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3040 Selma Lane
About This Property
Tucked into a quiet pocket of Farmers Branch, the home sits on a generous half-acre lot that backs up to a scenic, tree-lined creek, offering a rare country-living feel right in the city. Inside, the nearly 2,800-square-foot floor plan unfolds into a warm blend of character and modern comfort, grounded by wood floors and durable tile.
The layout features a spacious four-bedroom design and two distinct living areas that anchor the home's livability. The main living spaces boast a striking beamed ceiling, while the second living area offers direct access to the pool, making indoor-outdoor entertaining effortless. The kitchen has been stylishly refreshed to complement the home's original architectural roots, featuring a premium double convection oven perfect for home chefs.
Offering the perfect balance of tranquility and connectivity, this special property is located just minutes away from the Dallas North Tollway, Interstate 635, and Interstate 35E.
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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 |
|---|---|---|---|
| Jul 22, 2026 | Sold | ||
| Sold | |||
| Jun 22, 2026 | In contract | - | |
| In contract | |||
| Jun 12, 2026 | Price Decreased |
$780,000
↓ $19K
(2.4%) | |
| Price Decreased | |||
| May 22, 2026 | Listed by Dave Perry Miller Real Estate | $799,000 | |
| Listed by Dave Perry Miller Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017