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$129,900

For Sale - Active
3938 Surfside Blvd Unit 1319, Corpus Christi, TX 78402
1 Bed
1 Bath
420 Square Feet
0.00 Acres Lot
Built in 1981
For Sale - Active
Units n/a
Checked: 18 hours ago
Updated: Jun 05, 2025 at 03:19AM

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
$9
Cap Rate
5.8%
Cash-on-Cash Return
0.4%
Debt Coverage Ratio
1.01
Internal Rate of Return (5 years)
4.4%

Property Description


0.00 Acres Lot
Built in 1981
For Sale - Active
Units n/a

Sold fully furnished! Welcome to your coastal oasis, along the shores of North Beach. This coastal-inspired beachfront condo epitomizes seaside luxury. The living furnishings are perfect for unwinding after a beach day, while the sliding doors invite you onto the private balcony for views of the Bay. The kitchen features modern appliances, sleek countertops, & ample cabinet space. The bedroom is a haven of comfort, complete with a large closet & built-in shelving. Two built in bunkbeds allow for additional guest. The bathroom includes contemporary fixtures, shower/tub combo, & vanity with ample storage. Villa del Sol offers an array of amenities including a pool, hot tub, gated access, BBQ/Tiki area, covered parking, VB court & direct beach access. Located within walking distance from the Aquarium, Lexington & great dining. Enjoy walking/biking on the paved path that extends the entire Beach. You may also operate your condo as a short-term rental if you so choose.

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Location


Property Details


Parking

  • Description: Asphalt, Covered, Other
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 1

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 1.0

Interior Features

  • # of Stories: 3

Exterior Features

  • Exterior Walls Materials: Brick Veneer
  • Foundation: Slab
  • Roof Material: Built-Up
  • Pool: Yes

HOA

  • Has HOA: Yes
  • Association: VILLA DEL SOL HOA
  • HOA Fee: $480/monthly

Land Information

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

Lot Information

  • Parcel ID: 901900101319
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 1981

Tax Information

  • Annual Tax: $0

Utilities

  • Heating: Central, Electric
  • Cooling: Central Air

Location

  • County: Nueces

Listing Details


Listed by:
Megan Flores
Phyllis Browning Company
(210) 873-3953

Source:
San Antonio Board of REALTORS
MLS#: 1809520
San Antonio Board of REALTORS

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
$9
Cap Rate
5.8%
Cash-on-Cash Return
0.4%
Debt Coverage Ratio
1.01
Internal Rate of Return (5 years)
4.4%

Purchase Details

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Purchase price:
$129,900
Amount financed:
-$103,920
Down payment:
$25,980
Closing costs:
$3,897
Rehab costs:
$0
Initial cash invested:
$29,877
Square feet:
420
Cost per square foot:
$309
Monthly rent per square foot:
$3.81

Financing Details

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Loan amount:
$103,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$615
Property tax:
$0
Insurance:
$112
Private mortgage insurance (PMI):
$0
Monthly payment:
$727

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$1,600 $19,200
Vacancy loss: (6%)
6% -$96 -$1,152
Operating income:
$1,504 $18,048

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$112-$1,344
Property management: (8%)
8%-$128-$1,536
Repairs & maintenance: (5%)
5%-$80-$960
Capital expenditures: (5%)
5%-$80-$960
HOA fees: (30%)
30%-$480-$5,760
Total operating expenses: (55%)
55%-$880-$10,560

Cash Flow


Monthly Yearly
Net operating income:
$624 $7,488
Mortgage payments:
-$615 -$7,380
Cash flow:
$9 $108