18231 Morningside Downs Way
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 |
|---|---|---|---|
| Jan 18, 2024 | Sold | ||
| Sold | |||
| Dec 19, 2023 | In contract | - | |
| In contract | |||
| Nov 25, 2023 | Listed by RE/MAX Integrity | $379,000 | |
| Listed by RE/MAX Integrity | |||
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Stunning Home with Extended Foyer & Beautiful Large Tile Floors Throughout! This Amazing Family Room flows gracefully into the Casual Dining Area and Gourmet Kitchen w/Granite Counters, Tile Back-Splash, Large Eat-In Working Island w/ Under-mount Stainless Sink, Drinking Water Filtration System, Stainless Appliances, Tall Cabinets and More! Located in the highly desirable Grand Vista Lakes also includes sprinklers, gutters, and solar panels. Conveniently located walking distance from the resort-style pool, splash pad, lake, and walking trails. Don't miss out on this extraordinary opportunity to own a home that combines remarkable upgrades, unparalleled comfort, and the best of community living.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017