1027 MORELOS ST
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 |
|---|---|---|---|
| Jun 24, 2023 | No longer available | - | |
| No longer available | |||
| Jun 8, 2023 | Listed by Keller Williams Heritage | $165,000 | |
| Listed by Keller Williams Heritage | |||
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Welcome to 1027 Morelos St, where comfort meets convenience! This charming 2-bedroom, 1-bathroom home is perfectly nestled on a spacious lot, boasting a large backyard and custom-built storage in the closets. Whether you're an astute investor seeking a lucrative opportunity or a first-time homebuyer looking for the ideal starter home, this property offers the best of both worlds. The manager has listed the unit size as 910 square feet.
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| Feb 26, 2020 | Sold | ||
| Sold | |||
| Sep 23, 2019 | Listed by RE/MAX Corridor | $109,700 | |
| Listed by RE/MAX Corridor | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017