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20615 Falcon
About This Property
Step inside to a bright, open-concept layout with a beautiful kitchen that serves as the heart of the home, offering modern finishes, ample cabinetry, and great flow for entertaining. The spacious living and dining areas open to an expansive covered porch where you can take in breathtaking views and enjoy the peaceful Hill Country setting.
The private primary suite offers a large walk-in closet and a well-appointed bathroom with a walk-in shower, creating a comfortable retreat at the end of the day. Additional features include a water softener and smart layout for easy living.
Located in the Lago Vista community, residents enjoy access to Lake Travis waterfront parks, boat ramps, golf course, fitness center, pool, and more, making this an ideal full-time residence, second home, or investment opportunity.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 2, 2026 | In contract | - | |
| In contract | |||
| Mar 13, 2026 | Listed by Real Broker, LLC | $339,000 | |
| Listed by Real Broker, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017