907 Beachside Drive
About This Property
This move-in-ready Lake Front home sits on 2 spacious lots and has been thoughtfully updated with new flooring, freshly painted walls and ceilings, updated toilets, new ceiling fans, electrical switch covers, and a recently serviced AC. Located near Lake Palestine, the property offers the perfect blend of comfort and potential-you can even build your own dock! Whether you're looking for a full-time residence or a peaceful weekend getaway, this property checks all the boxes. No dock but on 2 lots. No Survey. Buyer will need to purchase.
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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 |
|---|---|---|---|
| Oct 24, 2025 | Sold | ||
| Sold | |||
| Oct 11, 2025 | In contract | - | |
| In contract | |||
| Aug 27, 2025 | Price Decreased |
$175,000
↓ $24K
(12.1%) | |
| Price Decreased | |||
| Jul 25, 2025 | Listed by Compass RE Texas, LLC | $199,000 | |
| Listed by Compass RE Texas, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017