537 La Bota
About This Property
This east-facing lot captures beautiful morning sunrises and offers the perfect orientation for your future back porch or patio. Minimum 2,000 sqft required-bring your own builder and create a custom retreat tailored to your lifestyle.
Richland Chambers Lake is the third largest inland lake in Texas, boasting over 44,000 acres of recreational water fun-from boating and watersports to some of the best fishing in the state. All this just 60 minutes south of Dallas, making it a convenient weekend escape or full-time waterfront lifestyle.
Arrowhead Subdivision is known for its quality homes, peaceful setting, and easy access to the lake's main body. Whether you're planning your forever home or a private getaway, this rare lakefront lot checks every box. Come explore the possibilities and make your lake life dream a reality!
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Cap Rate Calculator
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 26, 2025 | Sold | ||
| Sold | |||
| Aug 29, 2025 | In contract | - | |
| In contract | |||
| Aug 12, 2025 | Price Decreased |
$239,000
↓ $11K
(4.4%) | |
| Price Decreased | |||
| Jul 23, 2025 | Price Decreased |
$250,000
↓ $7K
(2.7%) | |
| Price Decreased | |||
| May 23, 2025 | Relisted | $257,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017