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$257,000

3404 American Dr Apt 2106, Lago Vista, TX, 78645

$281,516 ARVInfo
On MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,182 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$217.43 / sqft
Year BuiltBuilt in 1987

Property Lead Type:

Must-SellAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Energy Star Qualified Appliances, Exhaust Fan, Electric Range, Free Standing Range, Disposal, Microwave, Oven, Refrigerator, Self Cleaning Oven
FlooringCarpet Free, Laminate, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesBarbecue, Boat Slip, Rain Gutters, Tennis Courts, Arbor
Lot Size10,511 sqft

Building Information

Year Built1987
Stories1
Garage Spaces2

Land Information

APN01689003880000
Lot Number2106
SubdivisionIsland On Lake Travis Condominium Amende
Land UseResidential
Legal DescriptionUNT 2106 ISLAND ON LAKE TRAVIS CONDOMINIUM AMENDED THE PLUS .5659 % INT IN COM AREA
Census Tract037400
Assessed Land Value$84,088
Assessed Improvement Value$225,724
Assessment Year2025

About this property

*$30k price improvement* Discover the epitome of lakeside living with this incredible Lake Travis North Shore waterfront condo at The Island. Fully-updated and sold fully-furnished, this turnkey lock & leave condo boasts a successful professionally-managed short-term rental (STR) history, making it an ideal investment or vacation retreat (financials available). This spectacular unit features east-facing views providing pleasant afternoon shade, fresh paint throughout with updated indoor and outdoor furniture and fixtures, granite counters, tile and hardwood flooring (no carpet), a soaking tub with a separate shower, crown molding throughout, and comfortably sleeps and rents up to 6 people. Located in the second phase of The Island, this condo is steps away from top-notch amenities, including an active community center, 3 pools (including an indoor lap pool), dry sauna, 3 hot tubs, tennis courts, a fitness center, a full-service spa, and an on-site restaurant. Enjoy your days surfing, swimming, and boating on the waters of stunning Lake Travis with the ease of the condo's 26' boat slip (available for purchase outside of condo sale). Condo and boat slip can be rented as an STR per the Island COA regulations.

Investor Tools

$241,284Estimated Mortgage Balance
$68,528Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$281,516
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,859 /month
Positive
Cash Flow Estimate:
$620 /month

Interested in this property?

Kimberly Zipfel

The Marye Company

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$695/month
$692/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,793
$309,812
2025
$84,088
$225,724
$309,812
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,793
$309,812

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Independent Bank
Conventional
$266,250
No
First
Jun 21, 2021
Jul 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$241,284
$68,528
22%
78%
$1,597/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,690/mo
$2,289/mo
$-599/mo
6.5%

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 2106 | Property Details | No Agent List