425 Ohio Ave · Corpus Christi, TX 78404

$189,000

3 bd · 2.0 ba · 1,551 sqft · SingleFamily public records · 52 Days on market

Built 1937 6,251 sqft lot $122/sqft · at area comps Est $198k · at est.

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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 +20.2/30.0
• ARV discount +9.7/15.0
• DSCR +6.4/10.0
• 1% rule +5.9/10.0
• 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

Listing remarks MLS

Investment opportunity at 425 Ohio in Corpus Christi! This 3-bedroom, 2-bath home offers a functional layout with generously sized bedrooms and recently installed vinyl flooring throughout for durability and easy maintenance. The home features a spacious living area with a fireplace, a separate dining space, and convenient interior washer and dryer hookups. Hurricane shutters provide added protection—an ideal feature for coastal living. Situated on a property with a long driveway, covered parking, and a single-car garage with an attached workshop, there’s plenty of space for storage, projects, or additional utility. Currently tenant-occupied (until 7/14/2026), this property presents an excellent opportunity for investors looking for immediate rental income or buyers willing to add value over time. Conveniently located near hospitals, schools, shopping, and major roadways.

Key facts

• Vinyl flooring
• Covered parking
• Attached workshop

Tags

• VINYL FLOORING
• FIREPLACE
• HURRICANE SHUTTERS
• COVERED PARKING
• ATTACHED WORKSHOP
• LONG DRIVEWAY

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $189k.

Deal economics

• At list price, monthly cash flow is $239 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $189k).
• Recommended offer: $183k (3.0% 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 (+1.9%/yr); 141 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 58% 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).
• This rent runs 40% of the median local income ($61k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

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.

Negotiation context

• It's been on market 52 days — a 3% lower offer ($183k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 25y 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 $73k; list at $189k implies a 159% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1937 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $183,330 (3.0% below list)

Questions for the listing agent

1. It's been on market 52 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1937 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 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: 1.09% ✓
• Cap rate: 7.81%
• Cash-on-cash: 5.41%
• DSCR: 1.24
• GRM: 7.6

CMA / ARV

• ARV (median comp): $198,489
• List price: $189,000
• Delta: -4.78%
• 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
634 Sorrell St	0.48mi	3/2.0	1,552 (+0%)	1mo	$237,500	$153	77
702 Texas Ave	0.38mi	3/2.0	1,514 (-2%)	2mo	$239,900	$158	76
2810 Topeka St	0.12mi	3/2.0	1,395 (-10%)	5mo	$199,900	$143	73
502 Vaky St	0.46mi	3/2.0	1,543 (-0%)	6mo	$67,900	$44	73
636 Texas Ave	0.33mi	3/2.0	1,342 (-14%)	4mo	$149,900	$112	59
714 Indiana Ave	0.40mi	3/2.0	1,741 (+12%)	2mo	$265,000	$152	59
1113 Annapolis Dr	0.74mi	3/2.0	1,518 (-2%)	4mo	$224,900	$148	58
1725 15th St	0.64mi	3/2.5	1,447 (-7%)	2mo	$190,000	$131	56
311 Clifford St	0.50mi	3/1.0	1,400 (-10%)	2mo	$118,000	$84	55
641 Naples St	0.44mi	2/2.0 (-1)	1,376 (-11%)	4mo	$205,000	$149	53
1154 Florida Ave	0.68mi	3/2.0	1,737 (+12%)	1mo	$275,000	$158	47
3301 Willies Landing Dr	0.70mi	3/2.5	1,700 (+10%)	4mo	$321,757	$189	46

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: -9.2%
• Equity multiple: 0.67×
• Total profit: $-17,661
• Equity at exit: $28,181

10-year hold

• IRR: -1.4%
• Equity multiple: 0.91×
• Total profit: $-4,779
• Equity at exit: $16,341

Cash invested: $52,920 (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: 7.6×

Monthly cashflow live

• Estimated rent: $2,068 high
• Mortgage (P&I): −$991
• Tax from tax record: −$325 /mo · $3,903/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$434
• Net cashflow: $239

Break-even live

Break-even rent $1,766

Max offer price $189,000

Occupancy floor 83%

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: $47,250
• Closing costs: $5,670
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
455 Louisiana Ave Corpus Christi, TX	2.0	1.0	1528	$3,000	$1.96	21d	1	0.07mi
417 Southern St Corpus Christi, TX	4.0	2.5	2028	$2,350	$1.16	43d	1	0.12mi
426 Palmero St Corpus Christi, TX	3.0	2.0	1720	$1,350	$0.78	43d	1	0.53mi
1802 16th St Unit B Corpus Christi, TX	3.0	1.0	1575	$1,000	$0.63	43d	1	0.54mi
3102 Santa Fe St Corpus Christi, TX	1.0–2.0	1.0–2.0	922	$1,095	$1.19	43d	1	0.67mi
2901 S Staples St Unit B Corpus Christi, TX	2.0	1.0	2236	$900	$0.40	43d	1	0.69mi
1539 10th St Unit 1 Corpus Christi, TX	2.0	1.0	1944	$1,225	$0.63	43d	1	0.79mi
1628 18th St Corpus Christi, TX	2.0	1.0	1112	$1,000	$0.90	43d	1	0.83mi
1117 Ocean Dr Unit B Corpus Christi, TX	2.0	1.0	1543	$3,000	$1.94	43d	1	0.98mi
1525 S 19th St Unit B Corpus Christi, TX	3.0	2.0	1062	$2,100	$1.98	13d	1	1.00mi
2622 Cloyde St Corpus Christi, TX	2.0	1.0	1693	$1,150	$0.68	43d	1	1.03mi
522 Hancock Ave Unit 1-319 Corpus Christi, TX	2.0	2.0	1133	$1,625	$1.43	21d	1	1.10mi
522 Hancock Ave Corpus Christi, TX	1.0–2.0	1.0–2.0	915	$2,000	$2.18	13d	10	1.12mi
1405 Annapolis Dr Corpus Christi, TX	3.0	1.5	1502	$2,000	$1.33	13d	1	1.12mi
813 Furman Ave Apt 1 Corpus Christi, TX	3.0	2.0	1430	$1,475	$1.03	13d	1	1.15mi
823 S Water St Corpus Christi, TX	2.0	2.0	1243	$2,000	$1.61	13d	1	1.17mi
225 Watson St Corpus Christi, TX	3.0	1.0	1472	$1,295	$0.88	43d	1	1.19mi
1722 Trenton Dr Corpus Christi, TX	4.0	2.0	1432	$2,100	$1.47	13d	1	1.19mi
802 S Carancahua St Corpus Christi, TX	2.0	1.0–2.0	869	$1,770	$2.04	13d	68	1.20mi
1446 Annapolis Dr Corpus Christi, TX	3.0	2.0	1500	$1,700	$1.13	43d	1	1.23mi
1107 14th St Corpus Christi, TX	4.0	1.5	1520	$1,300	$0.86	43d	1	1.25mi
801 S Alameda St Unit A Corpus Christi, TX	2.0	1.0	1760	$900	$0.51	43d	1	1.27mi
3314 Casa de Palmas Dr Corpus Christi, TX	3.0	2.0	1869	$2,300	$1.23	13d	1	1.28mi
3509 Topeka St Corpus Christi, TX	2.0	1.0	1114	$1,850	$1.66	43d	1	1.31mi
1522 Cambridge Dr Corpus Christi, TX	3.0	1.5	1278	$1,600	$1.25	43d	1	1.33mi
3562 Topeka St Corpus Christi, TX	3.0	1.0	1208	$1,695	$1.40	13d	1	1.43mi

Listing history 15 events

1. 2026-06-18
   days on market $189,000 Active 52 DOM
2. 2026-06-17
   days on market $189,000 Active 51 DOM
3. 2026-06-16
   days on market $189,000 Active 50 DOM
4. 2026-06-15
   days on market $189,000 Active 49 DOM
5. 2026-06-14
   days on market $189,000 Active 47 DOM
6. 2026-06-10
   days on market $189,000 Active 44 DOM
7. 2026-06-09
   days on market $189,000 Active 43 DOM
8. 2026-06-08
   days on market $189,000 Active 42 DOM
9. 2026-06-07
   days on market $189,000 Active 41 DOM
10. 2026-06-05
    statusdays on market $189,000 Active 38 DOM
11. 2026-06-01
    statusdays on market $189,000 Pending 37 DOM
12. 2026-04-15
    listed $189,000 Active 896-char remark

    Show marketing remark (896 chars)

    Investment opportunity at 425 Ohio in Corpus Christi! This 3-bedroom, 2-bath home offers a functional layout with generously sized bedrooms and recently installed vinyl flooring throughout for durability and easy maintenance. The home features a spacious living area with a fireplace, a separate dining space, and convenient interior washer and dryer hookups. Hurricane shutters provide added protection—an ideal feature for coastal living. Situated on a property with a long driveway, covered parking, and a single-car garage with an attached workshop, there’s plenty of space for storage, projects, or additional utility. Currently tenant-occupied (until 7/14/2026), this property presents an excellent opportunity for investors looking for immediate rental income or buyers willing to add value over time. Conveniently located near hospitals, schools, shopping, and major roadways.

13. 2002-01-03
    soldstatus 216-char remark

    Show marketing remark (216 chars)

    NICE SETTLED AREA, MANY UPDATES, LG W/ I CLOSET IN MAS. B/R DOU. SINK IN MAST. BATH, ARCHED ENTRY TO D. R. , HRDW. FL. NEW VINYL FLOORS, ALSO HAS REAR APT. WILL SHOW WELL VA VENDEE ADDENDUMS MUST ACCOMPANY ALL OFFERS

14. 2002-01-03
    soldstatus $73,000

    Show marketing remark (216 chars)

    NICE SETTLED AREA, MANY UPDATES, LG W/ I CLOSET IN MAS. B/R DOU. SINK IN MAST. BATH, ARCHED ENTRY TO D. R. , HRDW. FL. NEW VINYL FLOORS, ALSO HAS REAR APT. WILL SHOW WELL VA VENDEE ADDENDUMS MUST ACCOMPANY ALL OFFERS

15. 2001-10-02
    listed $73,500 216-char remark

    Show marketing remark (216 chars)

    NICE SETTLED AREA, MANY UPDATES, LG W/ I CLOSET IN MAS. B/R DOU. SINK IN MAST. BATH, ARCHED ENTRY TO D. R. , HRDW. FL. NEW VINYL FLOORS, ALSO HAS REAR APT. WILL SHOW WELL VA VENDEE ADDENDUMS MUST ACCOMPANY ALL OFFERS

ⓘ 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: $3,903 · $325/mo
• Projected year-2 tax: $3,903 · $325/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 6 d/yr ≥107°F today · 22 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: $24,818
• − Mortgage interest: −$10,587
• − Property taxes: −$3,903
• − Insurance: −$945
• − Repairs & maintenance: −$1,985
• − Management: −$1,985
• − Depreciation: −$5,498
• Taxable loss: −$86
• Est. tax savings @ 24.0%: +$21
• After-tax cash flow: $2,885/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

+157.1% since first listed

4 events — show timeline

• 2026-04-15 Listed $189,000 CBMLS
• 2002-01-03 Sold (Public Records) $73,000 Public Records
• 2002-01-03 Sold (MLS) — CBMLS
• 2001-10-02 Listed $73,500 CBMLS

Property tax history

+3.0%/yr

Latest (2025): $3,903 · -7.4% YoY. Source: county tax records.