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$290,000

For Sale - Active
14434 E Cabana St Apt 319, Corpus Christi, TX 78418
2 Beds
2 Baths
1,006 Square Feet
0.03 Acres Lot
Built in 1985
For Sale - Active
Units n/a
Checked: 24 hours ago
Updated: Aug 19, 2025 at 01:23PM

Investment Summary


Monthly Cash Flow
-$1,091
Cap Rate
1.2%
Cash-on-Cash Return
-19.6%
Debt Coverage Ratio
0.20
Internal Rate of Return (5 years)
-15.0%

Property Description


0.03 Acres Lot
Built in 1985
For Sale - Active
Units n/a

Island Living with a View! This 2 bedroom, 2 bathroom third-floor condo offers breathtaking canal views on North Padre Island. Fully furnished and move-in ready, this unit features interior updates, a deeded boat slip, and an assigned covered parking space. Enjoy the convenience of a central location near the beach, shopping, and dining. Ideal for a weekend retreat, full-time residence, or income-producing short-term rental. The complex features a community pool and water access. Don’t miss your chance to live the island life!

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Location


Property Details


Parking

  • Description: Covered, Carport, Other, OnStreet
  • Details: Attached Carport
  • Garage Spaces: 0
  • Spaces Total: 1

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Stories: 3

Exterior Features

  • Exterior Walls Materials: Combination
  • Foundation: Slab
  • Roof Material: Metal

HOA

  • Has HOA: Yes
  • HOA Fee: $645/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 834400000319
  • Lot Size: 1346 sqft

Property Information

  • Property Type: Condominium
  • Style: Other
  • Year Built: 1985

Tax Information

  • Annual Tax: $5,444

Utilities

  • Water & Sewer: Public
  • Heating: Electric
  • Cooling: Electric

Location

  • County: Nueces

Listing Details


Listed by:
Laura Marie MacDonald
Keller Williams Coastal Bend
(361) 445-9246

Source:
Houston Association of REALTORS
MLS#: 89376761
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$1,091
Cap Rate
1.2%
Cash-on-Cash Return
-19.6%
Debt Coverage Ratio
0.20
Internal Rate of Return (5 years)
-15.0%

Purchase Details

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Purchase price:
$290,000
Amount financed:
-$232,000
Down payment:
$58,000
Closing costs:
$8,700
Rehab costs:
$0
Initial cash invested:
$66,700
Square feet:
1,006
Cost per square foot:
$288
Monthly rent per square foot:
$1.99

Financing Details

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Loan amount:
$232,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,372
Property tax:
$454
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,966

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (23%)
23%-$454-$5,444
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (32%)
32%-$645-$7,740
Total operating expenses: (80%)
80%-$1,599-$19,184

Cash Flow


Monthly Yearly
Net operating income:
$281 $3,372
Mortgage payments:
-$1,372 -$16,464
Cash flow:
$1,091 $13,092