Last 24 Hours
$299,500
NAL Estimated Property Value118 E DOLPHIN ST. 28, SOUTH PADRE ISLAND, TX, 78597
Off Market
About this property
RESIDENTIAL LOT! Customize and build your dream home or investment property on this 50' X 100' Lot on the East side of South Padre Island. Lot is zoned B2 for residential or multi-family use. Lot has retaining walls on three sides and dirt grade has been elevated for construction. Short walk to the beach and the Blue Marlin Supermarket. Survey is available. Lot is located between Townhouses on the West side and Dolphins Condominiums Complex on the East side-See Location Aerial Photo. Seller has Duplex construction plans completed. Take a look!
Investor Tools
$299,500
Estimated Property Value
$0Estimated Mortgage Balance
$299,500Estimated Equity
100% equity
Estimated Cap Rate
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,797 /month
Positive
Cash Flow Estimate:
$599 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%
12.4%