2425 Morris Drive
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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 |
|---|---|---|---|
| Sep 29, 2023 | Sold | ||
| Sold | |||
| Aug 4, 2023 | Listed by Keller Williams Realty - Memor | $160,000 | |
| Listed by Keller Williams Realty - Memor | |||
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Cozy home built in a fenced lot with 7,680 sqft, 3 bedrooms, 2 bathrooms, master bedroom with walking closet and full bathroom, open spaces for living room, dining room and kitchen. Attached garage. Great location: less than 2 miles away from Downtown & 1 mile away from Fullerton-Garitty Park. It needs some minor repairs.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017