Home For Sale near Canyon Lake
Investor opportunity at 1235 Skylark in Canyon Lake! This income-producing property features three residences on one lot-two mobile homes and one modular home-offering multiple revenue streams in a high-demand Hill Country rental market. Two of the homes are currently leased long-term for a combined $2,475/month, while the third operates as a short-term rental with pro forma income bringing total projected rents to approximately $3,675/month ($44,100 annually). It also has one more buildable space for another unit to be added. At the asking price of $325,000, the property offers an estimated gross cap rate of approximately 9.5%, making it a compelling option for investors seeking strong cash flow and diversification between long- and short-term rental strategies. Whether you're expanding a rental portfolio or looking for a value-add opportunity in the Canyon Lake market, 1235 Skylark delivers immediate income with upside potential in one of the fastest-growing recreational areas in Central Texas.Property Details
- Beds: 8
- Baths: 0.0
- Sq Feet: 3208
- Year Built: 2005
- Location: Canyon Lake
- Acres: 0.806
- County: Comal County
- Community: Waterfront Park
- Heat/AC: Electric (Heating)
- Siding: Clapboard
- Roof: Mixed
- Stories: 1
- Property Taxes: $5,043
- MLS #: 607035
Location
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Contact Information:
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Listing Agent: Sarah McDaniel, Greenbelt Realty, 979-308-1385, 979-308-1385 Listing Site, Listing Status: Active
Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Ad Statistics:
| Ad Number : | 7389905 |
| Viewed: | 8 times |
| Added: | Mar 11, 2026 |
| Updated on: | Mar 11, 2026 |
| All information provided is deemed reliable but is not guaranteed and should be independently verified. | |
