16935 Morrow Meadow Lane
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 |
|---|---|---|---|
| Mar 25, 2026 | Sold | ||
| Sold | |||
| Feb 10, 2026 | In contract | - | |
| In contract | |||
| Jan 12, 2026 | Listed by Beechwood Realty | $975,000 | |
| Listed by Beechwood Realty | |||
| | |||
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Experience country living at its finest in this spacious single-story home tucked away in the peaceful community of Gavilan Hills. Featuring 3 bedrooms, 2 bathrooms, and nearly 3,000 sq. ft. of comfortable living space, this residence offers the perfect balance of privacy, functionality, and wide-open potential. Situated on 3.8 acres, the property sits far from the noise and bustle of city life, creating a serene retreat with ample room to grow. Inside, the home showcases a beautifully remodeled kitchen complete with new cabinetry, subway tile backsplash, an 8-ft gourmet island, quartz countertops, stainless steel appliances, and stylish modern finishes throughout. The indoor laundry room provides additional flexibility—ideal for a home gym, office, or pet room. Leased solar panels help keep energy costs low, adding long-term value and efficiency. Outdoors, the property continues to impress with mature fruit trees equipped with irrigation, an oversized remodeled detached 6-car garage, and a large open-faced shop—formerly horse stalls—complete with a commercial electric meter. This versatile setup is perfect for an in-home business, workshop, or hobby space. Whether you're a contractor, rancher, car collector, or horse enthusiast, this exceptional property offers endless possibilities to create the lifestyle you’ve always envisioned.
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| Jan 31, 2020 | Sold | ||
| Sold | |||
| Dec 2, 2019 | Listed by KeyClub Realty | $569,000 | |
| Listed by KeyClub Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017