Listed by RE/MAX Dallas Suburbs
$575,000
1505 Kanakoa Drive S, Tool, Tx 75143
Details
Property Type Hospitality
Sub Type Airbnb, VRBO
Square Footage 2,400
Keys 11
Pro-Forma Cap Rate 10.78%
Pro-Forma NOI $62,000
Year Built 1980
Stories 2
Acreage 0.326
Sale Condition For sale by owner
Turnkey VRBO Waterfront Gem — Owner Financing Available!
Marketing description
This is the lakefront income machine investors chase — and it’s priced $55,000 under the recent appraisal. A sprawling 3‑bed, 3‑bath retreat with massive guest capacity, killer lake views, and a layout that keeps VRBO calendars full.
🏡 Standout Features
- Sleeps up to 15 — two masters, bunk room, and two living spaces
- Rustic‑luxury vibe with wood floors, exposed beams, cedar ceilings
- Wall‑to‑wall windows framing the lake
- Gourmet kitchen with double ovens and solid‑surface counters
- Wrap‑around porch + outdoor kitchen zone
- Boathouse with electric lifts and full yard irrigation
- Oversized concrete drive
💰 Investor Advantages
- Owner financing: low rate, low down, no origination fees
- VRBO‑ready — start earning immediately
- Waterfront appreciation running 3–5% annually
- Light cosmetic updates could push value toward $1M
Investment highlights
🏡 Lakefront Investment Opportunity — Owner Financing Available This turnkey, fully furnished lake retreat delivers instant income potential with flexible owner‑financing options, including below‑market interest rates and a low down payment—structured to create immediate positive cash flow.
💸 Why This Property Works
- Priced $55,000 under recent appraisal
- Sleeps up to 15 guests comfortably
- Proven VRBO rates averaging $500/night with 250+ booked days per year
- Proforma shows that at $500/night, even 12–14 nights/month generates $6,000–$7,000/month gross, supporting a double‑digit cap rate depending on expenses
- Year‑round appeal with beautiful seasonal lake views and outdoor amenities
🌟 Bonus Value
- Owner financing = no origination fees, flexible terms, and the ability to start booking immediately
- Enjoy personal use while generating rental income—a vacation home that pays for itself
- Perfect for investors expanding their STR portfolio or buyers wanting a lake home with real financial upside.
Listing Contacts
Listed by RE/MAX Dallas Suburbs
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Is there information that looks off?
