7641 NE Morningside Terrace
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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%.
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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 29, 2024 | Sold | ||
| Sold | |||
| Aug 28, 2023 | Listed by Keller Williams Realty Consult | $1,999,999 | |
| Listed by Keller Williams Realty Consult | |||
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Priced below market for quick sale in Boca Bay Colony's highly sought after waterfront community. This 4BR/3.5BA very private, light and bright home with open floor plan has been extensively renovated, boasting marble floors in main area and plank flooring in bedrooms. Owner's Suite exudes luxury with spacious accommodations, walk-in shower/soaking tub, and custom walk-in closets. New kitchen/appliances for dining and entertaining. Pride of ownership shows with 2018 roof, impact doors/windows, and so much more. Relax outside with saltwater pool and expansive green areas, all fully fenced for the dogs and kids safety. Close to beaches, restaurants and everything South Florida has to offer. 3-car garage (Tesla charging/wiring) and security system w/cameras complete the offering. Show & sell.
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| Aug 25, 2023 | No longer available | - | |
| No longer available | |||
| Mar 2, 2023 | Listed by Realty Professionals of Coral Springs | $2,295,000 | |
| Listed by Realty Professionals of Coral Springs | |||
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One-story captivating home in Boca Bay Colony's highly sought after waterfront community. 4BR/3.5BA very private light & bright home w/ open floorplan has been extensively renovated, boasting marble floors in main area and plank flooring in the bedrooms. Primary suite exudes luxury w/ spacious accommodations, walk-in shower/soaking tub, and custom walk-in closets. New kitchen & new appliances built for entertaining. Pride of ownership shows with 2018 roof, impact doors/windows, and so much more. Relax outside with saltwater pool and expansive green areas, all fully fenced so the dogs can run and children can play. Close to beaches, restaurants and everything South Florida has to offer. 3-car garage (Tesla charging/wiring) and security system w/cameras complete the offering. Easy to show! The manager has listed the unit size as 3485 square feet.
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| Aug 26, 2019 | Sold | ||
| Sold | |||
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About Morningside
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017