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22221 Brierwood Drive
About This Property
Brierwood Bay is known for its welcoming lake community feel, and this lot stands out with its waterfront positioning and accessible layout. Mobile homes are allowed, giving you added versatility in how you choose to develop the property while still benefiting from deed restrictions that help maintain the area's appeal. The annual HOA helps support the community, ensuring a well-kept environment for residents and visitors alike. Conveniently located just a short drive from Tyler and surrounding areas, you'll enjoy the tranquility of lakeside living without sacrificing access to shopping, dining, and everyday essentials. Imagine mornings by the water and evenings under the East Texas sky-this property is ready to bring that vision to life. Don't miss your chance to secure a piece of Lake Palestine and create something truly special.
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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 1, 2026 | Price Decreased |
$89,000
↓ $11K
(10.9%) | |
| Price Decreased | |||
| Jul 6, 2026 | Listed by Keller Williams Realty-Tyler | $99,900 | |
| Listed by Keller Williams Realty-Tyler | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017