1321 Joscelyn Drive, Edinburg, TX 78539
Brand-new fourplex with high-end finishes, near UTRGV.
- Added:
- Oct 23, 2024
- Days on Market:
- 595
- Last Refresh:
- May 12 at 8:55 pm
Property Features for 1321 Joscelyn Drive
General Information
- Standard status
- Active
- Size
- 4,116 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2024
Listing agent Avinaash Buxani License #TREC # 0712106
Listing office Encore Fine Properties
Listing date Oct 23, 2024
Source Crexi
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 Encore Fine Properties
HighLights
- Brand‑new construction (2024) with high‑end finishes.
- Prime investment opportunity: fourplex with two 3‑bed/2‑bath and two 2‑bed/2‑bath units.
- Close proximity to UTRGV (2 miles).
- Projected rental income: $1350 (3‑bed) and $1200 (2‑bed).
- Energy‑efficient features for low maintenance.
- 10‑foot ceilings and open floor plans.
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 | $56.8k | $13.80 |
| − Vacancy | −$1.6k | −$0.38 |
| EGI | $55.2k | $13.42 |
| − OpEx | −$16.6k | −$4.03 |
| NOI | $38.7k | $9.39 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Edinburg
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.1910325
- Latitude
- 26.3198181
