71 Childers Lane
About This Property
With a private boat ramp for easy access to Black Creek and just a 25-minute boat ride to Crab Island, this location is unbeatable. You're also minutes away from dining at the Oar House and Oyster Bar, as well as Hammock Bay and Freeport's upcoming attractions.
Embrace the tranquility of Bayou and Black Creek living in this non-HOA neighborhood, just 14 miles from the stunning Grayton Beach. This is an exceptional opportunity you won't want to miss!
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Cap Rate Calculator
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 14, 2025 | Price Decreased |
$715,000
↓ $84K
(10.5%) | |
| Price Decreased | |||
| Jul 1, 2025 | Listed by Compass | $799,000 | |
| Listed by Compass | |||
| Apr 11, 2024 | No longer available | - | |
| No longer available | |||
| Mar 20, 2024 | Price Decreased |
$715,000
↓ $84K
(10.5%) | |
| Price Decreased | |||
| Oct 10, 2023 | Price Decreased |
$799,000
↓ $51K
(6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017