40 Morgan
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 |
|---|---|---|---|
| Oct 21, 2024 | Sold | ||
| Sold | |||
| Sep 12, 2024 | In contract | - | |
| In contract | |||
| Sep 4, 2024 | Listed by HKS Associates, Inc. | $235,000 | |
| Listed by HKS Associates, Inc. | |||
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Nestled adjacent to Morgan Reserve, Rhododendron State Forest, and Stoney Brook Disc Golf Course, this charming countryside property offers a simple lifestyle. The sun-filled interior boasts a bright and airy ambiance, with natural stained interior doors adding a touch of warmth. Freshly painted both inside and out in 2024, the home features new click-lock wood flooring in the living and dining areas, enhancing its inviting atmosphere. Recent upgrades include a new well pump and pressure tank in 2024, a new exterior back door, and fresh hardpack on the driveway. Convenient generator hookup. The expansive yard is a blank canvas, perfect for creating a private retreat or an entertaining space. Restore the former circular driveway to boost curb appeal and simplify access. The walkout basement offers convenient access to the yard, and a large outbuilding provides versatile options for various uses. The acreage includes both the house lot and an additional back lot, offering ample space and potential. Don’t miss the opportunity to explore this simple life.
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| Jul 1, 2010 | Sold | ||
| Sold | |||
| Feb 12, 2010 | Listed | $140,000 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017