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$334,000

NAL Estimated Property Value

5973 State Highway 361 Apt 230, Port Aransas, TX, 78373

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,040 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$364.42 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Half 2Bathrooms Half 2
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size4,530 sqft

Building Information

Year Built1984
Roof Type172

Land Information

APN4060-0000-0230
SubdivisionLa Mirage Condo
Land UseResidential
Legal DescriptionLA MIRAGE CONDO, UNIT 230, 0.80% COMMON AREA INTEREST
Census Tract006205
Assessed Land Value$81,864
Assessed Improvement Value$200,803
Assessment Year2025

About this property

Take a look at this awesome turnkey condo at the refurbished La Mirage Condo. This is a 2 bedroom and 2-bathroom unit that has beach and water views for your enjoyment. It has been updated with light fixtures, plumbing, wiring, bathroom fixtures, tiled showers, cabinets, and countertops. The AC has a Coastal Carrier condenser. La Mirage has 2 pools (1 is heated) and a sports court for your pleasure. Come take a look at this amazing property and enjoy all that Port Aransas has to offer. Seller will contribute to the Buyer, up to $5,000 towards Buyers Closing Cost, with an acceptable offer.

Investor Tools

Property Icon
$334,000
Estimated Property Value
$259,508Estimated Mortgage Balance
$74,492Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,274 /month
Positive
Cash Flow Estimate:
$758 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$402/month
No HOA
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
Simmons Bank
Commercial
$277,500
No
First
Oct 11, 2022
Oct 2027

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$259,508
$74,492
22%
78%
$1,664/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,490/mo
$1,664/mo
$-174/mo
5.4%

Learn About the Market: Opportunity in Texas

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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.

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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 Aransas

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5973 State Highway 361 Apt 230 | Property Details | No Agent List