40839 Morris Street
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 |
|---|---|---|---|
| Feb 7, 2024 | No longer available | - | |
| No longer available | |||
| Nov 28, 2023 | Price Decreased |
$589,000
↓ $10K
(1.7%) | |
| Price Decreased | |||
| Nov 1, 2023 | Listed by Bennion Deville Homes | $599,000 | |
| Listed by Bennion Deville Homes | |||
| | |||
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Welcome to the highly sought-after gated community of Shadow Hills!This meticulously maintained 4 bed,2 bath residence offers the perfect blend of comfort & functionality!The heart of this home is undoubtedly the well-appointed kitchen featuring sleek granite countertops,upgraded Viking stainless steel appliances,walk in pantry& ample cabinet space. Enjoy your meals in the breakfast nook,kitchen island or the adjacent dining area with open sightlines throughout.This home boasts generously sized bedrooms.The master suite is a true retreat,with double door entry & direct backyard access,complete with a private ensuite bath& spacious walk-in closet.But the features don't end there-this home also includes an attached casita with private access,providing a perfect office,nursery or home gym.With a brand new A/C & plantation shutters throughout,you'll stay comfortable year-round.The rear yard is equally impressive,featuring a large yard with artificial turf, an Alumawood patio cover & prewiring for indoor/outdoor surround sound,making this the perfect setting for family bbq's etc!The home also features a highly desirable 3-car garage,ensuring all your vehicles & storage needs are met,the RV parking area provides space for your recreational vehicles,eliminating the need for off-site storage.Shadow Hills offers low HOA dues with amenities like parks & gated access,beyond the comforts of your home,this ideal location is close to retail,entertainment & easy access to the 10 freeway! The manager has listed the unit size as 2517 square feet.
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| Sep 21, 2020 | Sold | ||
| Sold | |||
| Jul 9, 2020 | Listed by Keller Williams Realty | $399,000 | |
| Listed by Keller Williams Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017