2540 SE Penny Lane
About This Property
Formal dining room with built in hutch. Private back yard. large separate utility building with laundry.
Heated pool at the active clubhouse. Great group of people
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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 |
|---|---|---|---|
| Jan 29, 2026 | Price Decreased |
$129,900
↓ $10K
(7.2%) | |
| Price Decreased | |||
| Oct 27, 2025 | Listed by Treasure Coast Realty | $139,999 | |
| Listed by Treasure Coast Realty | |||
| Jun 15, 2025 | Price Decreased |
$140,000
↓ $9K
(6%) | |
| Price Decreased | |||
| Feb 7, 2025 | Price Decreased |
$149,000
↓ $900
(0.6%) | |
| Price Decreased | |||
| Feb 6, 2025 | Price Decreased |
$149,900
↓ $10K
(6.3%) | |
| Price Decreased | |||
Property Highlights
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About Martin
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$8,300 /mo
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$5,000 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017