1
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18 Morgan Avenue
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 |
|---|---|---|---|
| Nov 27, 2007 | Sold | ||
| Sold | |||
| Sep 7, 2007 | Listed by Olimpia Real Estate | $299,000 | |
| Listed by Olimpia Real Estate | |||
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Sweet 1BR home with open floor plan set on 3 lots. Large living room w/dinning area, fireplace, built in bookcase and oak hardwood floors, opens to Kitchen with new birch cabinets combined with pine. The bedroom includes a sitting or dressing area, pine paneled walls and hardwood floors. Several recent updates: roof and attic (approx 10 yrs), new windows. Enclosed front porch with flagstone flooring and wood burning stove provides 3 season use. Large Barn w/workshop. Go up or out, if needed
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