About This Home

Multiple offers have been received, highest and best are due 9/23/2026 by 10 am. This 3 bedroom, 2 bathroom home is situated on a tree trimmed Cul de sac lot and features a 2 car carport, decks off the front and side doors, open concept kitchen to the living room with a fireplace, interior laundry area and primary bedroom separate from the secondary bedrooms. There is also a storage shed on the exterior. Schedule an appointment to see this one today!

At $64/sqft, this home is 75% below the Lago Vista active market average of $257/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

21605 Cheyenne Cv, Lago Vista, TX 78645

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Property Details

Price $99,900

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,568 sqft

Lot Size 0.43 acres (18,556.56 sqft)

Year Built 1993

Garage ,

Stories ,

Type Residential · Manufactured Home

Subdivision Bar-K Ranches 03

County Travis

Zip Code 78645

$/sqft $64/sqft

Days on Market ,

HOA $50/Annually

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT246834797

List Date September 15, 2026

Elementary School Lago Vista

Middle School Lago Vista

High School Lago Vista

School District ,

Have Questions About This Property?

Luke Allen (TREC #788149) has deep knowledge of Lago Vista and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Similar Homes on the Market in Lago Vista

Comparable Listings Right Now

Homes currently for sale in Lago Vista with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed

7107 Cowpoke Trl
Bar-K Ranches 03 $82,000 $42 4 bd / 3 ba 1,960 sqft , 2026-08-05

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent

$480/mo

0.48% rule · conservative Austin est.

Gross Yield

5.77%

Annual rent ÷ purchase price

Cap Rate (est.)

3.46%

NOI after 40% vacancy + expenses

Down Payment

$19,980

20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$480

Principal + Interest−$545

Property Tax (~2.1% TX avg)−$175

Insurance (~0.5%)−$42

Est. Monthly Cash Flow $-282

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Lago Vista, TX

Lago Vista sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E

Apple Campus (Domain) 20-30 min N

Google / Meta / Indeed 10-15 min downtown

Dell Medical School / UT Austin 10-20 min

Samsung Austin Semiconductor 25 min N

About the Author

Luke Allen

Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019

★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on September 21, 2026.

📞 (254) 718-2567 [email protected] More about Luke →

21605 Cheyenne Cv

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Lago Vista, TX

More Luxury Homes in Lago Vista

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