B+

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Owner Contacts

$188,000

5806 Circulo DR 15, Lago Vista, TX, 78645

Off Market

4 Beds

3 Bath

1,576 Sq Ft

Condos / Townhouses

$158.57 / sqft

Built in 1971

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4

Bathrooms Full 3

Indoor Fireplace

Garage Available

Heating

Cooling

Exterior

Lot Size937 sqft

Building Information

Year Built1971

Stories2

Roof Type183

Garage Spaces2

Land Information

APN01748006040000

Lot Number15

SubdivisionOverlook Villa North Amended

Land UseResidential

Legal DescriptionUNT 15 BLD B OVERLOOK VILLA NORTH PLUS 2.777% INT IN COMMON AREA

Census Tract037300

Assessed Land Value$60,000

Assessed Improvement Value$118,794

Assessment Year2025

About this property

Bonus studio unit with separate entrance! Perfect for owner occupant or investor. Third story rooftop deck with gorgeous sunset views! Both units have been completely updated. The upper level 3 bed, 2 bathroom unit features new LVP throughout, fresh paint and updated light fixtures. The primary bathroom and additional full bathroom have been completely remodeled. This space is ready for you to move in and enjoy! The main level has a laundry closet with new washer and dryer, as well as two carport spaces and a large storage room. The unit belongs to two HOAs - one for the condo at $377/month (includes water) and one for the Lago Vista Property Owners Association at $200 ANNUALLY. Excellent amenities including golf course, marina, boat launch, fitness center, fishing well, campground, pools and so much more. Check out the LVPOA website. See supplements for rent roll, full list of upgrades, and additional HOA information. Tenant is paying $700 a month + $125 a month for utilities and the lease expires on 3/31/2023.

Investor Tools

$188,000

Estimated Property Value

$0Estimated Mortgage Balance

$188,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,499 /month

Positive

Cash Flow Estimate:

$500 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$525/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$5,362

$178,794

2025

$60,000

$118,794

$178,794

Tax History

Year

Tax Paid

Assessed Value

2024

$5,362

$178,794

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$188,000

100%

$0/mo

Learn About the Market: Opportunity in Texas

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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.

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