christi and consists of 4 - 2 bedroom units - 3 are outfitted with 2.5 bath and the 4th with 1.5 bath. Great location near shopping, bus stops, hospitals, and a short commute to Texas A & M university and the Naval Air Station. All units are outfitted with washer and dryer connections. Updates include new roof (2018), rebuilt chimneys, recent paint in 2 units, new AC in 3 units (2017). The HOA is also currently repainting the exteriors.

26. 2018-07-17
    listed $274,900 Active 530-char remark

    Show marketing remark (530 chars)

    FANTASTIC RENTAL PROPERTY!! This Multi-family unit is conveniently located in Corpus Christi and consists of 4 - 2 bedroom units - 3 are outfitted with 2.5 bath and the 4th with 1.5 bath. Great location near shopping, bus stops, hospitals, and a short commute to Texas A & M university and the Naval Air Station. All units are outfitted with washer and dryer connections. Updates include new roof (2018), rebuilt chimneys, recent paint in 2 units, new AC in 3 units (2017). The HOA is also currently repainting the exteriors.

27. 2015-06-30
    soldstatus
28. 2015-06-26
    soldstatus
29. 2015-02-13
    listed $248,900
30. 2006-07-21
    listed $295,000
31. 1995-05-18
    soldstatus
32. 1995-02-24
    listed $121,900

ⓘ 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: $7,732 · $644/mo
• Projected year-2 tax: $7,732 · $644/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 ≥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: $72,552
• − Mortgage interest: −$21,006
• − Property taxes: −$7,732
• − Insurance: −$1,875
• − Repairs & maintenance: −$5,804
• − Management: −$5,804
• − Depreciation: −$10,909
• Taxable income: $19,421
• Est. tax owed @ 24.0%: −$4,661
• After-tax cash flow: $19,449/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

+207.6% since first listed

17 events — show timeline

• 2026-05-28 Listed $375,000 CBMLS
• 2026-04-20 Pending — CBMLS
• 2026-04-13 Delisted — CBMLS
• 2026-03-13 Listed $375,000 CBMLS
• 2022-02-28 Price Changed $1,050 RENT.
• 2018-11-19 Sold (Public Records) — Public Records
• 2018-11-18 Delisted — CBMLS
• 2018-11-16 Sold (MLS) — CBMLS
• 2018-10-24 Pending — CBMLS
• 2018-10-10 Contingent — CBMLS
• 2018-07-17 Listed $274,900 CBMLS
• 2015-06-30 Sold (Public Records) — Public Records
• 2015-06-26 Sold (MLS) — CBMLS
• 2015-02-13 Listed $248,900 CBMLS
• 2006-07-21 Listed $295,000 CBMLS
• 1995-05-18 Sold (MLS) — CBMLS
• 1995-02-24 Listed $121,900 CBMLS

Property tax history

+0.9%/yr

Latest (2025): $7,732 · +22.1% YoY. Source: county tax records.