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2951 ORCHARD DRIVE
About This Property
The spacious primary suite is a true retreat, with a bathroom that is nearly as large as the bedroom and features a double-sink vanity, large walk-in shower, garden tub, walk-in closet and private water closet. French doors from the primary bedroom open directly to the large screened porch, creating a wonderful connection to the peaceful backyard. The oversized screened porch is perfect for relaxing or entertaining and overlooks a beautifully landscaped backyard enclosed by a privacy fence.
The home has been thoughtfully updated and exceptionally well maintained, including new windows throughout, two sets of new French doors with built-in blinds, and plantation shutters on nearly every window. Even the big-ticket items are nearly new, with a 2021 roof, 2024 water heater and 2018 AC. The garage also offers additional storage space, making it easy to keep everything organized. No flood insurance is required, and the HOA fee is minimal and paid just once a year.
With its spacious floor plan, beautiful outdoor living space, extensive updates, newer major components and fantastic Palm Harbor location and school zone, this is a home that truly checks all the boxes!
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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 |
|---|---|---|---|
| Sep 21, 2026 | In contract | - | |
| In contract | |||
| Sep 11, 2026 | Listed by RE/MAX REALTEC GROUP INC | $474,900 | |
| Listed by RE/MAX REALTEC GROUP INC | |||
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About Alderman Ridge
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017