850 Choctaw
About This Property
This property offers direct access to a well known popular lake of Lake Fork, this beautiful lake is ranked third in the Bassmaters magazine list, of the best bass lakes of 2025. You will have access to the private boat ramp and fishing pier, plus community perks like a saltwater pool, fishing ponds, clubhouse, putt-putt, and more!
The neighboring lot is currently for sale as well, offering a rare opportunity to purchase both properties in separate transactions and create additional space or future potential.
Community amenities include gated entry, fishing piers, boat ramps, clubhouse, saltwater pool, playground, mini golf, basketball court, and picnic tables. This community is perfect for full-time living, weekend getaways, or investment opportunities.
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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 15, 2026 | Listed by THE RIGHT REALTORS LLC | $145,000 | |
| Listed by THE RIGHT REALTORS LLC | |||
| Sep 7, 2026 | No longer available | - | |
| No longer available | |||
| Jul 10, 2026 | Price Decreased |
$145,000
↓ $23K
(13.7%) | |
| Price Decreased | |||
| Jun 15, 2026 | Price Decreased |
$168,000
↓ $8K
(4.6%) | |
| Price Decreased | |||
| Feb 15, 2026 | Price Decreased |
$176,000
↓ $24K
(12%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017