12095 Morrow Drive
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 |
|---|---|---|---|
| Mar 27, 2026 | Sold | ||
| Sold | |||
| Mar 3, 2026 | In contract | - | |
| In contract | |||
| Feb 13, 2026 | Listed by Coldwell Banker Realty | $1,699,000 | |
| Listed by Coldwell Banker Realty | |||
| Jan 13, 2026 | Price Decreased |
$1,689,000
↓ $40K
(2.3%) | |
| Price Decreased | |||
| Oct 22, 2025 | Listed | $1,729,000 | |
| Listed | |||
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Located within the 24-hour guard-gated community of San Miguel in Tustin Ranch, this beautifully maintained home enjoys a peaceful interior setting with no direct street exposure, offering exceptional privacy and tranquility. With no Mello-Roos, the property benefits from lower long-term ownership costs compared to many surrounding master-planned communities.
Inside, a bright and airy floor plan features engineered wood flooring, plantation shutters, soaring ceilings, and abundant natural light. The inviting living room with a cozy fireplace opens to the adjacent dining area, creating a warm space for gatherings. The upgraded kitchen showcases Caesarstone quartz countertops, a designer tile backsplash, and maple cabinetry for a clean, modern aesthetic. The adjoining family room flows effortlessly to the serene backyard through sliding glass doors—perfect for everyday living or entertaining.
Upstairs, the spacious primary suite offers a walk-in closet, dual vanities, a soaking tub, and a separate shower. Each bathroom is tastefully finished with granite countertops and elegant details throughout.
The backyard is beautifully hardscaped with flagstone and a stone wall, providing a low-maintenance outdoor retreat ideal for relaxing or hosting guests.
Residents of San Miguel, a well-maintained guard-gated enclave of 138 homes established in 1993, enjoy resort-style amenities including a pool, spa, and landscaped common areas. Part of the Tustin Ranch III Master Planned Community, the neighborhood is surrounded by parks, trails, and the Tustin Ranch Golf Club, and served by the award-winning Ladera Elementary School in the highly rated Tustin Unified School District. The community also offers convenient access to The Market Place, fine dining, shopping, and major freeways.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017