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Canyon Lake STR Portfolio | 4 Homes 185 Hidden Dr 4 Unit Apartment Building $1,099,900 ($274,975/Unit) 9.09% Cap Rate Canyon Lake, TX 78133
Executive Summary
Rare opportunity to acquire four newly constructed homes in Canyon Lake at a basis that is significantly below typical home prices in the area.
At approximately $275K per home, this offering allows investors to acquire four units for less than the cost of one typical Canyon Lake property.
Short Term Rental Opportunity:
The homes are configured for short term rental use and delivered vacant, allowing a new owner to complete final touches, furnish, and bring the portfolio online efficiently.
Market performance supports:
Nightly rates in the $200+ range
Typical occupancy of 40% to 50%
Stronger performance for well-positioned 3 bedroom homes
Revenue Profile (Annual)
Average: $30K to $40K per unit
Strong operator: $45K to $55K per unit
Top tier: $60K+ per unit
Portfolio potential:
$120K to $220K+ annual revenue
Estimated NOI: ~$75K to $130K+
Base case supports approximately $100K NOI (~$8K per month)
• Unit 1: 3 Bed / 2 Bath – 1,066 sq ft
• Unit 2: 3 Bed / 2 Bath – 1,490 sq ft
• Unit 3: 3 Bed / 2 Bath – 1,490 sq ft
• Unit 4: 3 Bed / 2.1 Bath – 2,104 sq ft
At approximately $275K per home, this offering allows investors to acquire four units for less than the cost of one typical Canyon Lake property.
Short Term Rental Opportunity:
The homes are configured for short term rental use and delivered vacant, allowing a new owner to complete final touches, furnish, and bring the portfolio online efficiently.
Market performance supports:
Nightly rates in the $200+ range
Typical occupancy of 40% to 50%
Stronger performance for well-positioned 3 bedroom homes
Revenue Profile (Annual)
Average: $30K to $40K per unit
Strong operator: $45K to $55K per unit
Top tier: $60K+ per unit
Portfolio potential:
$120K to $220K+ annual revenue
Estimated NOI: ~$75K to $130K+
Base case supports approximately $100K NOI (~$8K per month)
• Unit 1: 3 Bed / 2 Bath – 1,066 sq ft
• Unit 2: 3 Bed / 2 Bath – 1,490 sq ft
• Unit 3: 3 Bed / 2 Bath – 1,490 sq ft
• Unit 4: 3 Bed / 2.1 Bath – 2,104 sq ft
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$200,000
|
$22.97
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$200,000
|
$22.97
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$100,000
|
$11.49
|
| Net Operating Income |
$100,000
|
$11.49
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $200,000 |
| Annual Per SF | $22.97 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $200,000 |
| Annual Per SF | $22.97 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $100,000 |
| Annual Per SF | $11.49 |
| Net Operating Income | |
|---|---|
| Annual | $100,000 |
| Annual Per SF | $11.49 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | - | - |
| 4+3 | 1 | - | - |
| 5+3 | 1 | - | - |
1 1
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 22-0228-0002-00 | Improvements Assessment | $1,065,665 (2025) |
| Land Assessment | $92,030 (2025) | Total Assessment | $1,157,695 (2025) |
Property Taxes
Parcel Number
22-0228-0002-00
Land Assessment
$92,030 (2025)
Improvements Assessment
$1,065,665 (2025)
Total Assessment
$1,157,695 (2025)
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AssetlyOne LLC
Canyon Lake STR Portfolio | 4 Homes | 185 Hidden Dr
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