88 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 |
|---|---|---|---|
| Apr 23, 2026 | Sold | ||
| Sold | |||
| Mar 12, 2026 | In contract | - | |
| In contract | |||
| Mar 3, 2026 | Listed by HomeSmart First Class Realty | $579,900 | |
| Listed by HomeSmart First Class Realty | |||
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SPACE, FLEXIBILITY, AND VALUE—RIGHT WHERE YOU WANT TO BE. At the end of a cul-de-sac near Segregansett, this 3-bedroom Cape delivers the space buyers are searching for in today’s market. Set on 1.4 acres, the home blends comfort and potential with a sun-filled kitchen featuring hardwood floors, granite counters, island seating, and a pellet stove. The large rear deck overlooks a private, spacious yard—ideal for gatherings or quiet evenings outdoors. A heated finished lower level adds versatile bonus space, while the oversized 2-car garage with a dedicated 100A panel offers serious utility and future flexibility. Permitted expansion space above the garage is ready to be finished. In a price range where options are limited, this home stands out for its condition, setting, and potential. New roof and skylight (2025). Easy access to Rt 44, Rt 24, I-495, shopping, dining, and local golf.
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| Oct 18, 2018 | Sold | ||
| Sold | |||
| Sep 16, 2018 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017