477 Morro Hills Road
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 |
|---|---|---|---|
| Mar 10, 2020 | No longer available | - | |
| No longer available | |||
| Feb 18, 2019 | Listed | $442,000 | |
| Listed | |||
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Well located in desirable Morro Hills in Fallbrook, this stunning 3.47 acre lot is ready for you to build your dream home. Massive views eastward overlooking South Fallbrook, the San Luis Rey River Valley, Bonsall, and beyond. The property is gently sloped with several mostly flat potential building sites for a home, guest house, pool, and additional structures. A very usable parcel. Existing driveway and pad are already in place. Fully fenced. Irrigation already in-place with a 1" water meter (Rainbow Municipal Water District). The property had been perc tested and previously approved by the San Diego County Department of Public Health for a septic system based on the then anticipated home design plans. The pad was graded under the supervision of a licensed civil engineer. Many extremely valuable mature, large landscape trees have already been planted strategically along the driveway leading to the homesite and around the perimeter of the property. Native live oak trees are onsite. The parcel also contains a variety of family fruit trees. An idyllic setting. Just minutes to Oceanside, Bonsall, Fallbrook and the beach. Major shopping and services nearby with easy access to Highway 76, I-5 and I-15 for quick commutes into San Diego, Orange County and LA. A must see property for the discriminating buyer.
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| Oct 15, 2018 | No longer available | - | |
| No longer available | |||
| Oct 12, 2018 | Sold | ||
| Sold | |||
| Sep 5, 2018 | Listed | $449,000 | |
| Listed | |||
| | |||
|
Well located in desirable Morro Hills in Fallbrook, this stunning 3.47 acre lot is ready for you to build your dream home. Massive views eastward overlooking South Fallbrook, the San Luis Rey River Valley, Bonsall, and beyond. The property is gently sloped with several mostly flat potential building sites for a home, guest house, pool, and additional structures. A very usable parcel. Existing driveway and pad are already in place. Fully fenced. Irrigation already in-place with a 1" water meter (Rainbow Municipal Water District). The property had been perc tested and previously approved by the San Diego County Department of Public Health for a septic system based on the then anticipated home design plans. The pad was graded under the supervision of a licensed civil engineer. Many extremely valuable mature, large landscape trees have already been planted strategically along the driveway leading to the homesite and around the perimeter of the property. Native live oak trees are onsite. The parcel also contains a variety of family fruit trees. An idyllic setting. Just minutes to Oceanside, Bonsall, Fallbrook and the beach. Major shopping and services nearby with easy access to Highway 76, I-5 and I-15 for quick commutes into San Diego, Orange County and LA. A must see property for the discriminating buyer.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017