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$306,000

NAL Estimated Property Value

401 ISLAND AVE., PORT ISABEL, TX, 78578

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths800 Sq Ft
price_per_sqft$122.49 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
FlooringCarpet, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
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%

City: PORT ISABEL