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3203 Orchid Drive
About This Property
3203 Orchid Dr is a single-level McKinney home with three bedrooms, two bathrooms, and 1,585 square feet of living space. Built in 1995, the home features a living room with a brick fireplace and windows overlooking the backyard. The kitchen includes an island, wood cabinetry, a built-in oven, and a microwave. An adjoining dining area has a bay window and access to the outdoors. Arched windows add detail to the bedrooms, and one bathroom includes a separate tub and shower. A laundry room provides cabinetry and shelving. The backyard includes a covered patio, with a two-car garage at the rear. Home comes with a 100-Day Home Warranty
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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 28, 2026 | In contract | - | |
| In contract | |||
| Sep 25, 2026 | Listed by Opendoor Brokerage, LLC | $317,000 | |
| Listed by Opendoor Brokerage, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017