227 Morro Rd
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 |
|---|---|---|---|
| Aug 23, 2018 | No longer available | - | |
| No longer available | |||
| Jul 26, 2018 | Sold | ||
| Sold | |||
| Jun 11, 2018 | Listed | $469,900 | |
| Listed | |||
| | |||
|
BEAUTIFULLY REMODELED SINGLE STORY IN THE HEART OF FALLBROOK!! Pride of ownership. Fully paid solar!! Open floor plan, lots of light. Beautifully upgraded with neutral paint and trim, plantation shutters, recessed lighting, and the Nest system. Durable and beautiful hardwood and tile flooring throughout. The kitchen boats rich cherry cabinets, gorgeous granite countertops, granite topped island with seating, and sleek stainless steel appliances. The manager has listed the unit size as 1800 square feet.
| |||
| May 24, 2018 | Listed by Redfin Corporation | $469,900 | |
| Listed by Redfin Corporation | |||
| May 29, 2013 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017