103 Morningside Drive
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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 27, 2025 | Sold | ||
| Sold | |||
| Apr 27, 2025 | In contract | - | |
| In contract | |||
| Apr 3, 2025 | Listed by Waters Real Estate Brokerage | $594,000 | |
| Listed by Waters Real Estate Brokerage | |||
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Hope you're ready for your spring crush! From an era when modernist was warm, inviting and pretty, this 70's contemporary passive solar stunner rests in the heart of Carrboro and all it has to offer. Webbwood is a quintessential Carrboro neighborhood, and this one is a perfect example of why! A wrap around porch guides you into this tidy nest with so much visual interest. Wherever you turn your attention, you are given more to love. The main floor has such a wonderful flow. A perfect balance between the freedom of an open floor plan, and the comfort that comes with intentional purpose for each space. The entry way leads effortlessly to either the dining room, the light-soaked sun room or the prettiest of living rooms. The owners' suite nestles neatly on one side of the home and boasts it's own private deck. A true getaway. The second floor is where you'll finish the perfect lap. Two perfectly sized bedrooms and a loft space with so many potential uses. It's an office, a yoga studio, a reading nook or a place to simply sit in peace any time of day. New roof in 2023, new hot water heater in 2024,, and an EV charger to boot. A fenced back yard is the perfect place to rest or play at the end of a perfect day in the perfect home. Come and fall in love with 103 Morningside!
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| Jun 16, 2023 | Sold | ||
| Sold | |||
| May 17, 2023 | Listed by Terra Nova Global Properties | $450,000 | |
| Listed by Terra Nova Global Properties | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017