39
Map
34586 Morgan Trl
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 14, 2025 | Sold | ||
| Sold | |||
| Jun 25, 2025 | In contract | - | |
| In contract | |||
| Jun 19, 2025 | Listed by eXp Realty, LLC | $630,000 | |
| Listed by eXp Realty, LLC | |||
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Rare opportunity to own a scenic 5+ acres in a horse friendly neighborhood, with mountain views, no HOA, with long and/or short-term rental potential (buyer to verify). This ranch-style home offers main-level living and is ideal for investors, multi-generational households, or buyers looking to build equity. A private attached mother-in-law suite provides flexible space for caregiving, guest use, or income generation. Each bedroom features its own full en-suite bathroom, offering a unique layout for privacy and future resale value. The unfinished walkout basement boasts 12-foot ceilings, abundant daylight, and is ready to become a second living space, entertainment area, or income-producing unit. The detached garage can accommodate up to 6 vehicles and includes a back workshop space-perfect for hobbyists or tradespeople. Several outbuildings on the property provide additional storage or could be converted into workshops or animal shelters. The septic system has been updated, and the property is zoned for horses. Peacefully nestled away yet located just minutes from Parker, Franktown, and Castle Rock, this property combines country living with convenience. The home has been well-loved over the years and the price allows the next owner to modernize and personalize while enjoying instant equity potential. Whether you're looking for a home with room to grow, a family compound, or a creative flip, this property checks all the boxes. Estate sale on-site June 19-21. Showings permitted during off-hours. Reach out to the listing agent or your buyer broker from more specifics. Buyer will not be able to see the entire unit during esate sale hours.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017