1390 MORRIS RD SE
About This Property
Welcome to an exciting opportunity nestled in the heart of Anacostia! This single-family home, brimming with potential, awaits a savvy investor eager to roll up their sleeves and unlock its true value. With 3 bedrooms, 1 bath, and recent upgrades including a new roof in 2016 and new HVAC system installed in December 2021, along with electrical updates for the hot water, this property offers a solid foundation for renovation and revitalization.Strategically located close to historic sites and The Yard, this home presents an ideal blend of urban convenience and tranquility, offering a retreat from the hustle and bustle while still being within reach of all the city has to offer. Whether you're a seasoned investor seeking to expand your portfolio or exploring rehab loans, this is a golden opportunity not to be missed. Seize the chance to transform this diamond in the rough into a shining gem, and make your mark on one of Anacostia's most promising properties.
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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 |
|---|---|---|---|
| Apr 22, 2024 | Sold | ||
| Sold | |||
| Apr 6, 2024 | In contract | - | |
| In contract | |||
| Mar 28, 2024 | Listed by Keller Williams Capital Properties | $319,999 | |
| Listed by Keller Williams Capital Properties | |||
Property Highlights
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About Southeast Washington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017