1210 Morris 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 |
|---|---|---|---|
| Jul 18, 2023 | Sold | ||
| Sold | |||
| Jun 1, 2023 | Listed by Coldwell Banker R.E.Specialist | $629,900 | |
| Listed by Coldwell Banker R.E.Specialist | |||
| Aug 31, 2016 | Sold | ||
| Sold | |||
| Aug 9, 2016 | Listed by Cressy & Everett Real Estate | $50,000 | |
| Listed by Cressy & Everett Real Estate | |||
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This exceptional country lot has a septic system and well left after a fire destroyed the former residence, and is ready for your new house. Located near the historic ''Morris Farms'' just east of US 31 exit 5, the location is ideal for commuting to St. Joseph or South Bend. There is a small pond where the patio once was. Mature trees and farm land make this one to consider.
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| May 30, 2014 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017