941 MORRO RD
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%.
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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 |
|---|---|---|---|
| Feb 10, 2026 | Sold | ||
| Sold | |||
| Jan 12, 2026 | In contract | - | |
| In contract | |||
| Dec 30, 2025 | Listed by HomeSmart Realty West | $899,000 | |
| Listed by HomeSmart Realty West | |||
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Amazing single level home with 3 bedrooms; 2.5 baths located on .57 acres with plenty of usable space. There are many fruit trees including lemon, tangerine, orange, persimmon and guavas. Enjoy the outdoors on a covered patio perfect for family time barbecues and relaxing. This home features vaulted ceilings, beautiful new (Hawaiian Koa) luxury vinyl plank flooring, crown moldings throughout, a gorgeous stone fireplace, recessed lighting, ceiling fans with formal dining & living rooms. An open concept Kitchen has granite counter tops with a center island, a spacious walk-in pantry, a wine rack, refurbished oak cabinets, a New stainless-steel Samsung refrigerator and Janska exhaust vent; a stainless Bosch D/W & cooktop and Kitchen Aid double oven. The Master suite has a jacuzzi tub set in marble stone with 3 windows above, the his and hers marble vanity has new vessel sinks w/hardware, a large walk-in stone shower and the walk-in closet has a built-in 4 drawer/8 shelf cabinet. There are 2 water heaters, a newer Lennox iSoft A/C system that was recently serviced, Quiet-cool solar powered air vents on the roof for exhausting hot summer air, a 2-year-old Culligan water softener, new gutters and both the interior & exterior recently painted. The Spacious 3 car garage with a work bench, new lighting and steel cabinets makes for a great workspace. Security is provided by a Night Owl infrared camera system that can be monitored by a LCD TV near the control panel, through any computer and through your smartphone via the internet. Each corner of the house has a motion detection security light to provide another level of security and finally all of the lights are dusk to dawn activated. There is also an ADT wireless security system for the property that is not in use. The backyard features a new 8x10 storage shed on concrete foundation and there is plenty of room for a nice swimming pool and jacuzzi! It is conveniently located in the center of Fallbrook and within walking distance of Village View County Park. All of the major traffic corridors are just minutes away for easy commuting.
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| Dec 16, 2016 | Sold | ||
| Sold | |||
| Aug 28, 2016 | Listed by HomeSmart Realty West | $619,000 | |
| Listed by HomeSmart Realty West | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017