1235 Skylark Drive

Investor opportunity at 1235 Skylark in Canyon Lake! This income-producing property features three residences on one lot—two mobile homes and one modular home—offering multiple revenue streams in a high-demand Hill Country rental market. Two of the homes are currently leased long-term for a combined $2,475/month, while the third operates as a short-term rental with pro forma income bringing total projected rents to approximately $3,675/month ($44,100 annually). It also has one more buildable space for another unit to be added. At the asking price of $325,000, the property offers an estimated gross cap rate of approximately 9.5%, making it a compelling option for investors seeking strong cash flow and diversification between long- and short-term rental strategies. Whether you’re expanding a rental portfolio or looking for a value-add opportunity in the Canyon Lake market, 1235 Skylark delivers immediate income with upside potential in one of the fastest-growing recreational areas in Central Texas.