12420 Morrison Street
About This Property
Completely remodeled 3 bedroom 2 bath home. Freshly painted in side, double pane windows, tile flooring in the living room, dinning, kitchen and family room. Step into the dream kitchen with new Quartz counter top, self closing drawers, new stainless steel appliances. Kitchen center Island opens to the family room with fireplace. Nice size master bedroom with new carpet, sliding doors that give you direct access to the back yard. Master bathroom has been completely remodeled with new bathtub, double sinks with new Quartz counter top. Great size walk in closet. Let's go into the back yard where you will find several fruit trees and plenty of room for all your pets. RV parking and enough room for your boat and any other toys you may have.
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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 |
|---|---|---|---|
| Jan 24, 2019 | Sold | ||
| Sold | |||
| Nov 1, 2018 | Listed by DIANE REALTY GROUP INC | $395,000 | |
| Listed by DIANE REALTY GROUP INC | |||
| Sep 25, 2018 | Sold | ||
| Sold | |||
| Sep 4, 2018 | Listed by RE/MAX REAL PROS | $289,900 | |
| Listed by RE/MAX REAL PROS | |||
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Come Home to your own private oasis located in North Moreno Valley! Once there, you'll find yourself not wanting to leave; with this wonderful 3 Bedroom 2 Bath single story home having almost 1,750 square feet of open living space and a split floor plan that sits on almost a half acre lot with it's own RV parking and plenty of room for your horses and pets! As you drive up to your home, you'll notice the beautiful street and neighborhood lined with homes that have pride of ownership. You'll walk into your home to notice the sliding glass doors that open to your large, low maintenance backyard where one of the first things you'll notice after the beautiful green Weeping Willows and several fresh fruit trees is the privacy you have with not one neighbor's windows or yard in sight! As you walk in, you'll also find the master bedroom is located to your left and the other 2 bedrooms are found to the right of the house. This home boasts it's own large family room separate from the spacious kitchen which is connected to it's wide and roomy dining room and it's own gas assisted wood burning fire place as well as sliding glass doors that, once again, lead to your beautiful, open backyard, creating a large open concept area for family fun and entertaining. This home is a commuter's delight as it is located just a few minutes north of the 60 freeway.
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About Moreno Valley
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017