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21500 Falcon LN
About This Property
Set in one of Lago Vista's prettiest areas, the surrounding streets are flat, shady, and lined with mature trees, making this a popular spot for neighborhood walking groups and morning or evening strolls. Enjoy lake views and convenient access to Lago Vista's extensive POA amenities, including multiple waterfront parks, boat ramps, pools, fitness centers, sports courts, and more.
Lago Vista is also a golf course community, adding another way to enjoy the outdoors close to home. Whether you're looking for a full-time residence, weekend getaway, or simply a great home base for days spent boating and exploring Lake Travis, this location makes enjoying the lake lifestyle easy. Come experience the shade, scenery, water access, and relaxed pace that make this pocket of Lago Vista special.
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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 |
|---|---|---|---|
| Aug 28, 2026 | Listed by eXp Realty, LLC | $78,000 | |
| Listed by eXp Realty, LLC | |||
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About Highland Lake Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017