408 RUSTIC ROAD
About This Property
With no HOA, you'll enjoy greater flexibility to build your future home. Electricity is available at the road, while a well and septic system will be required. Buyer should verify zoning, mobile home eligibility, setbacks, and permitting requirements with Putnam County.
Outdoor enthusiasts will love the location, just minutes from Dunns Creek, Dunns Creek State Park, the St. Johns River, and the Shell Harbor public boat ramp, providing easy access to fishing, boating, kayaking, and other recreational activities. Convenient access to US-17 places Palatka approximately 15 minutes away and Crescent City about 20 minutes away.
Whether you're looking to build now or invest for the future, this affordable homesite offers an excellent opportunity in a growing area.
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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 |
|---|---|---|---|
| Aug 2, 2026 | Listed by HOME PRIME REALTY LLC | $10,500 | |
| Listed by HOME PRIME REALTY LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017