4 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 1, 2011 | Sold | ||
| Sold | |||
| Apr 27, 2011 | Listed by Keller Williams Realty | $839,000 | |
| Listed by Keller Williams Realty | |||
| May 18, 2010 | Listed by Coldwell Banker Residential Brokerage - Topsfield | $859,900 | |
| Listed by Coldwell Banker Residential Brokerage - Topsfield | |||
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Rare opportunity to own in Morningside River Estates. Custom 4000 SQ.FT.COL exudes curb appeal. Large KIT w/center isl, cherry cab, 2 ovens, granite, pantry & sep eating area. Formal LR has wd burning FP & opens to elegant DR w/detailed molding. Spacious FR w/built ins & beautiful FP. Master BD suite has sitting/exercise area, large BA, cathedral ceiling BDRM & gen closet space.1st fl Laundry & Office. HDWD, SEC, IRRIG & C/A, SCR PORCH. Prof landscaped w/private yard. Buyer gifted 1% at closing.
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