21210 Portsmouth Cove, Lago Vista, TX
Fully leased, income-producing new construction duplexes with amenities.
- Added:
- Jun 18, 2024
- Days on Market:
- 721
- Last Refresh:
- May 20 at 9:45 pm
Property Features for 21210 Portsmouth Cove
General Information
- Standard status
- Active
- Size
- 11,608 SF
- Lot size
- 0.69 Acres
- Property subtype
- OFFICE
Listing agent Shelly Morgan License #509529
Listing office Don Quick & Associates, Inc. (512) 255-3000
Listing date Jun 18, 2024
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Don Quick & Associates, Inc.
HighLights
- Fully leased income producing properties
- New construction duplexes, each unit boasts 1,451 SF with 3 beds and 2.5 baths
- 2 car garage per unit
- Includes access to docks and parks
- Can be packaged with other units (1‑4 units)
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $292.5k | $25.20 |
| − Vacancy | −$14.5k | −$1.24 |
| EGI | $278.1k | $23.96 |
| − OpEx | −$83.4k | −$7.19 |
| NOI | $194.6k | $16.77 |
Alternative Uses
Current Use by Public Records
Map
- City
- Lago Vista
- County
- Travis
- State
- Texas
- Longitude
- -97.9883
- Latitude
- 30.4602
