428 Morris Boulevard
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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 |
|---|---|---|---|
| Jul 2, 2021 | Sold | ||
| Sold | |||
| Apr 21, 2021 | Listed by RE/MAX Champions | $275,000 | |
| Listed by RE/MAX Champions | |||
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A must see corner lot ranch with a lot of updates! 3 bedrooms, 1 bathroom. New central air conditioner, gas furnace, gas fireplace, electric water heater, Samsung washer and gas dryer (still under warranty), and newly updated bathroom with tiled shower. Kitchen was recently updated. Save on electric bill with the solar panels lease. Inside access to a Yankee basement and a full attic for lots of storage. Feel safe with a full surveillance system and a full alarm system.Ring camera at front and side door. 3rd bedroom is a great bonus room with its own entrance. Can be used for a home office/business room or kids room. Located in a beautiful neighborhood within short distance of the Bay Beach and Gilford park, and Yatch club .5 minute drive to the Seaside Beach and boardwalk. Great for a summer home, rental or starter home.
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| May 11, 2016 | Sold | ||
| Sold | |||
| Dec 29, 2015 | Listed by Crossroads Realty Executive Office | $180,000 | |
| Listed by Crossroads Realty Executive Office | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017