1301 Davis Lane
About This Property
shopping, dining, and everything Terrell has to offer. Inside, you'll find a thoughtfully updated interior with
timeless farmhouse charm. The home features an inviting living space, a formal dining room for
entertaining, a bright breakfast area overlooking the property, and a spacious flex room ready to fit your
lifestyle. Whether you need a home office, fitness room, playroom, media room, or second living area, the
possibilities are endless.
Step outside and imagine your mornings with coffee in the private courtyard or evenings spent enjoying
the peaceful surroundings. The acreage offers room to roam, garden, keep animals, or simply enjoy the
privacy of country living.
Adding even more value, the property includes two parcel IDs, creating exciting possibilities for future use
or investment. A large storage building with electricity provides ample space for a workshop, equipment,
RV or boat storage, and an RV hookup is already in place for added convenience. Whether you're looking
for space to grow, room for your hobbies, or a peaceful place to call home without sacrificing convenience,
this unique property offers endless opportunities to make it your own.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Oct 8, 2026 | Price Decreased |
$580,000
↓ $5K
(0.9%) | |
| Price Decreased | |||
| Sep 9, 2026 | Price Decreased |
$585,000
↓ $5K
(0.9%) | |
| Price Decreased | |||
| Aug 27, 2026 | Relisted | $590,000 | |
| Relisted | |||
| Jul 20, 2026 | In contract | - | |
| In contract | |||
| Jul 10, 2026 | Listed by Keller Williams Rockwall | $590,000 | |
| Listed by Keller Williams Rockwall | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017