124 PENNY BROOKE 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 |
|---|---|---|---|
| Sep 18, 2026 | Price Decreased |
$385,000
↓ $10K
(2.5%) | |
| Price Decreased | |||
| Sep 6, 2026 | Price Decreased |
$394,900
↓ $4K
(1%) | |
| Price Decreased | |||
| Aug 19, 2026 | Listed by CHAD AND SANDY REAL ESTATE GROUP | $399,000 | |
| Listed by CHAD AND SANDY REAL ESTATE GROUP | |||
| Feb 4, 2026 | Listed by HERRON REAL ESTATE LLC | $450,000 | |
| Listed by HERRON REAL ESTATE LLC | |||
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Creek-Front Gem with Endless Potential!
Calling all water lovers, tinkerers, and visionaries! Tucked along a deep-water creek with direct access to the St. Johns River, this one-of-a-kind property is all about lifestyle, freedom, and opportunity. Launch your boat straight from your private ramp, and take advantage of the already-started boathouse/lift -- just waiting for your finishing touch to make it truly epic. When you're not on the water, retreat to the massive workshop -- ideal for projects, toys, tools, and everything in between. Recently pumped septic tank, brand-new hot water heater, and a propane stove ready to go.
The home itself is a blank canvas -- no active heat and ready for updates -- making it the perfect opportunity for someone ready to roll up their sleeves and build something special. Whether you're looking for a weekend escape or a full-time waterfront retreat, this property delivers the bones, the location, and the lifestyle.
***Buyer to do all due-diligence!***
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About St. Johns
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017