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$306,000

NAL Estimated Property Value

401 ISLAND AVE., PORT ISABEL, TX, 78578

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths800 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$122.49 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2

Exterior

Lot Size2,953 sqft

Building Information

Year Built1985
Stories1
Roof Type114

Land Information

APN47-6000-0010-0020-00
SubdivisionOyster Cove Condos 1
Land UseReal Property Single Family - Condo
Legal DescriptionOYSTER COVE CONDOS I UNIT A-2 BLDG A & BOAT SLIP #1, 3.80028% INT IN COM AREA
Census Tract012304
Assessed Land Value$80,714
Assessed Improvement Value$164,523
Assessment Year2025

About this property

Light and cheerful 2 bedroom condo on the channel. Well-maintained and nicely finished out with wood kitchen cabinetry and tasteful decor. A fisherman's dream with DEEDED boat slip right off the back, or simply keep as your perfect getaway place to relax. Enjoy fabulous tropical breezes from the private balcony, or lounge by the sparkling pool and hot tub. Gated community provides that and gated entry, assigned covered parking and additional parking for trailers, etc. All this, with convenient shopping and restaurants close by and island activities only minutes away! Now, this is AFFORDABILITY on the waterfront! OWNER FINANCING also available on agreed terms.

Investor Tools

Property Icon
$306,000
Estimated Property Value
$0Estimated Mortgage Balance
$306,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,836 /month
Positive
Cash Flow Estimate:
$612 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$583/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,466
$245,237
2025
$80,714
$164,523
$245,237
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,466
$245,237

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$306,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$893/mo
N/A
+$893/mo
3.5%

Learn About the Market: Opportunity in Texas

Local Market Pages
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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: PORT ISABEL

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401 ISLAND AVE. | Property Details | No Agent List