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2821 Nogales St
B Composite 72.53
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
  • Appreciation +5.7/10.0
  • Livability +3.9/5.0
  • Rent growth +2.5/5.0
  • Schools +1.9/10.0
  • Condition / age +1.0/5.0

$45,000

2821 Nogales St · Corpus Christi, TX 78405
3 bd · 2.0 ba · 954 sqft · SingleFamily public records · 105 Days on market
Built 1947 Poor condition 4,008 sqft lot $47/sqft · 66% below area

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Great investment property! 2bed/1 bath/ 2 living areas.

Key facts

  • 4,008 sq ft lot
  • Built 1947
  • Listed 105 days

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/2.0-bath single-family listed at $45k. Condition is rated poor.

Deal economics

  • At list price, monthly cash flow is $564 ($7k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($1k rent vs $45k).
  • Recommended offer: $41k (9.0% below list) — sets the bar for market timing.
  • Cap rate 21.3% vs local median 3.9% 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: Windsor Park G/T (math 85% / reading 90%, grade A+, #6 of 4,322 statewide, top 0%, 609 students, 29% FRL); Adkins Middle (math 40% / reading 39%, grade F, #660 of 1,662 statewide, top 41%, 956 students, 48% FRL); Moody H S (math 33% / reading 26%, grade F, #1,112 of 1,632 statewide, top 70%, 1,382 students, 84% FRL).
  • Zoned-school proficiency averages 52% at this address vs 33% district-wide (+19 pts) — the actual schools serving this property are materially stronger than the Corpus Christi ISD average implies; a family-tenant draw the district grade alone would hide.
  • Market conditions: 119 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals lingering (median 110d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 56% 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).

Forward outlook

  • In year one you build about $950 of equity ($311 loan paydown + $639 appreciation (1.4% local appreciation)).
  • Nueces County population projected at +36% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
  • At projected returns (1.4% appreciation + 3.0% rent growth), your $13k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 105 days — a 9% lower offer ($41k) is reasonable based on typical stale-listing flexibility.
  • 4 sale attempts since 4y ago; this cycle's ask has dropped $10k (18%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

  • Watch-outs: property tax is 2.6% of price; built in 1947 — expect roof / HVAC / electrical / plumbing capex.
  • 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 $40,950 (9.0% below list)

Questions for the listing agent

  1. It's been on market 105 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
  2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
  3. Built in 1947 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  4. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
  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
2.58%
Cap rate
21.33%
Cash-on-cash
53.71%
DSCR
3.39
GRM
3.2

CMA / ARV

ARV (median comp)
$131,438
List price
$45,000
Delta
-65.76%
Verdict
UNDERPRICED
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
3306 Elgin St 0.21mi 3/1.0 901 (-6%) 7mo $133,500 $148 71
2530 Dunbar St 0.41mi 3/2.0 992 (+4%) 6mo $79,900 $81 70
3037 Macarthur St 0.42mi 2/1.0 (-1) 960 (+1%) 4mo $50,000 $52 67
3033 Elgin St 0.18mi 3/1.0 1,058 (+11%) 8mo $149,900 $142 62
3650 Braniff St 0.51mi 3/1.0 986 (+3%) 5mo $69,900 $71 62
2921 Sabinas St 0.29mi 2/1.0 (-1) 1,044 (+9%) 5mo $69,999 $67 57
2225 Presa St 0.51mi 2/1.0 (-1) 924 (-3%) 11mo $53,500 $58 53
2838 Greenwood Dr 0.43mi 2/2.0 (-1) 1,058 (+11%) 6mo $158,000 $149 51
2504 Goliad St 0.52mi 2/1.0 (-1) 859 (-10%) 3mo $89,900 $105 48
3073 Reyna St 0.63mi 3/2.0 1,036 (+9%) 11mo $110,000 $106 47
2745 Ada St 0.24mi 3/1.0 1,097 (+15%) 19mo $149,000 $136 44
2606 Bolivar St 0.31mi 2/1.0 (-1) 819 (-14%) 14mo $134,999 $165 41

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

Projected returns pro-forma

1.42% appreciation · 3.0% rent growth · sell at horizon

5-year hold
IRR
57.0%
Equity multiple
4.00×
Total profit
$37,738
Equity at exit
$16,355
10-year hold
IRR
58.0%
Equity multiple
8.06×
Total profit
$88,908
Equity at exit
$22,524

Cash invested: $12,600 (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.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
21 active · 6 under contract
Months of supply
18.0 mo (6%/mo absorbed)
Median asking
$99,999 ($111/sqft)
Median days on market
95 d
This list price
10% of active listings are priced below it
ARV vs active asking
+24.0% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 78405

Home prices YoY
1.3%
Active inventory
119
Price-to-rent
3.2×

Monthly cashflow live

Estimated rent
$1,159 high interval (Pro) →
Mortgage (P&I)
$236
Tax from tax record
$97 /mo · $1,161/yr
Insurance
$19
HOA
$0
Vacancy / Maint / Mgmt
$243
Net cashflow
$564

Break-even live

Break-even rent $445
Max offer price $45,000
Occupancy floor 46%

Sensitivity live

Price -10% $589 -5% $577 +0% $564 +5% $551 +10% $539
Rent -10% $472 -5% $518 +0% $564 +5% $610 +10% $656
Rate -1.0pp $587 -0.5pp $575 base $564 +0.5pp $552 +1.0pp $540

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
$11,250
Closing costs
$1,350
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 25 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
3150 Elgin St Corpus Christi, TX 2.0 1.0 616 $925 $1.50 139d 1 0.13mi
2837 Sarita St Corpus Christi, TX 2.0 1.0 765 $1,295 $1.69 6d 1 0.59mi
2522 Cleo St Corpus Christi, TX 3.0 1.0 992 $1,350 $1.36 109d 1 0.81mi
1722 Tarlton St Corpus Christi, TX 2.0 1.0 836 $1,150 $1.38 6d 1 0.82mi
2402 Segrest St Corpus Christi, TX 2.0 1.0 1120 $825 $0.74 117d 1 0.89mi
2017 Yale St Unit Na Corpus Christi, TX 4.0 2.0 1088 $1,300 $1.19 0d 1 1.02mi
1701 Islla Dr Corpus Christi, TX 2.0 1.0 876 $1,350 $1.54 0d 1 1.02mi
2937 Ruth St Corpus Christi, TX 2.0 1.0 676 $950 $1.41 139d 1 1.05mi
2333 Riggan St Corpus Christi, TX 2.0 1.0 856 $1,250 $1.46 139d 1 1.11mi
2406 Elizabeth St Corpus Christi, TX 2.0 1.0 984 $900 $0.91 6d 1 1.16mi
2106 Harvard St Corpus Christi, TX 3.0 1.0 912 $1,225 $1.34 139d 1 1.16mi
2122 Harvard St Corpus Christi, TX 2.0 1.0 858 $1,250 $1.46 109d 1 1.19mi
1525 S 19th St Unit B Corpus Christi, TX 3.0 2.0 1062 $1,895 $1.78 6d 1 1.20mi
113 Blevins St Corpus Christi, TX 2.0 1.0 882 $1,000 $1.13 6d 1 1.20mi
3115 Agnes St Corpus Christi, TX 2.0 1.0 428 $828 $1.93 139d 3 1.27mi
139 Fannin St Corpus Christi, TX 2.0 1.0 768 $1,050 $1.37 6d 1 1.29mi
200 Clemmer St Unit A Corpus Christi, TX 3.0 1.0 950 $1,199 $1.26 139d 1 1.30mi
1628 18th St Corpus Christi, TX 2.0 1.0 1112 $1,000 $0.90 139d 1 1.33mi
4326 Vestal St Corpus Christi, TX 3.0 1.0 984 $1,125 $1.14 109d 1 1.33mi
1458 W Point Rd Corpus Christi, TX 2.0–3.0 1.0 777 $980 $1.26 0d 2 1.36mi
1802 Morgan Ave Unit 1802 Corpus Christi, TX 2.0 1.0 850 $1,250 $1.47 117d 1 1.41mi
4613 Yolanda Dr Corpus Christi, TX 3.0 1.0 976 $1,300 $1.33 6d 1 1.43mi
1201 York Ave Corpus Christi, TX 3.0 1.0 888 $1,550 $1.75 117d 1 1.46mi
1705 Sycamore Pl Corpus Christi, TX 3.0 1.0 1104 $1,400 $1.27 0d 1 1.47mi
4313 Molina Dr Corpus Christi, TX 2.0 1.0 904 $1,250 $1.38 139d 1 1.50mi

Property features AI

Finance

Other
Lot size approximately 0.09 acres
Financial info
No financial details provided
HOA & community
Short-term rentals allowed

Exterior

Parking
On-street parking
Security
No security features listed
Utilities
Public water availablePublic sewer available
Home design
Single-story homeEntry level not specifiedFacing direction not specifiedSingle-story (total 1)
Construction
Wood siding exteriorShingle roofPillar/post/pier foundationBuilt year not specified
Exterior features
Chain link fencingNo additional exterior features listed

Interior

Kitchen
No kitchen appliances or features listed
Bedrooms
No bedroom details provided
Flooring
No flooring information provided
Bathrooms
2 full bathrooms
Heating & cooling
No heating or cooling information provided
Interior features
No notable interior features listed
Laundry & utility
No laundry details provided

Listing history 50 events

  1. 2026-08-20
    days on market $45,000 Active 105 DOM
  2. 2026-08-19
    days on market $45,000 Active 104 DOM
  3. 2026-08-18
    days on market $45,000 Active 103 DOM
  4. 2026-08-17
    days on market $45,000 Active 102 DOM
  5. 2026-08-16
    days on market $45,000 Active 101 DOM
  6. 2026-08-15
    days on market $45,000 Active 100 DOM
  7. 2026-08-15
    days on market $45,000 Active 99 DOM
  8. 2026-08-13
    days on market $45,000 Active 98 DOM
  9. 2026-08-12
    days on market $45,000 Active 97 DOM
  10. 2026-08-11
    days on market $45,000 Active 96 DOM
  11. 2026-08-10
    days on market $45,000 Active 95 DOM
  12. 2026-08-09
    price $45,000 Active 94 DOM
  13. 2026-08-09
    days on market $55,000 Active 94 DOM
  14. 2026-08-08
    days on market $55,000 Active 93 DOM
  15. 2026-08-07
    days on market $55,000 Active 92 DOM
  16. 2026-08-06
    days on market $55,000 Active 91 DOM
  17. 2026-08-05
    days on market $55,000 Active 90 DOM
  18. 2026-08-04
    days on market $55,000 Active 89 DOM
  19. 2026-08-03
    days on market $55,000 Active 88 DOM
  20. 2026-07-31
    days on market $55,000 Active 85 DOM
  21. 2026-07-29
    days on market $55,000 Active 83 DOM
  22. 2026-07-27
    days on market $55,000 Active 81 DOM
  23. 2026-07-25
    days on market $55,000 Active 79 DOM
  24. 2026-07-24
    days on market $55,000 Active 78 DOM
  25. 2026-07-23
    days on market $55,000 Active 77 DOM
  26. 2026-07-22
    days on market $55,000 Active 76 DOM
  27. 2026-07-21
    days on market $55,000 Active 75 DOM
  28. 2026-07-18
    days on market $55,000 Active 72 DOM
  29. 2026-07-16
    days on market $55,000 Active 70 DOM
  30. 2026-07-16
    days on market $55,000 Active 69 DOM
  31. 2026-07-14
    days on market $55,000 Active 68 DOM
  32. 2026-07-13
    days on market $55,000 Active 67 DOM
  33. 2026-07-12
    days on market $55,000 Active 66 DOM
  34. 2026-07-11
    days on market $55,000 Active 65 DOM
  35. 2026-07-10
    days on market $55,000 Active 64 DOM
  36. 2026-07-09
    days on market $55,000 Active 63 DOM
  37. 2026-07-08
    days on market $55,000 Active 62 DOM
  38. 2026-07-07
    days on market $55,000 Active 61 DOM
  39. 2026-07-06
    days on market $55,000 Active 60 DOM
  40. 2026-07-05
    days on market $55,000 Active 59 DOM
  41. 2026-07-04
    days on market $55,000 Active 58 DOM
  42. 2026-07-03
    days on market $55,000 Active 57 DOM
  43. 2026-07-02
    days on market $55,000 Active 56 DOM
  44. 2026-07-01
    days on market $55,000 Active 55 DOM
  45. 2026-06-30
    days on market $55,000 Active 54 DOM
  46. 2026-06-29
    days on market $55,000 Active 53 DOM
  47. 2026-06-28
    days on market $55,000 Active 52 DOM
  48. 2026-06-28
    days on market $55,000 Active 51 DOM
  49. 2026-06-27
    days on market $55,000 Active 50 DOM
  50. 2026-06-25
    days on market $55,000 Active 48 DOM

ⓘ 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
$1,161 · $97/mo
Projected year-2 tax
$1,161 · $97/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) · 20% 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

Nearby sold comps map

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Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$13,905
− Mortgage interest
−$2,521
− Property taxes
−$1,161
− Insurance
−$225
− Repairs & maintenance
−$1,112
− Management
−$1,112
− Depreciation
−$1,309
Taxable income
$6,465
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$1,552
After-tax cash flow
$5,216/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.

Condition & rehab AI · 7 photos

Poor 20/100 Extensive rehab Est. rehab $47,700–$85,860 screening

This property requires extensive renovation, including a new roof, siding, interior walls, flooring, HVAC, and landscaping. Significant investment is needed to make it move-in ready and increase its value.

Deferred maintenance Est. $60,000–$180,000 screening

  • Major Roof (roof) — roof appears to be missing or damaged
  • Major Windows (windows) — windows appear to be missing or damaged
  • Major Electrical (electrical) — electrical wiring and fixtures are exposed
  • Major Plumbing (plumbing) — plumbing fixtures and pipes are exposed
  • Major Exterior (exterior) — exterior walls and siding appear to be missing or damaged
  • Major Other — other components such as flooring and countertops appear to be missing or damaged

Repairs flagged

  • Major roof — Exposed framing and no visible roof
  • Major siding — Exposed framing and no visible siding
  • Major exterior walls — Exposed framing and no visible exterior walls
  • Major interior walls — Exposed framing and no visible interior walls
  • Major flooring — Exposed framing and no visible flooring
  • Major HVAC/mechanicals — Exposed framing and no visible HVAC/mechanicals
  • Major landscaping — No visible landscaping

Value-add opportunities

  • Both roof — A new roof would significantly improve the home's appearance and functionality
  • Both siding — New siding would enhance the home's curb appeal and protect the structure
  • Both interior walls — Drywall and paint would make the interior look finished and habitable
  • Both flooring — New flooring would complete the interior and make it more appealing
  • Both HVAC/mechanicals — Upgraded HVAC would improve comfort and energy efficiency
  • Both landscaping — Landscaping would enhance curb appeal and add value

ⓘ Rehab cost is a screening estimate — Extensive scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 19/100

Zoned Schools

Elementary Crockett El F TX #4,048/4,322 Nat'l #36,758/41,679 Middle Martin Middle F TX #1,569/1,662 Nat'l #12,634/14,009 High Roy Miller H S And Metro School Of Design F TX #1,170/1,632 Nat'l #11,740/17,239

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
B Composite livability gradescore 78/100

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 · 418,037 people
City population
296,836
Metro
Corpus Christi, TX
Population (ZIP)
14,602
Household income
$38,294
Rent vs Own
49.0% rent · 51.0% own
Severe rent burden
18% of renters

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 (91%)
Race & ethnicity
Hispanic / Latino 91% Two or more races 48% Black 4% White 4%
Hispanic origin (detail)
Mexican 83%
Foreign-born
18% · Canada
Languages at home
52% English-only · Spanish 48%

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

Price history

+10.0% since first listed
13 events — show timeline
  • 2026-05-06 Listed $55,000 CBMLS
  • 2026-03-08 Price Changed $62,500 CBMLS
  • 2026-01-31 Listed $65,000 CBMLS
  • 2026-01-26 Delisted CBMLS
  • 2026-01-12 Price Changed $65,000 CBMLS
  • 2025-11-08 Listed $75,000 CBMLS
  • 2022-05-24 Delisted CBMLS
  • 2022-05-23 Sold (Public Records) Public Records
  • 2022-05-20 Sold (MLS) CBMLS
  • 2022-05-06 Pending CBMLS
  • 2022-04-28 Contingent CBMLS
  • 2022-04-21 Listed $50,000 CBMLS
  • 2021-12-16 Sold (Public Records) Public Records

Property tax history

+1.4%/yr

Latest (2025): $1,161 · -41.1% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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