227 Morgan Road
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 24, 2020 | Sold | ||
| Sold | |||
| Dec 2, 2019 | Listed by Interstate Realty Group, LLC | $249,900 | |
| Listed by Interstate Realty Group, LLC | |||
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This original owner, Victor Shibley built home has much to offer! Be impressed with the SPACIOUS and open country kitchen - this will be able to hold all of your holiday guests, even enough room to use as a sitting area/dining area. The formal dining room adds more space for entertaining. 1st Floor bedroom can be used as a Master with a full bath right down the hall. Living Room w/Fireplace/Pellet Stove and bow window. 2nd Floor boasts two large bedrooms and another full bath. Wood stove and pellet stove in basement for added heat sources. Amenities include hardwood flooring throughout much of the home, security system, custom blinds, newer driveway, no maintenance gutter system, replacement windows, energy efficient/oil-filled electric baseboard heat, oversized 2 car garage. Exterior features deck overlooking a very deep lot. Located within minutes to Schools, Shopping, Restaurants, Theater and More! Don't miss out! (Showings start Thursday 12/5)
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017