2295 Morgan
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 7, 2025 | Sold | ||
| Sold | |||
| Dec 10, 2024 | In contract | - | |
| In contract | |||
| Dec 10, 2024 | Price Decreased |
$599,000
↓ $21K
(3.4%) | |
| Price Decreased | |||
| Nov 13, 2024 | Price Increased |
$620,000
↑ $21K
(3.5%) | |
| Price Increased | |||
| Oct 27, 2024 | Listed by Compass | $599,000 | |
| Listed by Compass | |||
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This generously sized 2-bedroom, 2-bathroom home is situated in the highly sought-after Camino Hills neighborhood, a gated community for those aged 55 and over. The charming kitchen offers stainless steal appliances, updated Silestone countertops, an abundance of cabinet space, and an adjacent lovely bright breakfast room with neighborhood views. The primary suite with large walk-in closet features new carpeting and high ceilings. Both bathrooms feature new flooring. The spacious layout includes an enormous living room with soaring ceilings and fireplace, and large dining area. Additionally, there's a permitted sunroom and a half bath located off the garage not included in the overall square footage. The home also offers a separate laundry room with plenty of storage space and an attached 2-car garage with an extra room ideal for a workshop. Enjoy the sunny rear yard with several citrus and fruit trees along with terraced planters perfect for creating your own vegetable and herb gardens. The price reflects the current condition leaving plenty of room for upside potential.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017