31755 Morrison Road
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 |
|---|---|---|---|
| Jul 2, 2024 | Sold | ||
| Sold | |||
| May 1, 2024 | In contract | - | |
| In contract | |||
| Apr 9, 2024 | Listed by Wendy Cline Properties Group | $549,000 | |
| Listed by Wendy Cline Properties Group | |||
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This 4 bed 3.5 bath custom built bardominium sits nestled on 5+/- unrestricted acres in the heart of Brookshire, TX! The open concept floor plan offers a spacious living room that opens up into the gourmet island kitchen & breakfast room! Stainless-steel appliances, granite countertops, recessed lighting & new cabinetry in the kitchen make it a chef's dream! Featuring 3 bedrooms downstairs including the primary suite, & a full apartment upstairs, this home is perfect for a large household or for hosting guests over the holidays! The large primary retreat boasts an ensuite bath w/double sinks and a beautiful walk-in shower, while the second level apartment has its own living room, kitchen, bedroom & full bathroom! Relax on the front or back porch or bring your horses & ride through 5 acres of lush green space! Fenced in area with lean to for horses & large pond w/drainage pipe for overflow! In sought after Royal ISD! Quiet country living with quick access to Hwy 290 & I-10!!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017