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$249,000

5973 State Highway 361 307, Port Aransas, TX, 78373

$263,974 ARVInfo
On MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,040 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$239.42 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Must-SellAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Oven, Electric Range, Disposal, Refrigerator, Dryer, Washer
FlooringTile

Exterior

Private PoolPrivate Pool
Exterior FeaturesHot Tub Spa
Lot Size4,530 sqft

Building Information

Year Built1984
Roof Type172

Land Information

APN4060-0000-0307
SubdivisionLa Mirage Condo
Land UseResidential
Legal DescriptionLA MIRAGE CONDO, UNIT 307, 0.80% COMMON AREA INTEREST
Census Tract006205
Assessed Land Value$81,864
Assessed Improvement Value$200,803
Assessment Year2025

About this property

Beautiful beachfront 2 bedroom 2 bathroom condo with piece of ocean side view is where you can "Live Your Beach Life" . All new flooring, shower tile & tub, new kitchen backsplash, countertops. Comes turnkey completely furnished, fully equipped kitchen. Short term allowed. Remodeled after Harvey. Two pools (one heated), 2 hot tubs, pickleball, game room, beach boardwalk access. La Mirage rental management with 70/30 split, no self rent or third party rental.

Investor Tools

$184,690Estimated Mortgage Balance
$97,977Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$263,974
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,696 /month
Positive
Cash Flow Estimate:
$565 /month

Interested in this property?

Carolyn Walker

Keller Williams Coastal Bend

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$381/month
$1,374/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,157
$282,667
2025
$81,864
$200,803
$282,667
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,157
$282,667

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lone Star Capital Bank Na
Commercial
$200,000
No
First
Apr 7, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$184,690
$97,977
34%
65%
$1,200/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,490/mo
$2,574/mo
$-1,084/mo
6.3%

City: Port Aransas

5973 State Highway 361 307 | Property Details | No Agent List