149 Davis Lane
About This Property
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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 |
|---|---|---|---|
| Apr 24, 2026 | Sold | ||
| Sold | |||
| Feb 14, 2026 | In contract | - | |
| In contract | |||
| Sep 12, 2025 | Listed by RE/MAX Big Country | $289,999 | |
| Listed by RE/MAX Big Country | |||
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SELLERS OFFERING 10,000 in concessions, rate by down or off the price with an acceptable offer. Great opportunity for investors, developers, or homebuyers. This 2007 home features 3 bedrooms, 1 bath, luxury vinyl plank and tile flooring, a propane oven range, dual sinks in the bathroom, and a functional layout. The appliances, washer, dryer, and tankless water heater are less than 1 year old. The HVAC is an Energy Star unit, installed by an Energy Star technician. The interior has also been freshly painted.The property includes 19.65 acres with fencing and cross fencing, outbuildings, loafing sheds, storage, well houses, and a perimeter gate. Per CAD, there is a 600 sq. ft. kennel enclosure for small animals. Large concrete areas for kennels with grass in the middle are in place. Two water wells are present—one services the home, while the second’s condition is unknown and it is not currently connected to power. A water softener is located in the well house (condition unknown). The well pump and control panel were replaced less than 1 year ago. There are also 2 electric meters. A 400 sq. ft. insulated building with bathroom, Gree mini split, and washer and dryer hookups provides flexible use for office or workspace. Additional features include a koi pond (pump needs work), an additional tank -pond currently dry, and a concrete pad suitable for a shop or barn. There is also space for parking, equipment, or recreation. The land carries an Ag Exemption, is outside city limits, and has access to I-20, close to restaurants, shops, and schools. This property offers acreage, improvements, and multiple possibilities.
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| Aug 29, 2023 | Sold | ||
| Sold | |||
| Jul 15, 2023 | Listed by KW SYNERGY* | $199,900 | |
| Listed by KW SYNERGY* | |||
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GREAT OPPORTUNITY FOR INVESTORS, DEVELOPERS, AND HOMEBUYERS! This 3 bed, 1 bath, 2007 home offers a blend of country and craftsman. The home provides great space, updates with an exceptional layout. Bedrooms are generous in size.
A must see! The real opportunity is in what you could make of the land, offering several options for usage! In little over 18 Acres, there is Cross fencing, storage, out buildings, well houses. sheds, Industrial light posts, concrete pads, Insulated and equipped shops with efficient living living space. Plenty of space for parking, equipment, entertainment and relaxation. Beautiful large koi pond one will love. From farm living of raising animals to a potential RV Park, you can't go wrong. Perfectly located with easy access to I-20 close to restaurants, shops, schools and much more. Schedule your appointment today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017