Amazing STR Opportunity in Lago Vista Texas

Description

🔥 HOT STR OPPORTUNITY FOR INVESTORS! 🔥 4 BED, 3 BATH 📈 IN LAGO VISTA, TX AS A SUBJECT TO FULLY REMODLED, AND ALL NEW POOL EQUIPTMENT AND PASTER 🤯

Current Asking Price is $530,000 ity
Last appraisal amoung as for 600,000 so 70k instant equity

Principle Balance $450,000
Arrears amount is 59,166.12
10k going to a second lien
10k to sellers
$74.166.12 to lock deal up plus closing costs

IF BUYERS WANTED HOME FURNISHED ADD ADDITIONAL $12,000 TO PURCHASE PRICE.

Current rate is 6.25% with interest payments at $2,343.23

Taxes are $12,000 a year an insurance is around $2400.

So full normal PITI IS $3,543.00

STR income is estimated around 78,000 for a year so rougly double the PITI.

Welcome to 20633 Highland Lake Drive in Lago Vista, Texas – a luxurious retreat where every day feels like a rejuvenating spa experience. This stunning home features a newly remodeled heated pool and hot tub, allowing you to swim year-round and unwind in the spa during the winter months. With a brand new plaster job in 2023, this home exudes quality and craftsmanship.

Step inside to discover all-new flooring, custom tile showers, stylish backsplashes, countertops, bathroom vanities, a jetted soaking tub, stainless steel appliances, fresh paint, and a new garage door. For added convenience, the house can also come fully furnished for an additional fee. Located just 0.2 miles from the beautiful Lake Travis, this property offers access to a private park, public pools, boat launches, docks, and more through the HOA.

The home was operationg as a cash-flowing short-term rental, but this home could also serve as a luxurious owner-occupied residence. Indulge in the crystalline waters of your private pool, relax in the warm embrace of the hot tub, and let your worries drift away in this peaceful oasis. Welcome to Lago Manor Pool House, where relaxation and luxury living blend seamlessly to create your own personal paradise.

Balloon due of $450k due October 2027
Single Family
Year built:1995- Remodeled 2023
All pool remodel Including Pool Plaster and Pool Equipment.
Beds: 4
Baths: 3
Heating: Forced air, Other
ElectricHeated Pool
Hottub all brand new
Cooling: Central
OtherParking: 2
Car garage +
Lot: .22 acres