1015 Morton Avenue
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 |
|---|---|---|---|
| Dec 7, 2023 | Sold | ||
| Sold | |||
| Oct 12, 2023 | Listed by Coldwell Banker Realty - Clear Lake | $55,000 | |
| Listed by Coldwell Banker Realty - Clear Lake | |||
| | |||
|
One Of The Lowest Price Home In Palacios*Gigantic Lot That Goes From Morton to Welch Street So Another Home Can Be Added For Rental Property With Resurveying*Carport*Home Is Being Sold As-Is With No Inspections*Vinyl Plank Flooring*Window Units*Stove*Refrigerator*Home Will Be Sold Quickly So Must Hurry & Make An Appointment. Rentals Are In Big Demand In Palacios. This Home Is Ready To Fit That Need.
| |||
| Nov 30, 2022 | No longer available | - | |
| No longer available | |||
| Sep 26, 2022 | Price Decreased |
$47,500
↓ $12K
(20.7%) | |
| Price Decreased | |||
| Jul 9, 2022 | Relisted | $59,900 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017