602 Clover Lane
About This Property
Looking for a move-in ready investment or lake escape? This fully updated 3-bedroom, 2-bath double-wide offers the perfect blend of comfort, style, and rental income potential-just minutes from the shores of Possum Kingdom Lake!
Step inside to find new flooring throughout, modern vanities, and beautiful ceramic tile shower surrounds. The open-concept layout is ideal for entertaining or relaxing after a day on the lake. Step out to a covered patio and enjoy morning coffee or evening sunsets overlooking the generously sized .21-acre backyard.
This property is VRBO-ready with most furnishings conveying-making it a seamless short-term rental or weekend getaway. Bonus alert: a massive 14x60 storage building with a brand-new front roll-up door and side access gives you plenty of space for boats, ATVs, or all your lake toys.
Tucked in a quiet, welcoming neighborhood just minutes from boat ramps, fishing, and outdoor recreation, this home checks every box-whether you're looking for a smart investment, personal escape, or both.
Lake life is calling-don't miss out!
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Oct 7, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Sep 20, 2025 | Price Decreased |
$175,000
↓ $10K
(5.4%) | |
| Price Decreased | |||
| Sep 9, 2025 | Price Decreased |
$185,000
↓ $60K
(24.5%) | |
| Price Decreased | |||
| May 28, 2025 | Listed by Possum Kingdom Real Estate | $245,000 | |
| Listed by Possum Kingdom Real Estate | |||
| Mar 25, 2025 | Delisted | - | |
| Delisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017