401 Morgan Mill Road
About This Property
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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%.
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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 | Temporarily off market | - | |
| Temporarily off market | |||
| Jul 7, 2025 | Listed by RANCH REALTY PROFESSIONALS | $325,000 | |
| Listed by RANCH REALTY PROFESSIONALS | |||
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Owner Financing! Why pay rent when you can own this just finished completely remodeled 4 bed 3 bath home. Perfect for the entrepreneurial college student, let your roommates make your payment. Home features NEW appliances, flooring, paint, countertops, cabinets and fixtures. It has an eat-in bar off the dining room, enclosed 2 car attached garage, covered back patio and huge back yard with privacy fence. A storage shed and a concrete floor covered party area in a huge back yard. Handicap accessible. Conveniently located near TSU farm and downtown. Perfect for Tarleton students or families needing those extra bedrooms. Easy to show. Don't miss this one.
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| Dec 19, 2024 | Sold | ||
| Sold | |||
| Dec 11, 2024 | In contract | - | |
| In contract | |||
| Nov 13, 2024 | Listed by Monument Realty | $189,000 | |
| Listed by Monument Realty | |||
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Investor Special! Large older home on huge, almost half acre, lot!! Partially remodeled 4 bed 2 bath home that is waiting for your finishing touches. This could be a very good commercial investment in the future, with its location having access to Hwy 281! The home has split bedrooms, nice sized living room, and garage. New privacy fence, exterior paint, some new soffit, some new windows, some new wall insulation, mostly new drywall, some new electrical and some new interior paint. Homes this size priced under the 200k mark are getting hard to find! This would make an excellent investment or rental property! Come take a look and make it your own!
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About Stephenville
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$1,800 /mo
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$2,200 /mo
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Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 14638454
Details provided by NTREIS and may not match the public record
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017