45
Map
1031 Morris Creek Road
About This Property
Corner tract with Morris Creek nearby provides natural surroundings and usable land suited for a variety of residential, recreational, or agricultural uses.
Unrestricted properties with this acreage are increasingly difficult to find. Ideal for homesteaders, investors, or buyers seeking space to customize. Property is being sold AS-IS. Buyer to independently verify all measurements, schools, utilities, floodplain, and property condition.
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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 |
|---|---|---|---|
| Jul 27, 2026 | Sold | ||
| Sold | |||
| Jun 7, 2026 | In contract | - | |
| In contract | |||
| May 12, 2026 | Relisted | $200,000 | |
| Relisted | |||
| May 1, 2026 | In contract | - | |
| In contract | |||
| Apr 21, 2026 | Price Decreased |
$200,000
↓ $15K
(7%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017