304 Retama Lane Weslaco, TX 78596
Fourplex in gated community with modern finishes and carports.
Property Features for 304 Retama Lane
General Information
- Standard status
- Active
- Size
- 3,074 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2022
Listing office Landin Realty
Listing date Jul 5, 2024
Source Crexi
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Investment Insights
Based on property information with market context.
Key Highlights
- Fully leased fourplex with professional property management option
- Located in a gated multifamily subdivision (Airport Heights)
- Features a mix of unit sizes: 2 units with 2 bedrooms/2 baths and 2 units with 1 bedroom/1 bath
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 | $43.2k | $14.04 |
| − Vacancy | −$4.8k | −$1.55 |
| EGI | $38.4k | $12.49 |
| − OpEx | −$11.5k | −$3.75 |
| NOI | $26.9k | $8.74 |
