3301 Ortman DR
About This Property
By lunch, the paddle starts calling your name. Pickleball Kingdom is less than five minutes away, so you slip out, squeeze in a few games, and make it back in time to circle back on that "quick question" that's never actually quick. Later, you're out on the extended back patio, sharing a pitcher of lemonade, and rehashing the day, making plans to hit Old Gregg Brewery just up the road. The corner lot gives you space to breathe, and the retaining wall keeps it all feeling private. Vinyl plank floors handle whatever the dog drags in, granite counters make leftovers feel fancy, and the ceilings are so high they basically deserve their own listing. With quick access to Parmer Ln, plus a new community pool and playground down the street, this spot makes it easy to stay productive, stay social, and still have room to exhale.
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Cap Rate Calculator
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, 2025 | In contract | - | |
| In contract | |||
| Sep 12, 2025 | Price Decreased |
$324,500
↓ $500
(0.2%) | |
| Price Decreased | |||
| Aug 20, 2025 | Price Decreased |
$325,000
↓ $25K
(7.1%) | |
| Price Decreased | |||
| Jul 25, 2025 | Price Decreased |
$350,000
↓ $15K
(4.1%) | |
| Price Decreased | |||
| Jul 16, 2025 | Price Decreased |
$365,000
↓ $5K
(1.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017