1010 Morrell Avenue
About This Property
Home is being sold AS-IS; no repairs will be done by Seller. Perfect for an investor or a homeowner with the ability to give it a little TLC. Conveniently located near Downtown Dallas, major highways, Dallas Zoo, and Bishop Arts District. Buyer and buyer's agent to verify all information contained herein.
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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 |
|---|---|---|---|
| May 21, 2021 | Sold | ||
| Sold | |||
| Apr 22, 2021 | Listed by Value Properties | $140,000 | |
| Listed by Value Properties | |||
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GREAT INVESTMENT OPPORTUNITY in the Heart of Dallas! This 2 bedroom 1 bathroom home with extra large back-entry driveway and front carport parking. Garage conversion can serve as a 3rd bedroom or new owner can convert back to 1-car garage.
Home is being sold AS-IS; no repairs will be done by Seller. Perfect for an investor or a homeowner with the ability to give it a little TLC. Conveniently located near Downtown Dallas, major highways, Dallas Zoo, and Bishop Arts District. Buyer and buyer's agent to verify all information contained herein.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017