10448 Morro Road
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 5, 2021 | Sold | ||
| Sold | |||
| Feb 15, 2021 | Listed by Compass | $549,000 | |
| Listed by Compass | |||
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If you are interested in the trees, nature, awesome hiking trails, a few acres of land and directly adjacent the Three Bridges Oak Preserve Trailhead this is your place. The manufactured home is on a permanent foundation system with a 433a recorded. The home has been fully remodeled where the sellers have touched and improved every aspect of the home starting with resealing the driveway and re-leveling the home, as well as adding additional piers and new elastomeric roof coating and porch and decking. On the inside there are dual pain windows, all new flooring, dual flush toilets, bathroom vanities, finish plumbing and led ceiling and vanity lighting fixtures. The kitchen has resurfaced cabinets with new doors, countertops, top of the line appliances, sink, faucet, light fixtures, chair rail, and flooring with a great pantry too! Just minutes to downtown conveniences and far enough away from town for amazing stargazing at night. Although on the Atascadero side of Highway 41 you are still just minutes away from the beach. The easterly portion of the property has had horse paddocks and this area might be perfect for a granny unit! Owner has checked with the City and you can build up to a 1200sqft second property. However, please do own due diligence with City. Come see today!
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| May 2, 2018 | Sold | ||
| Sold | |||
| Dec 15, 2017 | Listed by Heart to Heart Real Estate Inc | $389,000 | |
| Listed by Heart to Heart Real Estate Inc | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017