3841 Morgans Ridge 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 |
|---|---|---|---|
| Apr 19, 2024 | Sold | ||
| Sold | |||
| Mar 12, 2024 | Listed by Amanda Greaver & Associates | $579,900 | |
| Listed by Amanda Greaver & Associates | |||
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Here's the ranch you've been searching for! This beautiful four bedroom, three bath well maintained brick ranch in Morgan's Ridge subdivision is in the Seckinger High School district. Boasting nearly an acre, this home has a three car garage and a fenced, level yard. Give this landscape a week or two and you'll see the love and care that the homeowners put into the property. The blooms will be stunning! The back deck is the perfect spot to enjoy morning coffee as you overlook the peaceful setting that this ranch offers. Step inside and you'll immediately notice the clean, neutral colors and natural light that brings warm feelings of being home. The flow of this home is gorgeous. As you enter the family room, you'll notice high ceilings that open to both the dining area, kitchen, and breakfast area. The master suite has a separate sitting area with double trey ceilings, double vanities in the bath, and a garden tub and shower. Don't miss the additional two bedrooms on the opposite end of the home along with a second full bathroom. There's a very large fourth bedroom and third full bathroom upstairs, which would be perfect for visiting guests, a playroom, or a private home office. There's even a built in window seat! Full daylight, unfinished basement. Don't miss this one - it's one of the most beautiful homes in the neighborhood!
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| Nov 20, 2002 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017