1038 Morgan Rd
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 |
|---|---|---|---|
| May 1, 2025 | Sold | ||
| Sold | |||
| Mar 21, 2025 | In contract | - | |
| In contract | |||
| Mar 5, 2025 | Price Decreased |
$399,900
↓ $15K
(3.6%) | |
| Price Decreased | |||
| Feb 11, 2025 | Listed | $415,000 | |
| Listed | |||
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Welcome to this lovingly cared for, charming New England Cape! Enter the spacious tiled kitchen featuring central cooking island, gas range, pantry, & plenty of room to entertain w/ open-concept dining. Flow seamlessly into a bright & airy living room complete w/ large windows that fill the space w/ natural light, & a beautiful brick hearth w/ cozy wood stove. The expansive 1st-floor bedroom boasts a dbl closet and is conveniently located next to a fantastic full bath, making single-level living a breeze. Upstairs you'll find 2 addit'l bedrooms & 1/2 bath. Relax & enjoy the outdoors in the enclosed back porch, fully fenced yard, or backyard patio. Oversized 2-car garage w/ 2nd-floor loft provides plenty of storage & work space. Additional lhighlights include natural gas heat & central a/c! Seller states upgrades include: fence (2024), roof, siding, full insulation (2023). Conveniently located just a short drive to shopping, dining, & highway access, this lovely home is a huge win!
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| Apr 14, 2023 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017