5006 Lohmans Ford Road
About This Property
This is unrestricted, ETJ land. It's 10.5 acres of relatively flat, some rolling hills that allow lake views from the property. Easy access from Lohman Ford; right in the heart of Lago Vista.
Suitable for multi family, a single-family estate, strip center, agriculture and farm, camping, hotel, subdivide for a small community, RV park, mobile homes...... anything that comes to mind.
There is a septic on the property and a well, but the current owners have never used either one. There is a possibility to annex into the city of Lago Vista. The tax rate is very low on ETJ land.
Lago Vista is a fast growing city. A+ rated schools!
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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 |
|---|---|---|---|
| Dec 27, 2023 | Sold | ||
| Sold | |||
| Mar 17, 2023 | Listed by Keller Williams Realty C. P. | $2,100,000 | |
| Listed by Keller Williams Realty C. P. | |||
| | |||
|
This lot could be used for anything! It’s across from Lago Vista high school and would be a great place for the youth to convene after school or could be a multi family complex. Both are drastically needed in the Lago Vista area.
This is unrestricted, ETJ land. It’s 10.5 acres of relatively flat, some rolling hills that allow lake views from the property. Easy access from Lohman Ford; right in the heart of Lago Vista.
Suitable for multi family, a single-family estate, strip center, agriculture and farm, camping, hotel, subdivide for a small community, RV park, mobile homes…... anything that comes to mind.
There is a septic on the property and a well, but the current owners have never used either one. There is a possibility to annex into the city of Lago Vista. The tax rate is very low on ETJ land.
Lago Vista is a fast growing city. A+ rated schools!
| |||
| Jan 11, 2023 | No longer available | - | |
| No longer available | |||
| Mar 11, 2022 | In contract | - | |
| In contract | |||
| Mar 9, 2022 | No longer available | - | |
| No longer available | |||
Property Highlights
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Listed On
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About Travis
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Last Updated: 4 months ago
Data Source: HAR , MLS# 66068292
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