2991 Morgan 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 18, 2024 | Sold | ||
| Sold | |||
| Jul 3, 2024 | In contract | - | |
| In contract | |||
| Jun 12, 2024 | Listed by Iaquinta Premier Properties | $799,000 | |
| Listed by Iaquinta Premier Properties | |||
| | |||
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Welcome to the spectacular 2991 Morgan Dr, situated in the sought-after Forest City section of Wantagh. Just a block away from Forest City Park, this possible mother daughter offers the perfect blend of comfort and convenience. With 4/5 bedrooms and three full bathrooms, along with numerous upgrades, this residence is sure to impress. Upon entering, you'll be greeted by a charming wood-burning fireplace in the living room and a kitchen featuring upgraded quartz countertops with waste disposal sink. The main floor has 2 to 3 bedrooms, including a versatile third bedroom ideal for a home office, as well as a luxurious full bathroom with an air tub and radiant heated floor. The first-floor master bedroom has its own full bathroom that offers the added luxury of radiant heat. Upstairs, two expansive bedrooms with large walk-in, walk-through closets await, along with a full bathroom and additional space that can easily be transformed into a kitchen area with the appropriate permits. Stay cozy year-round with two central AC units and three-zone heating. A large fully finished basement with ample space for a home gym, entertainment area with room for a pool table, and a bar perfect for hosting guests. The backyard is an entertainer's dream, boasting a spacious and beautiful setting for summertime gatherings. Enjoy a heated semi in-ground pool, perfect for cooling off on hot days, as well as a large patio and fire pit area. In ground sprinklers keep your lawn effortlessly maintained. This property offers 90 feet of driveway and sidewalk equipped with radiant heat. This feature will keep you cozy indoors during those cold winter days, allowing you to stay inside instead of shoveling, and ensuring a stress-free winter experience. Seize the opportunity to make this exceptional property your own - it's a rare find in a picturesque location that offers both comfort and luxury.
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| Jul 23, 1999 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017