31
Map
1002 Penny LN
About This Property
The property still needs additional work and is being sold AS-IS, making it an excellent opportunity for an investor, renovator, or buyer ready to put their own finishing touches on a home.
Outdoor features include a covered back patio, mature trees, a large yard, and additional concrete driveway/parking in the rear that provides extra space for an RV, trailer, recreational vehicles, or additional parking.
This is a probate sale, and the seller is motivated. With its generous lot, no HOA, existing improvements, and desirable Round Rock location, this property offers plenty of potential for renovation, resale, rental, or a future owner-occupant looking to create a home of their own.
Bring your vision and make this Round Rock property your own!
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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 27, 2026 | In contract | - | |
| In contract | |||
| Sep 21, 2026 | Listed by Teifke Real Estate | $349,000 | |
| Listed by Teifke Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017