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$265,000

401 Island Avenue, Port Isabel, TX, 78578

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths2 Bath
Baths880 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$301.14 / sqft
Year BuiltBuilt in 2026

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Half 1Bathrooms Half 1

Exterior

Lot Size1,477 sqft

Building Information

Year Built1985
Stories1

Land Information

APN47-6000-0080-0601-00
SubdivisionOyster Cove Condos 1
Land UseResidential
Legal DescriptionOYSTER COVE CONDOS I UNIT 60-A BLDG H & BOAT SLIP #60, 1.90015% INT IN COM AREA
Census Tract012304
Assessed Land Value$41,857
Assessed Improvement Value$135,157
Assessment Year2025

Investor Tools

$88,134Estimated Mortgage Balance
$94,866Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,590 /month
Positive
Cash Flow Estimate:
$530 /month

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Melba Meyn

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$346/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,240
$145,354
2025
$41,857
$135,157
$177,014
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,240
$145,354

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Citizens Bank Na
Conventional
$99,000
No
First
Feb 5, 2021
Mar 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$88,134
$94,866
51%
48%
$594/mo

City: Port Isabel

401 Island Avenue | Property Details | No Agent List