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Days97Days on Market
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$299,000

1235 Skylark Drive, Canyon Lake, TX, 78133

$388,700 ARVInfo
On MarketInfo
Beds8 Beds
Baths4 Bath
Baths3,208 Sq Ft
Manufactured HomeManufactured Home
price_per_sqft$93.2 / sqft
Year BuiltBuilt in 2005

Highlights

Interior

Bedrooms 8Bedrooms 8
Bathrooms 4Bathrooms 4
AppliancesDishwasher, Electric Range, Disposal, Microwave, Refrigerator
FlooringCarpet, Laminate, Vinyl

Exterior

Lot Size35,122 sqft

Building Information

Year Built2005
Stories1

Land Information

APN56-0220-0228-00
Lot Number222R
SubdivisionWaterfront Park
Land UseResidential
Legal DescriptionWATERFRONT PARK, LOT 222R
Census Tract310613
Assessed Land Value$143,590
Assessed Improvement Value$192,670
Assessment Year2025

About this property

Seller will consider offering a seller second lien up to $90,000 with acceptable terms. 3 Rental Income Producing Units! This income-producing property features 3 residences on one lot—2 mobile homes and 1 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. 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.

Investor Tools

Property Icon
$336,260
Estimated Property Value
$0Estimated Mortgage Balance
$336,260Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$388,700
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,018 /month
Positive
Cash Flow Estimate:
$673 /month

Interested in this property?

Sarah McDaniel

Greenbelt Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$504/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,372
$336,260
2025
$143,590
$192,670
$336,260
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,372
$336,260

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$336,260
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Canyon Lake

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1235 Skylark Drive | Property Details | No Agent List