








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in Canyon Lake at 538 Oak Shores Dr, Canyon Lake, TX, 78133 projects strong ROI of 5.1%. Rental yield 3.62%. With 5% annual appreciation, the property builds $712,806 in value over five years. Equity growth combined delivers a projected five-year ROI of 24.61%, translating into $205,732 in total cumulative return on $835,920 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Single Family
Built in 2013
1.18 Acres lot
$N/A/sqft
$770 annually HOA
Neighborhood data shown for ZIP Code: 78133, Canyon Lake, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,329 (100%) |
| Owner Occupied HU | 8,320 (67.5%) |
| Renter Occupied HU | 1,369 (11.1%) |
| Vacant Housing Units | 2,640 (21.4%) |
| Median Home Value | $475,760 |
| Average Home Value | $540,572 |
Residential
11,204
Single Family
11,203
Multi-Family
1
Businesses
655
Date | Event | Price |
|---|---|---|
| 2025-02-04 | Price change | $2,580,000 |
| 2024-03-12 | Price change | $2,610,000 |
| 2024-02-08 | Listed for sale | $2,750,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-26 | $23839.68 | -22.42% | $1,617,660 | -21.50% |
| 2023-06-26 | $30730.16 | -8.46% | $2,060,650 | 3.34% |
| 2022-06-26 | $33569.02 | 56.40% | $1,994,070 | 66.76% |



What's Special
Pull Down Stairs
Listed by: Tammy Scott • Classic Hill Country Realty
Mls Name: Central Texas MLS
Mls Provider:
Mls ID: #533167
Disclaimer: Listing and property data is from an Internet Data Exchange (IDX) provided by the Central Texas MLS. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 Central Texas MLS, All Rights Reserved.