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$287,203

3404 American Dr Apt 1201, Lago Vista, TX, 78645

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths705 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$395.74 / sqft
Year BuiltBuilt in 1987

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
AppliancesConvection Oven, Dishwasher, Dryer, Electric Range, Microwave, Double Oven, Refrigerator, Washer/Dryer, Electric Water Heater
FlooringTile

Exterior

Private PoolPrivate Pool
Exterior FeaturesUncovered Courtyard, Gas Grill, Lighting, Outdoor Grill, Tennis Court(s)
Lot Size6,268 sqft

Building Information

Year Built1987
Stories1
Roof Type112
Garage Spaces1

Land Information

APN01689003300000
Lot Number1201
SubdivisionIsland On Lake Travis Condominium Amende
Land UseResidential
Legal DescriptionUNT 1201 ISLAND ON LAKE TRAVIS CONDOMINIUM AMENDED THE PLUS .3375 % INT IN COM AREA
Census Tract037400
Assessed Land Value$50,146
Assessed Improvement Value$237,057
Assessment Year2025

About this property

RENOVATED 1 bedroom, 1 bath beautifully condo in The Island at Lake Travis, a 212 unit gated villa community in Lago Vista. Enjoy panoramic lakefront views from your first floor poolside villa. It is fully turn key, and is being sold fully furnished. Short Term Rentals are allowed. The elegant condo includes a reserved parking spot in the covered garage and 1 extra storage area for your lake toys. A private boat dock in the marina can be purchased separately. Enjoy amenities like lake access, 3 swimming pools, including an indoor heated lap pool, a fitness center, day spa, saunas, tennis courts, on-site restaurant/bar and picnic/grilling area. Boat slip is available for separate purchase, #408, a 24' slip including TREX patio, dock box, and paddle board hooks (boat lift not included), call for price.

Investor Tools

Property Icon
$287,203
Estimated Property Value
$142,500Estimated Mortgage Balance
$159,577Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,723 /month
Positive
Cash Flow Estimate:
$574 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$602/month
$400/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,792
$287,203
2025
$50,146
$237,057
$287,203
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,792
$287,203

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Quicken Loans Llc
Conventional
$142,500
No
First
Dec 1, 2020
Dec 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$127,880
$159,323
55%
45%
$855/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,440/mo
$1,256/mo
+$184/mo
6.0%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Lago Vista

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3404 American Dr Apt 1201 | Property Details | No Agent List