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$282,667

NAL Estimated Property Value

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

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,040 Sq Ft
price_per_sqft$264.42 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

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

Exterior

Private PoolPrivate Pool
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

Property Icon
$282,667
Estimated Property Value
$185,028Estimated Mortgage Balance
$97,639Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,696 /month
Positive
Cash Flow Estimate:
$565 /month

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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
$185,028
$97,639
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 Apt 307 | Property Details | No Agent List