Last 24 Hours
$188,000
NAL Estimated Property Value1214 Trout Ave Apt 2, PORT ISABEL, TX, 78578
Off Market
2 Beds
1 Bath
686 Sq Ft
$284.26 / sqft
Built in 1995Property Lead Type:
Off-Market ListAbsentee OwnerHigh EquityCash Buyers
Highlights
Interior
Bedrooms 2
Bathrooms Full 1AppliancesElectric Water Heater
FlooringTile
Exterior
Exterior FeaturesBalcony
Lot Size1,115 sqft
Building Information
Year Built1995
Stories1
Roof Type114
Land Information
APN47-5510-0070-0020-00
Lot Number1,S
SubdivisionBimini Cove Condominiums
Land UseResidential
Legal DescriptionUNT 2 BIMINI COVE CONDOMINIUMS PLUS 10.1 % INT IN COM AREA LOTS 1-A, 1 & 2 BLK 7B MODERN VENICE, 10.100% INT IN COM AREA
Census Tract012304
Assessed Land Value$34,290
Assessed Improvement Value$29,749
Assessment Year2025
About this property
Cozy two-bedroom condo right on the channel has beautiful views and a relaxing atmosphere. A covered boat slip is an added value for boating enthusiasts or anyone who enjoys water activities. Casting right from the common decking makes it easy to enjoy time outdoors. Bimini Cove is a Winter-Texan favorite which translates into long-term rent while you're away during the winter season.
Investor Tools
$188,000
Estimated Property Value
$0Estimated Mortgage Balance
$188,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,170 /month
Positive
Cash Flow Estimate:
$390 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$197/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,427
$64,039
2025
$34,290
$29,749
$64,039
No
Tax History
Year
Tax Paid
Assessed Value
2025
$1,427
$64,039
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$188,000
100%
0%
$0/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$893/mo
N/A
+$893/mo
5.7%
12.4%