62 Morgan 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 28, 2024 | Sold | ||
| Sold | |||
| May 23, 2024 | Listed by Mark Spain Real Estate | $259,000 | |
| Listed by Mark Spain Real Estate | |||
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Don't miss this charming ranch 1-level home in the desirable Brenda Hills near downtown Lillington and Campbell University! 3 bedrooms, 2 full baths, a deck, a fenced in yard, 2 car carport, and a shed will convey. All appliances are negotiable/can convey with the right offer, most furniture can also convey with the right offer.
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| Apr 7, 2021 | Sold | ||
| Sold | |||
| Mar 4, 2021 | Listed by Fathom Realty NC | $180,000 | |
| Listed by Fathom Realty NC | |||
| Dec 27, 2018 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017