3309 Morrison Street
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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 16, 2022 | Sold | ||
| Sold | |||
| Jun 10, 2022 | Listed by Compass RE Texas, LLC | $799,000 | |
| Listed by Compass RE Texas, LLC | |||
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NEW 30-YEAR ROOF INSTALLED 6/9/22! Sought-after Woodland Heights home zoned to Travis Elem sitting pretty on a 7,000SF lot! This 3-4 bedroom home was built in 1990 to mimic a 1920 Victorian classic! Recent renovations include engineered hardwood floors on 1st floor, kitchen backsplash & countertops, freshly painted interior & exterior! First floor offers Primary bedroom w/updated bath, a study or secondary bedroom w/full updated bath, open floor plan with spacious living & dining room, kitchen with large island & space for a breakfast table or second living space or both! Second floor offers a large game room, two potential bedrooms, full bathroom, plus a bonus outdoor deck area on top of the carport! Square footage has been verified & measured by an independent appraiser to be 2,144SF without areas at sloping walls on 2nd floor - with those areas included, he calculates the square footage at 2,404SF. Buyers should independently verify school zones & measurements.*All Info Per Seller
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017