1213 Golla Dr · Corpus Christi, TX 78407

$69,000

3 bd · 1.5 ba · 965 sqft · SingleFamily public records · 6 Days on market

Built 1950 10,071 sqft lot $72/sqft · 50% below area

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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
• Appreciation +5.3/10.0
• Livability +3.9/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Investor Special with Endless Potential! This 3-bedroom, 1.5-bath home is a prime opportunity for those looking to renovate, customize, or add to their investment portfolio. Situated on a generous 0.23-acre lot, the property offers ample space and flexibility for a full transformation. The home features a functional layout ready to be reimagined, along with an attached 1-car garage for convenience and a detached 2-car garage structure that provides additional storage, workshop space, or potential for future conversion. The expansive backyard offers plenty of room for outdoor living enhancements, landscaping, or expansion possibilities. This property is in need of extensive remodeling and TL

Key facts

• 0.23-acre lot
• Expansive backyard
• 0.23 acre lot

Tags

• 0.23-ACRE LOT
• ATTACHED 1-CAR GARAGE
• DETACHED 2-CAR GARAGE
• EXPANSIVE BACKYARD

Property features AI

Finance

• HOA & community: Short-term rentals allowed

Exterior

• Parking: Attached and detached garage/parking; Front entry garage; 3 covered garage spaces (3-car garage)
• Utilities: Public water; Public sewer; Sewer available; Water available
• Home design: Single-story; Pillar/post/pier foundation; Shingle roof; Wood siding construction
• Construction: Built with wood siding; Pillar/Post/Pier foundation; Shingle roof
• Exterior features: Chain link fencing; Interior lot

Interior

• Flooring: Hardwood
• Bathrooms: 1 full bathroom; 1 half bathroom
• Interior features: Ceiling fan(s); Handicap accessible
• Laundry & utility: Washer hookup; Dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $69k.

Deal economics

• At list price, monthly cash flow is $391 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $69k).
• Cap rate 13.1% 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: 9 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 1,397 units permitted in Nueces County in 2024 (47 in 5+ unit buildings).

Forward outlook

• In year one you build about $839 of equity ($477 loan paydown + $362 appreciation (0.5% local appreciation)).
• Nueces County population projected at +36% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (0.5% appreciation + 3.0% rent growth), your $19k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: property tax is 3.3% of price; built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $69,000

Questions for the listing agent

1. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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: 1.79% ✓
• Cap rate: 13.09%
• Cash-on-cash: 24.27%
• DSCR: 2.08
• GRM: 4.7

CMA / ARV

• ARV (median comp): $138,330
• List price: $69,000
• Delta: -50.12%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1213 Golla Dr	0.00mi	3/1.5	965 (0%)	1mo	$69,000	$72	99
1205 Manchester Ave	0.06mi	3/1.0	1,030 (+7%)	19mo	$75,000	$73	68
1106 Vernon Dr	0.25mi	3/1.0	922 (-4%)	14mo	$162,000	$176	67

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

Projected returns pro-forma

0.52% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 25.6%
• Equity multiple: 2.28×
• Total profit: $24,669
• Equity at exit: $21,862

10-year hold

• IRR: 28.9%
• Equity multiple: 4.36×
• Total profit: $64,902
• Equity at exit: $27,786

Cash invested: $19,320 (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 78407

• Home prices YoY: 0.6%
• Active inventory: 9
• Price-to-rent: 4.7×

Monthly cashflow live

• Estimated rent: $1,232 medium
• Mortgage (P&I): −$362
• Tax from tax record: −$192 /mo · $2,300/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$259
• Net cashflow: $391

Break-even live

Break-even rent $737

Max offer price $69,000

Occupancy floor 63%

Sensitivity live

Price	-10% $430	-5% $410	+0% $391	+5% $371	+10% $352
Rent	-10% $293	-5% $342	+0% $391	+5% $439	+10% $488
Rate	-1.0pp $425	-0.5pp $408	base $391	+0.5pp $373	+1.0pp $355

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: $17,250
• Closing costs: $2,070
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2240 N Padre Island Dr Corpus Christi, TX	1.0–3.0	1.0–2.0	916	$1,225	$1.34	14d	18	0.55mi
1545 N Lexington Blvd Unit 207 JADE Corpus Christi, TX	3.0	2.0	1064	$1,250	$1.17	14d	1	1.44mi

Listing history 6 events

1. 2026-05-15
   status Pending 896-char remark
2. 2026-05-07
   historical 896-char remark
3. 2026-05-01
   listed $69,000 Active 896-char remark
4. 2026-01-26
   soldstatus
5. 2015-11-03
   soldstatus
6. 2004-01-12
   soldstatus

ⓘ 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: $2,300 · $192/mo
• Projected year-2 tax: $2,300 · $192/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 2/10 Low
• 🌡 Heat 10/10 Extreme 6 d/yr ≥107°F today · 20 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: $14,780
• − Mortgage interest: −$3,865
• − Property taxes: −$2,300
• − Insurance: −$345
• − Repairs & maintenance: −$1,182
• − Management: −$1,182
• − Depreciation: −$2,007
• Taxable income: $3,898
• Est. tax owed @ 24.0%: −$935
• After-tax cash flow: $3,753/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
• City population: 296,836
• Population (ZIP): 1,937

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 (70%)
• Race & ethnicity: Hispanic / Latino 70% Two or more races 54% Black 15% White 12% Asian 2%
• Hispanic origin (detail): Mexican 64%
• Common ancestry: Slovak 2%
• Foreign-born: 12% · Canada, Vietnam
• Languages at home: 58% English-only · Spanish 39% Vietnamese 2% Russian/Polish/Slavic 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: ▲ 0.52%
• Current HPI: 82.2949
• Rent YoY: —
• Metro: —
• 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

8 events — show timeline

• 2026-06-02 Sold (Public Records) — Public Records
• 2026-06-01 Sold (MLS) — CBMLS
• 2026-05-15 Pending — CBMLS
• 2026-05-07 Delisted — CBMLS
• 2026-05-01 Listed $69,000 CBMLS
• 2026-01-26 Sold (Public Records) — Public Records
• 2015-11-03 Sold (Public Records) — Public Records
• 2004-01-12 Sold (Public Records) — Public Records

Property tax history

+2.3%/yr

Latest (2025): $2,300 · +12.0% YoY. Source: county tax records.