Last 24 Hours
$385,000
NAL Estimated Property Value111 E MORNINGSIDE DR. 208, SOUTH PADRE ISLAND, TX, 78597
Off Market
2 Beds
2 Bath
1,040 Sq Ft
$152.88 / sqft
Built in 1988Property Lead Type:
Off-Market ListDeal ListAbsentee OwnerHigh Equity
Highlights
Interior
Bedrooms 2
Bathrooms Full 2AppliancesElectric Water Heater
FlooringCarpet, Tile
Exterior
Exterior FeaturesBalcony
Lot Size1,498 sqft
Building Information
Year Built1988
Stories1
Roof Type114
Land Information
APN67-6910-0020-0208-00
SubdivisionPadre Oasis Condominiums
Land UseResidential
Legal DescriptionUNT 208 BLD 1 PADRE OASIS CONDOMINIUMS PLUS 3.333 % INT IN COM AREA (LOTS 7-12BLK 179 FIESTA ISLES)
Census Tract012305
Assessed Land Value$54,000
Assessed Improvement Value$318,938
Assessment Year2025
About this property
PRICED TO SELL-BELOW CCAD 2015 ASSESSED/MARKET VALUE!! Condo, 2BR/2BA, fully furnished; carpet/tile flooring; large Balcony overlooking pool area. Condo Complex amenities include: pool; hot tub; laundry areas; elevators; lush tropical landscaping; and on-site Property Manager. Rental restriction: 7 day minimum.
Investor Tools
$385,000
Estimated Property Value
$0Estimated Mortgage Balance
$385,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,310 /month
Positive
Cash Flow Estimate:
$770 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$689/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,342
$372,938
2025
$54,000
$318,938
$372,938
No
Tax History
Year
Tax Paid
Assessed Value
2025
$6,342
$372,938
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$385,000
100%
0%
$0/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,300/mo
N/A
+$1,300/mo
4.1%
12.4%