210 Versilia Cir is a freestanding one story villa in Villas at
Tuscan Village, an age-restricted 55 plus community in Lakeway. The
residence was built in 2013 and contains 1,805 square feet with 2
bedrooms and 2 baths, plus an attached 2 car garage of
approximately 420 square feet, on a platted lot of 0.2372 acre.
Ownership is condominium. The unit is fully detached and shares no
walls with a neighboring residence. County records assign the
improvement a Grade A quality factor and note a fireplace, a tile
hip roof and a slab foundation. Exterior finishes are stucco with
limestone veneer in a Mediterranean design. Association assessments
cover landscaping, road maintenance, exterior pest control, upkeep
of the community amenities, concierge services and a social
membership to Rough Hollow Yacht Club. Community amenities include
a 9,000 square foot clubhouse with a fitness center, an aerobics
and yoga studio, heated outdoor lap pool and heated spa seating up
to 20, trails, and a two acre park with pickleball and bocce
courts. There is no private pool on the property. Water and
wastewater service is provided by Travis County Water Control and
Improvement District No. 17. The property is in Lake Travis ISD.
Buyer to verify all measurements, square footage, room count,
assessments and restrictions.
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.
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