4008 Constitution DR
About This Property
>>> This property was formerly platted with 3 total adjacent properties, with the address of 4006 Constitution Drive, Lago Vista Tx, 78645. Travis County legally separated the three properties AS OF January 2024. Please note that all prior history in TCAD, or any other tax entity, reflects data for when all three properties were combined prior to 2024. Title company provided "ESTIMATED" tax info for MLS purposes. These are estimates only. Also, buyer should be aware that they will likely need to apply for an "official" address since the three properties were once known as 4006 Constitution Dr. This can be done online via https://www.austintexas.gov/page/911-addressing, at buyer's expense. Agent and brokerage not to be held liable for any inaccuracies regarding these recent changes to the properties.
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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%.
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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 |
|---|---|---|---|
| Feb 4, 2024 | Listed by Venture Partners R.E. | $54,000 | |
| Listed by Venture Partners R.E. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017