21 Morton Street
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 21, 2024 | Sold | ||
| Sold | |||
| Jan 7, 2024 | In contract | - | |
| In contract | |||
| Dec 13, 2023 | Listed by Southbrook Realty Group, Inc | $699,900 | |
| Listed by Southbrook Realty Group, Inc | |||
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New Construction in Brand New Subdivision, Morton Estates-Colonial w/Attached 2 Car Garage-1,768 sq ft-3 Beds, 2.5 Baths-First Floor Laundry Room-Kitchen w/Upgraded Cabinets & Stainless Steel Appliances(fridge, stove, dishwasher, microwave)-Oversized Working Island w/"L" Overhang for Seating-Table Area w/Slider Leading to 12x12 Vinyl/Composite Deck-Quartz Countertops Kitchen & Full Baths-Office w/French Doors & Closet-Crown Molding in Living Room & Office-Hardwood throughout First Floor & Upstairs Hallway-Oak Staircase Leading to Second Floor-Primary Suite w/Two Walk-In Closets, Full Primary Bath w/Double Sink Vanity-Tile Bathrooms & Laundry Room-Kohler Plumbing Fixtures-Tankless On Demand Water Heater-Central Air Conditioning-Full Basement-4 Bedroom Septic System-Decorative Lighting w/Post Light in Yard-Granite Front Steps at Entry-Professionally Landscaped-Irrigation System for Yard-Town Water, Septic & Propane Gas-Ready to Close by Middle of March
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