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$361,000

NAL Estimated Property Value

5973 State Highway 361 Apt 436, Port Aransas, TX, 78373

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,040 Sq Ft
price_per_sqft$360.58 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

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

Exterior

Private PoolPrivate Pool
Exterior FeaturesTennis Court(s)
Lot Size4,530 sqft

Building Information

Year Built1984
Roof Type172

Land Information

APN4060-0000-0436
SubdivisionLa Mirage Condo
Land UseResidential
Legal DescriptionLA MIRAGE CONDO, UNIT 436, 0.80% COMMON AREA INTEREST
Census Tract006205
Assessed Land Value$81,864
Assessed Improvement Value$251,399
Assessment Year2025

About this property

Beachfront beauty! This remodeled 2 bdrm, 2 bath condo at the newly updated La Mirage is the real deal—a true beachfront unit with unobstructed Gulf views that stretch for miles. From the moment you walk in, you're greeted by front-row water views from the kitchen, dining & living areas. The open-concept layout makes the most of the scenery & a huge shaded deck off the living room gives you even more space to soak it all in. The big updated island kitchen features granite counters, stainless appliances & a cute tile backsplash. Both bedrooms have private ensuite baths & the owner’s suite has its own glass sliders out to the shaded patio so you can wake up to those incredible views year 'round. Beach friendly tile flooring throughout. This unit isn't currently in rent so it's pristine & ready to go, but rental units in the complex gross almost $50k/year if income's your thing! Resort-style amenities include 2 pools (one heated), hot tub, sport & pickleball courts, beach walkover, BBQ areas, elevators, game/meeting room & covered, assigned parking. Whether you're investing or just indulging, this beachfront gem delivers the full Gulf-front experience!

Investor Tools

Property Icon
$361,000
Estimated Property Value
$143,293Estimated Mortgage Balance
$217,707Estimated Equity
60% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,250 /month
Positive
Cash Flow Estimate:
$750 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$387/month
$1,374/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,844
$333,263
2025
$81,864
$251,399
$333,263
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,844
$333,263

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Conventional
$168,000
No
First
Dec 14, 2018
Dec 2033

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$143,293
$217,707
60%
40%
$1,008/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,490/mo
$2,382/mo
$-892/mo
5.0%

City: Port Aransas

5973 State Highway 361 Apt 436 | Property Details | No Agent List