132 Fire Wheel PASS
About This Property
Welcome to the cheerful neighborhood of Orchard Ridge and this charming East-facing craftsman home with wood-look tile floors. Full of natural light and open space, this home features some added bonuses like a screened-in porch made with pet-safe screen and a removable sliding door and a heated Cowboy Pool with all the accessories to boot - filtration system, cover, heater, umbrella and bench (cowboy pool can convey or be removed is buyer prefers) Extra large primary bedroom has a seating area that could be used for a home office or creative space. Tall ceilings in every room - even the bathrooms!
Roof was replaced in 2021. Gutters, patio extension, screened porch, water softener, oven, kitchen faucet and new ceiling fans all added in 2022. Thermostat and garbage disposal replaced in 2023 and Cowboy Pool was purchased in 2023. The blue and light grey photos are examples of what the house would look like in a different color.
Short distance to the community amenity center which includes a resort-style pool, playground, grills, outdoor fireplace, hiking trails and more. Orchard Ridge is one of very few communities with its own fitness center and community garden. It's such a fun neighborhood- there is even an ice cream truck that comes around!
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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 13, 2024 | In contract | - | |
| In contract | |||
| Jun 4, 2024 | Price Decreased |
$350,000
↓ $10K
(2.8%) | |
| Price Decreased | |||
| May 16, 2024 | Price Decreased |
$359,900
↓ $15K
(4%) | |
| Price Decreased | |||
| May 8, 2024 | Price Decreased |
$374,900
↓ $5K
(1.2%) | |
| Price Decreased | |||
| May 1, 2024 | Price Decreased |
$379,500
↓ $400
(0.1%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017