48816 Orchard Drive
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%.
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 |
|---|---|---|---|
| Nov 5, 2024 | Sold | ||
| Sold | |||
| Aug 16, 2024 | Listed by HomeSmart | $1,100,000 | |
| Listed by HomeSmart | |||
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Welcome to your dream home in the highly sought-after Orchard neighborhood! This stunning 6-bedroom, 4-bathroom residence offers over 3,000 square feet of luxurious living space, perfect for large families or those who love to entertain. With six generous bedrooms, including a master suite with a private bath, this home provides ample space for everyone. The kitchen features granite countertops, stainless steel appliances, a large island, and plenty of storage with a walk in pantry. Enjoy an open-concept living and dining area with large windows that flood the space with natural light. Step outside to a beautifully landscaped backyard, complete with a patio for outdoor dining and relaxation, while providing lush secluded scenery. Plenty of space for entertaining or enjoying the serene pool/spa.This home also offers a 4 car garage, as well as a separate entrance casita. With this prime location nestled in The Orchard, known for its tree-lined streets, friendly community, and excellent schools you will not want to miss the opportunity to make this home yours. Orchard does allow 5 short term rentals a year during festivals.
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| Mar 14, 2024 | No longer available | - | |
| No longer available | |||
| Feb 17, 2024 | In contract | - | |
| In contract | |||
| Jan 4, 2024 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017