79 Morrell Street
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 |
|---|---|---|---|
| Jan 8, 2019 | Sold | ||
| Sold | |||
| Sep 27, 2018 | Listed by RE/MAX Generations | $319,000 | |
| Listed by RE/MAX Generations | |||
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Welcome to Morrell Street! Located just a mile from the beach and conveniently a few blocks from Broadway, location is everything. This three bedroom, two bathroom house is maintained well and boasts newer roof and windows, brand new rocking chair front porch, detached garage, new deck in backyard, central air conditioning, stainless steel appliances in large kitchen, and newer washer/dryer in basement. This home is ready for the next owner to move right in and enjoy the classic Jersey Shore beach town, Long Branch.
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| Sep 22, 2018 | No longer available | - | |
| No longer available | |||
| Jul 19, 2018 | Listed | $359,000 | |
| Listed | |||
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Charming colonial set on a beautifully landscaped, oversized lot.This home features hardwood floors and decorative molding throughout.Loaded with charm, character & updates including 2 zoned central air.The large master bedroom has 2 walk-in closets and loads of natural light.The house also boasts 2 additional bedrooms and 2 full baths along with large living & dining rooms, perfect for entertaining.The updated kitchen has updated appliances along with large panty, tons of storage & chalkboard wall.Enjoy sitting out on the brand new front porch made of Brazilian hardwood or relax on the floating deck in the serene, park-like backyard.Established vegetable beds and pristine landscaping frame the large, fenced-in yard.Detached garage is two-cars deep. The manager has listed the unit size as 1600 square feet.
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| Nov 15, 2012 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017