1303 Marcela Drive Weslaco, TX 78599
Recently built fourplex with modern amenities and steady rental demand.
Property Features for 1303 Marcela Drive
General Information
- Standard status
- Active
- Size
- 3,990 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2023
Listing office Big Realty
Listing date Nov 15, 2024
Source Crexi
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Investment Insights
Based on property information with market context.
Key Highlights
- New construction (2023) in a gated community.
- Four individual units, each with 2 beds and 2 baths.
- Each unit has private fenced backyards, washer/dryer, and appliances included.
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 | $56.0k | $14.04 |
| − Vacancy | −$6.2k | −$1.55 |
| EGI | $49.8k | $12.49 |
| − OpEx | −$15.0k | −$3.75 |
| NOI | $34.9k | $8.74 |
