1280 Morrison Road Road
About This Property
Situated on a spacious 1 acre lot, this property features a durable Metal Roof installed in 2020, brand new HVAC system 2024, and new windows throughout. The kitchen boasts newly installed appliances and the large outdoor area offers endless possibilities for gardening, recreation or potential expansion.
Perfect for those seeking privacy and comfort in a serene setting while enjoying convenient proximity to both Florida and Alabama amenities.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017