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21807 O'Henry Ave
About This Property
As an added bonus, the property includes plans for a stunning modern home that are ready to go. Use the existing plans to jump-start your project, or bring your own custom design and create the home you've always envisioned.
Zoned R1-B with a minimum build requirement of 1,500 square feet, this community is restricted to site-built homes only-no manufactured homes or barndominiums-helping preserve the neighborhood's appeal and long-term property values.
Located within the Lago Vista Property Owners Association, you'll enjoy access to an incredible array of amenities, including nine waterfront parks, four boat ramps, two fitness centers, a swimming pool, pickleball courts, tennis courts, basketball courts, hiking trails, disc golf, and endless opportunities to enjoy the Lake Travis lifestyle.
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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 |
|---|---|---|---|
| Jun 18, 2026 | Listed by eXp Realty, LLC | $45,000 | |
| 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