1429 MORGANA Road
About This Property
This move-in-ready home blends modern upgrades, functional design, and classic charm. Enjoy multiple indoor and outdoor living spaces, including a living room, dining room, and Florida room with a picture window overlooking the spacious backyard offering plenty of space to gather, play, and work.
Recent updates include new kitchen appliances and hot water heater; updated bathroom, and AC, roof, septic system (plumbing, tank, drain field), tile, and back patio replaced in the past 5 years. Step from the sunroom onto the patio and envision entertaining guests or unwinding with family. The expansive backyard offers endless possibilities-BBQs, a cozy lounge, and a garden retreat.
This quiet and friendly neighborhood provides quick access to highways, making it easy to get to downtown, beaches, and airport. Whether you're a first-time buyer, upgrading, or seeking an investment, this home is for you!
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Cap Rate Calculator
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 7, 2025 | Sold | ||
| Sold | |||
| Feb 19, 2025 | In contract | - | |
| In contract | |||
| Feb 10, 2025 | Price Decreased |
$214,400
↓ $4K
(1.8%) | |
| Price Decreased | |||
| Feb 5, 2025 | Listed by DAHILL INTERNATIONAL REALTY | $218,400 | |
| Listed by DAHILL INTERNATIONAL REALTY | |||
| Jul 19, 2016 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017