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$1,275,000

For Sale - Active
21005 Fawn Ridge Dr, Lago Vista, TX 78645
4 Beds
4 Baths
3,357 Square Feet
0.00 Acres Lot
Built in 2004
For Sale - Active
Units n/a
Checked: 23 hours ago
Updated: Jun 18, 2025 at 03:04AM

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$3,523
Cap Rate
3.0%
Cash-on-Cash Return
-14.4%
Debt Coverage Ratio
0.47
Internal Rate of Return (5 years)
-9.9%

Property Description


0.00 Acres Lot
Built in 2004
For Sale - Active
Units n/a

Step into your dream home located on just under 1/2 acre in the serene lake community of Lago Vista! This stunning 4 bed, 4 bath luxury residence boasts exquisite designer finishes, including gorgeous Saltillo tile. Upon entering you will be welcomed by soaring ceilings, an open-concept layout, and expansive windows that flood the home with natural light. The gourmet kitchen features high-end appliances including a built-in microwave and second oven, custom cabinetry, and a large center island perfect for entertaining. Take pleasure in dining in a spacious dining area, while relishing in the panoramic views of the hill country. The generous living room includes an attractive fireplace, and leads directly onto the upper balcony, the perfect place to take in phenomenal sunsets. The primary suite is situated on the main level, with private access to the balcony. The spa-like ensuite bath includes a double vanity, inviting soaking tub and a separate walk in shower. A secondary bedroom and full bath are also conveniently located on the main floor. The lower level of the home offers a second living area that leads out onto an oversized covered deck. Two additional bedrooms and two intricately designed full baths are also located on this level. The resort-style, heated infinity pool provides year round enjoyment! A 3 car garage allows for plenty of space for cars, entertaining areas and/or a workshop. The 2 sets of washers and dryers located in this area convey with the sell of the home. For ease of lawn maintenance, an automatic sprinkler system services both the front and back yards. Owning this home includes membership to the Lago Vista POA, allowing exclusive access to 9 private waterfront parks, basketball court, boat ramps, campground, disc golf course, fishing well, fitness center, hiking trail, marinas, parks, pavilions, pool, athletic field, tennis courts, pickle ball courts, playgrounds and more! This property can also be used as an STR.

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Location


Property Details


Parking

  • Description: Attached, DoorMulti, Driveway, Garage, GarageDoorOpener, InsideEntrance, Oversized, GarageFacesSide
  • Garage Spaces: 3
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 4
  • # of Baths (Partial): 1
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 3
  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

  • Foundation: Slab
  • Roof Type: Hip
  • Roof Material: Composition, Shingle
  • Pool: Yes
  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • Association: Lago Vista POA
  • HOA Fee: $240/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 0178780346
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Other, SeeRemarks
  • Year Built: 2004

Tax Information

  • Annual Tax: $0

Utilities

  • Heating: Central, Propane
  • Cooling: Ceiling Fan(s), Central Air, Electric

Location

  • County: Travis

Listing Details


Listed by:
Emily A. Dieckmann
eXp Realty - Austin
(512) 645-4000

Source:
Central Texas MLS (CTXMLS)
MLS#: 572507
Central Texas MLS (CTXMLS)

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$3,523
Cap Rate
3.0%
Cash-on-Cash Return
-14.4%
Debt Coverage Ratio
0.47
Internal Rate of Return (5 years)
-9.9%

Purchase Details

Find an Agent

Purchase price:
$1,275,000
Amount financed:
-$1,020,000
Down payment:
$255,000
Closing costs:
$38,250
Rehab costs:
$0
Initial cash invested:
$293,250
Square feet:
3,357
Cost per square foot:
$380
Monthly rent per square foot:
$1.37

Financing Details

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Loan amount:
$1,020,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$6,677
Property tax:
$0
Insurance:
$322
Private mortgage insurance (PMI):
$0
Monthly payment:
$6,999

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$4,600 $55,200
Vacancy loss: (6%)
6% -$276 -$3,312
Operating income:
$4,324 $51,888

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$322-$3,864
Property management: (8%)
8%-$368-$4,416
Repairs & maintenance: (5%)
5%-$230-$2,760
Capital expenditures: (5%)
5%-$230-$2,760
HOA fees: (0%)
0%-$20-$240
Total operating expenses: (25%)
25%-$1,170-$14,040

Cash Flow


Monthly Yearly
Net operating income:
$3,154 $37,848
Mortgage payments:
-$6,677 -$80,124
Cash flow:
$3,523 $42,276