409 Morrison 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 |
|---|---|---|---|
| Jun 30, 2023 | Sold | ||
| Sold | |||
| Jun 24, 2023 | Listed by JLA Realty | $345,000 | |
| Listed by JLA Realty | |||
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Charming 3 bedroom, 2 bath home that is better than new! Situated on an acre of unrestricted Livingston land with NO HOA. This open concept home has been remodeled through and through. All renovations were completed June 2023. Kitchen upgrades include new cabinets, stainless steel appliances, quartz countertops, walk-in pantry with built ins just to name a few! Original hardwood floors have been refinished to perfection and a two car carport has been added. HVAC, windows, insulation in walls and ceilings, PEX plumbing, tankless water heater, completely redone electrical, fixtures, paint and SO MUCH MORE has been recently installed/done in this home! Schedule your private showing of this move-in ready beauty, today!
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| Mar 9, 2023 | Sold | ||
| Sold | |||
| Jan 5, 2023 | Listed by The Cox Company Real Estate Gr | $225,000 | |
| Listed by The Cox Company Real Estate Gr | |||
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Cute home with great backyard view sitting on 1+/-acre in city limits, just minutes from shopping and schools. 3/2 with attached carport, dining room, den, living room. Great starter home unrestricted, partially fenced with shed. This is a great solid built home needs some updating has a lot of potential.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017