3426 Charlotte Dr · Corpus Christi, TX 78418

$199,900

4 bd · 2.0 ba · 1,350 sqft · SingleFamily public records · 33 Days on market

Built 1973 6,120 sqft lot Est $269k · 26% under

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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 +25.1/30.0
• ARV discount +15.0/15.0
• DSCR +8.2/10.0
• 1% rule +7.4/10.0
• Schools +4.1/10.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Nicely updated house on a large lot with great curb appeal. Updated kitchen with new cabinets, granite counters, and stainless steel appliances. New carpet and flooring throughout the house, paint, and fixtures. New windstorm garage door with opener. 2 bedrooms and a bath upstairs and 2 bedrooms downstairs. French doors lead to a large fenced backyard with a nice patio. Lots of closet space throughout the house. Recent roof and exterior paint. The landscaped front yard has a large oak providing shade over the yard. Desirable Flour Bluff schools nearby and just a short drive to the boat launch.

Key facts

• Huge bedrooms
• Giant closets
• Recent ac duct work

Tags

• HUGE BEDROOMS
• GIANT CLOSETS
• RECENT AC DUCT WORK
• STAINLESS APPLIANCES
• FRENCH DOORS
• LARGE FENCED BACKYARD

Property features AI

Finance

• HOA & community: Short-term rentals allowed

Exterior

• Parking: Front entry; Garage with garage door opener; 2 total parking spaces (1 covered)
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer; 220V electric
• Home design: 2-story home; Shingle roof; Slab foundation
• Construction: Brick and wood siding construction
• Exterior features: Open patio; Wood fencing; Interior lot

Interior

• Kitchen: Dishwasher; Gas cooktop; Disposal; Microwave
• Flooring: Ceramic tile; Laminate; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Window coverings and treatments; Smoke detectors
• Laundry & utility: Washer hookup; Dryer hookup

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $443 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $200k).
• Recommended offer: $194k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.9% 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.
• Flour Bluff ISD (urban): math 43% / reading 51% proficiency, ranked #209 of 826 in TX (top 25%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Flour Bluff El (math 40% / reading 42%, grade F, #1,462 of 4,322 statewide, top 34%, 759 students, 53% FRL); Flour Bluff J H (math 45% / reading 53%, grade C-, #378 of 1,662 statewide, top 23%, 919 students, 46% FRL); Flour Bluff H S (math 33% / reading 62%, grade D, #583 of 1,632 statewide, top 36%, 1,958 students, 40% FRL) — zoned schools at 47% FRL track the district average.
• Market conditions: Rents soft (-0.6%/yr); 686 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 1,397 units permitted in Nueces County in 2024 (47 in 5+ unit buildings).
• This rent runs 32% of the median local income ($92k/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 33 days — a 3% lower offer ($194k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 9y 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 $69k; list at $200k implies a 191% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $193,903 (3.0% below list)

Questions for the listing agent

1. It's been on market 33 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 1973 — 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: 1.24% ✓
• Cap rate: 8.95%
• Cash-on-cash: 9.49%
• DSCR: 1.42
• GRM: 6.7

CMA / ARV

• ARV (on-the-fly): $268,650
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
401 Antares	0.15mi	3/2.0 (-1)	1,346 (-0%)	0mo	$280,000	$208	87
420 E Cartagena Cir	0.27mi	3/2.0 (-1)	1,351 (+0%)	3mo	$141,855	$105	80
430 Antares Dr	0.08mi	4/2.0	1,233 (-9%)	3mo	$189,900	$154	79
3309 Cartagena Dr	0.15mi	3/2.0 (-1)	1,259 (-7%)	3mo	$220,000	$175	74
3231 Jamaica Dr	0.32mi	3/2.0 (-1)	1,372 (+2%)	5mo	$339,000	$247	74
3726 Lynda Lee Dr	0.34mi	3/2.0 (-1)	1,320 (-2%)	5mo	$350,000	$265	71
3146 Mill Brook Dr	0.35mi	3/2.0 (-1)	1,273 (-6%)	6mo	$199,950	$157	64
3211 Laguna Shores Dr	0.58mi	3/2.5 (-1)	1,352 (+0%)	2mo	$379,000	$280	64
3914 Wagner Lee Dr	0.70mi	3/2.0 (-1)	1,406 (+4%)	4mo	$259,900	$185	52
217 Las Palmas Dr	0.56mi	3/2.0 (-1)	1,485 (+10%)	5mo	$349,900	$236	48
226 Clearview Dr	0.55mi	3/2.0 (-1)	1,504 (+11%)	3mo	$299,000	$199	48
3118 Nassau Dr	0.66mi	3/3.0 (-1)	1,152 (-15%)	3mo	$219,900	$191	33

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -5.6%
• Equity multiple: 0.80×
• Total profit: $-11,326
• Equity at exit: $29,806

10-year hold

• IRR: -0.3%
• Equity multiple: 0.98×
• Total profit: $-1,063
• Equity at exit: $17,284

Cash invested: $55,972 (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 78418

• Rents YoY: -0.6%
• Active inventory: 686
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $2,469 medium
• Mortgage (P&I): −$1,048
• Tax from tax record: −$376 /mo · $4,516/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$518
• Net cashflow: $443

Break-even live

Break-even rent $1,909

Max offer price $199,900

Occupancy floor 77%

Sensitivity live

Price	-10% $556	-5% $499	+0% $443	+5% $386	+10% $329
Rent	-10% $248	-5% $345	+0% $443	+5% $540	+10% $638
Rate	-1.0pp $543	-0.5pp $493	base $443	+0.5pp $391	+1.0pp $338

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: $49,975
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
538 Vega Dr Corpus Christi, TX	4.0	2.0	1539	$1,925	$1.25	45d	1	0.26mi
557 Yorktown Blvd Corpus Christi, TX	3.0–5.0	2.0	1714	$2,337	$1.36	15d	1	0.60mi
3942 Laguna Shores Rd Corpus Christi, TX	3.0	2.0	1500	$3,800	$2.53	15d	1	0.80mi
702 Truk Dr Corpus Christi, TX	3.0	2.0	1508	$1,650	$1.09	46d	1	1.22mi
2445 Laguna Shores Rd Corpus Christi, TX	4.0	4.5	1609	$5,500	$3.42	15d	1	1.36mi

Listing history 30 events

1. 2026-06-18
   days on market $199,900 Active 33 DOM
2. 2026-06-17
   days on market $199,900 Active 32 DOM
3. 2026-06-16
   days on market $199,900 Active 31 DOM
4. 2026-06-15
   days on market $199,900 Active 30 DOM
5. 2026-06-14
   days on market $199,900 Active 28 DOM
6. 2026-06-13
   days on market $199,900 Active 27 DOM
7. 2026-06-10
   days on market $199,900 Active 25 DOM
8. 2026-06-09
   days on market $199,900 Active 24 DOM
9. 2026-06-08
   days on market $199,900 Active 23 DOM
10. 2026-06-07
    days on market $199,900 Active 22 DOM
11. 2026-06-03
    days on market $199,900 Active 18 DOM
12. 2026-06-02
    days on market $199,900 Active 17 DOM
13. 2026-06-01
    days on market $199,900 Active 16 DOM
14. 2026-05-31
    days on market $199,900 Active 15 DOM
15. 2026-05-30
    days on market $199,900 Active 14 DOM
16. 2026-05-13
    listed $199,900 Active
17. 2025-11-05
    historical $1,750
18. 2025-08-05
    listed $1,750
19. 2017-12-07
    historical 600-char remark

    Show marketing remark (600 chars)

    Nicely updated house on a large lot with great curb appeal. Updated kitchen with new cabinets, granite counters, and stainless steel appliances. New carpet and flooring throughout the house, paint, and fixtures. New windstorm garage door with opener. 2 bedrooms and a bath upstairs and 2 bedrooms downstairs. French doors lead to a large fenced backyard with a nice patio. Lots of closet space throughout the house. Recent roof and exterior paint. The landscaped front yard has a large oak providing shade over the yard. Desirable Flour Bluff schools nearby and just a short drive to the boat launch.

20. 2017-12-06
    soldstatus Closed 600-char remark

    Show marketing remark (600 chars)

    Nicely updated house on a large lot with great curb appeal. Updated kitchen with new cabinets, granite counters, and stainless steel appliances. New carpet and flooring throughout the house, paint, and fixtures. New windstorm garage door with opener. 2 bedrooms and a bath upstairs and 2 bedrooms downstairs. French doors lead to a large fenced backyard with a nice patio. Lots of closet space throughout the house. Recent roof and exterior paint. The landscaped front yard has a large oak providing shade over the yard. Desirable Flour Bluff schools nearby and just a short drive to the boat launch.

21. 2017-12-06
    soldstatus

    Show marketing remark (600 chars)

    Nicely updated house on a large lot with great curb appeal. Updated kitchen with new cabinets, granite counters, and stainless steel appliances. New carpet and flooring throughout the house, paint, and fixtures. New windstorm garage door with opener. 2 bedrooms and a bath upstairs and 2 bedrooms downstairs. French doors lead to a large fenced backyard with a nice patio. Lots of closet space throughout the house. Recent roof and exterior paint. The landscaped front yard has a large oak providing shade over the yard. Desirable Flour Bluff schools nearby and just a short drive to the boat launch.

22. 2017-11-16
    status Pending 600-char remark

    Show marketing remark (600 chars)

    Nicely updated house on a large lot with great curb appeal. Updated kitchen with new cabinets, granite counters, and stainless steel appliances. New carpet and flooring throughout the house, paint, and fixtures. New windstorm garage door with opener. 2 bedrooms and a bath upstairs and 2 bedrooms downstairs. French doors lead to a large fenced backyard with a nice patio. Lots of closet space throughout the house. Recent roof and exterior paint. The landscaped front yard has a large oak providing shade over the yard. Desirable Flour Bluff schools nearby and just a short drive to the boat launch.

23. 2017-10-31
    historical Option Period 600-char remark

    Show marketing remark (600 chars)

    Nicely updated house on a large lot with great curb appeal. Updated kitchen with new cabinets, granite counters, and stainless steel appliances. New carpet and flooring throughout the house, paint, and fixtures. New windstorm garage door with opener. 2 bedrooms and a bath upstairs and 2 bedrooms downstairs. French doors lead to a large fenced backyard with a nice patio. Lots of closet space throughout the house. Recent roof and exterior paint. The landscaped front yard has a large oak providing shade over the yard. Desirable Flour Bluff schools nearby and just a short drive to the boat launch.

24. 2017-10-28
    listed $139,900 Active 600-char remark

    Show marketing remark (600 chars)

    Nicely updated house on a large lot with great curb appeal. Updated kitchen with new cabinets, granite counters, and stainless steel appliances. New carpet and flooring throughout the house, paint, and fixtures. New windstorm garage door with opener. 2 bedrooms and a bath upstairs and 2 bedrooms downstairs. French doors lead to a large fenced backyard with a nice patio. Lots of closet space throughout the house. Recent roof and exterior paint. The landscaped front yard has a large oak providing shade over the yard. Desirable Flour Bluff schools nearby and just a short drive to the boat launch.

25. 2017-09-15
    soldstatus
26. 2017-09-14
    historical 272-char remark

    Show marketing remark (272 chars)

    Great family home, needs work. Both bathrooms are updated with new tile and granite. Great neighborhood and schools. A/C outside new last year also inside coils replaced. Large room in attic could be made into fifth bedroom. Seller will not do any repairs. As is where is.

27. 2017-09-14
    soldstatus Closed 272-char remark

    Show marketing remark (272 chars)

    Great family home, needs work. Both bathrooms are updated with new tile and granite. Great neighborhood and schools. A/C outside new last year also inside coils replaced. Large room in attic could be made into fifth bedroom. Seller will not do any repairs. As is where is.

28. 2017-08-22
    status Pending 272-char remark

    Show marketing remark (272 chars)

    Great family home, needs work. Both bathrooms are updated with new tile and granite. Great neighborhood and schools. A/C outside new last year also inside coils replaced. Large room in attic could be made into fifth bedroom. Seller will not do any repairs. As is where is.

29. 2017-07-26
    listed $95,000 Active 272-char remark

    Show marketing remark (272 chars)

    Great family home, needs work. Both bathrooms are updated with new tile and granite. Great neighborhood and schools. A/C outside new last year also inside coils replaced. Large room in attic could be made into fifth bedroom. Seller will not do any repairs. As is where is.

30. 2004-03-08
    soldstatus $68,623

ⓘ 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: $4,516 · $376/mo
• Projected year-2 tax: $4,516 · $376/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 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 28 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: $29,627
• − Mortgage interest: −$11,198
• − Property taxes: −$4,516
• − Insurance: −$1,000
• − Repairs & maintenance: −$2,370
• − Management: −$2,370
• − Depreciation: −$5,815
• Taxable income: $2,359
• Est. tax owed @ 24.0%: −$566
• After-tax cash flow: $4,745/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: Flour Bluff ISD
• NCES district ID: 4819380
• Math proficiency: 43% ▼ -12.00%
• Reading proficiency: 51% ▼ -2.00%
• Median HH income: $57,162
• Composite: 40.96/100
• National rank: #3604
• State rank: #209 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): 29,790
• Household income: $92,445
• Rent vs Own: 31.8% rent · 68.2% own
• Severe rent burden: 808.0

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 White (61%)
• Race & ethnicity: White 61% Hispanic / Latino 29% Two or more races 19% Asian 3% Black 3%
• Hispanic origin (detail): Mexican 25%
• Common ancestry: Romanian 2% Lithuanian 2% Slovak 2%
• Foreign-born: 7% · Canada, China
• Languages at home: 83% English-only · Spanish 14% Tagalog/Filipino 2%

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: ▼ -168.81%
• Current HPI: 193.902
• Rent YoY: ▼ -0.57%
• 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

+191.3% since first listed

15 events — show timeline

• 2026-05-13 Listed $199,900 CBMLS
• 2025-11-05 Rental Removed $1,750 CBMLS
• 2025-08-05 Listed for Rent $1,750 CBMLS
• 2017-12-07 Delisted — CBMLS
• 2017-12-06 Sold (Public Records) — Public Records
• 2017-12-06 Sold (MLS) — CBMLS
• 2017-11-16 Pending — CBMLS
• 2017-10-31 Contingent — CBMLS
• 2017-10-28 Listed $139,900 CBMLS
• 2017-09-15 Sold (Public Records) — Public Records
• 2017-09-14 Delisted — CBMLS
• 2017-09-14 Sold (MLS) — CBMLS
• 2017-08-22 Pending — CBMLS
• 2017-07-26 Listed $95,000 CBMLS
• 2004-03-08 Sold (Public Records) $68,623 Public Records

Property tax history

+6.5%/yr

Latest (2025): $4,516 · +6.4% YoY. Source: county tax records.