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$298,000

15121 Kokomo Dr, Corpus Christi, TX, 78418

On MarketInfo
Beds2 Beds
Baths1 Bath
Baths726 Sq Ft
price_per_sqft$410.47 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Half 1Bathrooms Half 1
AppliancesDishwasher, Electric Oven, Electric Range, Free Standing Range, Disposal, Microwave, Refrigerator, Dryer, Washer
FlooringTile

Exterior

Private PoolPrivate Pool
Exterior FeaturesDock, Other, Sport Court, Landscaping
Lot Size1,481 sqft

Building Information

Year Built2020
Roof Type105

Land Information

APN0291-0001-0140
Lot Number14
SubdivisionAruba P.U.D
Land UseResidential
Legal DescriptionARUBA P.U.D. BLK 1 LOT 14
Census Tract006205
Assessed Land Value$26,808
Assessed Improvement Value$258,147
Assessment Year2025

About this property

This fully furnished two-bedroom, one bath townhome is in one of the newer complexes in the area. Aruba Bay is the first resort style property on North Padre Island located conveniently on Lake Padre and within walking distance to the Gulf of Mexico. if you are looking for an investment, the townhome has everything needed for short-term rentals. Guests can enjoy a stress-free vacation with plenty to do for everyone - pickle ball, gym, boat docks, club house, game room music and two pools. Also, an excellent location for fishing; very easy access to the Laguna Madre and the Gulf of Mexico. Boat slips on site available for rental. This is the perfect spot to spend a weekend or summer vacation. Unit is currently available for short term rentals.

Investor Tools

$284,744Estimated Mortgage Balance
$21,256Estimated Equity
6% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,836 /month
Positive
Cash Flow Estimate:
$612 /month

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Sheila Beach

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$692/month
$690/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,772
$284,955
2025
$26,808
$258,147
$284,955
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,772
$284,955

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
International Bank Of Commerce
Conventional
$296,000
No
First
Feb 21, 2023
Mar 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$284,744
$21,256
6%
93%
$1,871/mo

City: Corpus Christi