Port Aransas, TX, 78373, Port Aransas, TX, 78373

Description

📍 Port Aransas, TX 78373 🏡 Charming Coastal Cottage with Assumable 2.75% Loan! 🛏️ 1 Bed | 🛁 2 Baths | 📐 Fully Furnished 🚫 No HOA 🏖️ STR Allowed – No Rental Restrictions 💥 EMD: $3,650 (1% of purchase price) 💰 Purchase Price: $365,000 • 💵 Down Payment: ~$73,000 (20%) • 📉 First Lien: ~$225,000 at 2.75% (assumable loan) • 🤝 Seller Carry (Second Lien): ~$67,000 at 5% • 🕒 Amortization: 20 Years • 🎯 Balloon: 2–3 Years 🔐 Estimated Entry Cost • 💵 Down Payment: $73,000 • 💥 Entry Fee: $5,000 (not included in price) • 🧾 Estimated Closing Costs: ~$10,000 ➡️ Total Entry: ~$88,000 💸 Estimated Monthly PITI • 💵 P&I (blended estimate): ~$1,750 • 🧾 Property Taxes: ~$496/year ≈ $41/month • 🔒 Insurance: ~$122/month ➡️ Estimated Total PITI: ~$1,913/month 🏷️ Highlights ✅ STR-Ready & Fully Furnished ✅ Prime Location in Port A ✅ Room for Boat or RV ✅ Tile Floors, Wood Fireplace, Limestone Construction ✅ Walkable to Beach, Restaurants, and Shops ✅ Rare 2.75% Assumable Mortgage 💰 Estimated Long-Term Rent Comps • $2,200–$2,600/month (subject to buyer’s due diligence) 🔄 Exit Strategies • Buy & Hold (STR, MTR, or LTR) • Refinance • Resell or Flip 📲 DM for financials or to walk the deal 📑 Assumable 2.75% loan + seller carry = creative ownership in prime coastal location!