3571 Morningside Drive
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 |
|---|---|---|---|
| Aug 31, 2017 | Sold | ||
| Sold | |||
| Jul 29, 2017 | Listed | $180,000 | |
| Listed | |||
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Quiant and comfortable is what comes to mind when you enter this home thru the lovely Sun Room/Enclosed porch. Original wood floors in front room, hallway, and bedrooms. Although this is a 2 bedroom, 1 bath home, there is a bonus room off the kitchen that can be used for bedroom, office, craft room, etc. The Kitchen and bathroom have been up-dated. Appliances and ceiling fans are under 2 years old. There is also a small bathroom in the garage. This home sits on a large corner lot with a detached two car garage/shop. Brand new cyclone fence around the the large front yard. Septic is under 3 years old. Plenty of room around this home to park RV's, boats, toys, or create your own paradise.The manager has listed the unit size as 1080 square feet.
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| Jun 13, 2017 | Listed by Realty World-Best Realty | $180,000 | |
| Listed by Realty World-Best Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017