20 Morris Road
About This Property
The first floor features a spacious living room with large windows that flood the room with natural light. The formal dining room is perfect for entertaining, while the eat-in kitchen is ideal for everyday use. A cozy family room and a convenient powder room complete this level. Upstairs, you'll find four generous bedrooms, including a primary suite with a walk-in closet and an en-suite bathroom. The other three bedrooms share a hall bathroom. The finished basement provides great additional living space and The backyard is perfect for outdoor living, with a patio, a nice-sized lawn, and mature trees. Other features of this home include hardwood floors throughout, central air conditioning, a two-car garage, and a brand-new roof. This home is close to shops, restaurants, and parks, with easy access to highways for commuting. Don't miss this opportunity! Additional Information: ParkingFeatures:2 Car Attached,
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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 |
|---|---|---|---|
| May 26, 2023 | In contract | - | |
| In contract | |||
| May 10, 2023 | Listed by Compass Greater NY, LLC | $650,000 | |
| Listed by Compass Greater NY, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017