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$128,400

5973 State Highway 361 Apt 121, Port Aransas, TX, 78373

$166,920 ARVInfo
On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,250 Sq Ft
price_per_sqft$102.72 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Must-SellDeal ListARV FlipAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Cooktop, Electric Oven, Electric Range, Free Standing Range, Microwave, Refrigerator, Dryer, Washer
FlooringTile

Exterior

Private PoolPrivate Pool
Exterior FeaturesDeck
Lot Size5,401 sqft

Building Information

Year Built1984
Roof Type172

Land Information

APN4060-0000-0121
SubdivisionLa Mirage Condo
Land UseResidential
Legal DescriptionLA MIRAGE CONDO, UNIT 121, 0.95% COMMON AREA INTEREST
Census Tract006205
Assessed Land Value$97,200
Assessed Improvement Value$79,300
Assessment Year2025

About this property

INCREDIBLE OPPORTUNITY! This 3-bedroom, 2-bath condo offers 1,250 square feet of spacious coastal living and features an assumable SBA loan at an exceptional 3.3% interest rate—a rare advantage in today's market. Step inside to find a large open-concept living and dining area that flows directly onto an oversized private balcony where you can relax and enjoy Gulf views and breathtaking sunsets. Located on the desirable south side of La Mirage, this unit is ideally positioned near the center of the complex for convenient access to amenities while maintaining a peaceful setting. The kitchen comes fully equipped with all appliances, including refrigerator, range, dishwasher, and microwave. A full-size washer and dryer are also included. Major updates provide added peace of mind, with an AC system and water heater installed within the past 2 years. Whether you're searching for a vacation retreat, investment property, or both, this condo checks all the boxes. Short-term rentals are allowed and encouraged, creating excellent income-producing potential when you're not enjoying the property yourself. La Mirage offers resort-style amenities including two swimming pools (one heated), two hot tubs, sauna, sports court, game and gathering room, private beach access, and four elevators for added convenience. Move-in ready and competitively priced, this is your chance to own a piece of the Texas coast while taking advantage of a financing opportunity that is nearly impossible to find today.

Investor Tools

$439,113Estimated Mortgage Balance
$280,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$166,920
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,680 /month
Positive
Cash Flow Estimate:
$560 /month

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Brian Jones

Home Team of America

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$377/month
$1,350/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,124
$176,500
2025
$97,200
$79,300
$176,500
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,124
$176,500

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United States Small Business Admin
Sba Participation Trust Deed
$505,800
No
First
Oct 28, 2019
May 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$439,113
N/A
0%
157%
$3,033/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,950/mo
$4,383/mo
$-2,433/mo
8.4%

City: Port Aransas

5973 State Highway 361 Apt 121 | Property Details | No Agent List