0 Excalibur Trail
About This Property
Beautiful 10.5 acre lot in the gated Indian Lake Community. This property has nice tall hardwoods & it's located at the end of a cul de sac. The topography is flat which will help save money on dirt work when you start building your dream home. Towards the back of the property there is a nice winding creek which creates a tranquil setting. Indian Lake is a professionally managed lake that's endorsed by Jimmy Houston. The community has a beautiful pavilion & boat dock with slips that are free for all property owners to use. If you're looking for a wonderful community within 2 hours to Nashville or Memphis, you've found it!
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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 |
|---|---|---|---|
| Sep 18, 2026 | Price Decreased |
$19,995
↓ $40K
(66.7%) | |
| Price Decreased | |||
| Sep 7, 2026 | Price Decreased |
$60,000
↓ $39K
(39.4%) | |
| Price Decreased | |||
| Jul 20, 2026 | Listed by Tennessee Valley Realty and Investment Group, PLLC | $99,000 | |
| Listed by Tennessee Valley Realty and Investment Group, PLLC | |||
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Lot 250 is a beautifully developed lakefront level lot in the gated Indian Lake Community. The property has incredible lake views & it comes with a floating dock that has composite decking on the main section. There is already a gravel driveway installed to the potential build site. Here's a great place to build your dream home or fishing cabin in a highly sought after community. The Indian Lake Community has a professionally managed lake where there's great fishing, kayaking or just a place to enjoy the peace & quiet in a park like setting.
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| Jun 6, 2026 | Price Decreased |
$22,995
↓ $7K
(23.1%) | |
| Price Decreased | |||
| Mar 6, 2026 | Listed by Tennessee Valley Realty and Investment Group, PLLC | $29,900 | |
| Listed by Tennessee Valley Realty and Investment Group, PLLC | |||
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Private 1.3 acre lot with a seasonal view of Indian Lake. The lot is already developed with a driveway base, partially cleared & a septic permit that has been filed with the state. The seller is a custom home builder & would love to build your dream home or fishing cabin. The beautiful Indian Lake Community is gated with a 100 acre professionally managed lake endorsed by Jimmy Houston. The utility services available are: electric, natural gas & fiber optic internet. The community has a club house, pavilion & community dock with slips that are free for all property owners to use. There are neighborhood cookouts, 4th of July fireworks & get togethers at the clubhouse to watch ballgames & movies. Come check out this affordable lot in a wonderful community where neighbors become family. For more information or a showing call Shane Bowen with TN valley Realty & Investment group, PLLC at 901-336-0553.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017