Lots 8 & 13 Cambridge Drive
About This Property
Even better, some of the important groundwork has already been completed. An individual water meter and electric service are installed, helping move you one step closer to building. With a minimum build size of just 960 square feet, you have the flexibility to create anything from an easy-to-maintain weekend lake getaway to a larger custom waterfront home. The wooded setting provides natural character and shade, while the property's terrain creates opportunities to position your future home to capture beautiful water views through the trees. Located on a private road outside the city limits, the property combines a quieter lake setting with established subdivision infrastructure.
Located in Southside Shores on Richland Chambers Lake in Streetman, Texas, property owners enjoy community lake access and a boat ramp, making it easy to launch the boat and spend the day fishing, cruising or simply enjoying the water. Whether your vision is a full-time lake home or a weekend escape, these two waterfront lots offer the rare combination of nearly an acre, extensive shoreline, mature trees, installed utilities and direct lake access-all ready for the next chapter of lake life.
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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 |
|---|---|---|---|
| Aug 7, 2026 | Listed by RE/MAX Lakeside Dreams | $289,000 | |
| Listed by RE/MAX Lakeside Dreams | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017