615 Waterfront Row
About This Property
Enjoy outdoor living on the approximately 350-square-foot wraparound covered deck, complete with ceiling fans and lighting. The 12' x 20' workshop has water and electricity, including a 220-volt outlet. The washer and dryer are negotiable.
Water, sewer, and electricity are already in place for an RV, including a 50-amp hookup. A 14' x 12' RV cover is situated on a gently sloped pea-gravel parking pad. An additional highlight is the included SRA leaseback extending to a creek that connects to Lake Fork.
Low HOA dues of just $52 per month provide access to an impressive selection of resort-style amenities, including fishing piers, boat ramps, stocked fishing ponds, a saltwater swimming pool, multiple playgrounds, a basketball court, horseshoe pits, and covered picnic areas with BBQ grills. The community also hosts holiday celebrations, monthly potlucks, Bunco nights, chair yoga, and weekly social clubs, creating a friendly and welcoming atmosphere year-round.
Community water is supplied through a dual-well filtration system. Water and sewer service each begin at just $65 per month, plus usage. High-speed internet is available through satellite and fiber-optic providers. Whether you are looking for a full-time residence, weekend retreat, or income-producing property, this Lake Fork property offers a rare combination of outdoor living, community amenities, and convenient lake access.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 6, 2026 | Listed by Real Broker, LLC | $177,500 | |
| Listed by Real Broker, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017