308 MORRIS Loop
About This Property
KEY FEATURES:
-ENERGY EFFICIENCY: Enjoy remarkably low utility costs, averaging just $35 per month, thanks to integrated solar panels and a dedicated aquifer well water system.
-OUTDOOR OASIS: The backyard features a serene koi pond and meticulously designed patio landscaping by Earth Works, creating a peaceful retreat.
-CHARMING AMENITIES: A custom well-designed chicken coop and many fruit trees add a touch of rural charm, perfect for those interested in sustainable living.
-Located within a sought after equestrian community, residents have access to scenic nature trails and a dedicated jumping arena. The community spans over 600 wooded acres with fewer than 150 homesites. This property offers a unique blend of luxury, sustainability, and optional equestrian living.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Feb 28, 2025 | Sold | ||
| Sold | |||
| Feb 12, 2025 | In contract | - | |
| In contract | |||
| Jan 31, 2025 | Listed by WATSON REALTY CORP | $1,150,000 | |
| Listed by WATSON REALTY CORP | |||
| Dec 5, 2014 | Sold | ||
| Sold | |||
| Aug 23, 2014 | Listed by WATSON REALTY CORP | $173,700 | |
| Listed by WATSON REALTY CORP | |||
Property Highlights
Building Info
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About St. Johns
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$2,100 /mo
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$3,595 /mo
- 4 Beds
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017