48856 Orchard Drive
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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 |
|---|---|---|---|
| Mar 10, 2020 | No longer available | - | |
| No longer available | |||
| Feb 25, 2020 | Sold | ||
| Sold | |||
| Jan 10, 2020 | Listed | $825,000 | |
| Listed | |||
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Welcome to Jolie Maison, elegantly presented on one of the largest parcels in The Orchard. With 5 spacious Bedrooms and 4.5 Bathrooms PLUS a Bonus Room, there is room for the entire family and guests. Perfect as a primary desert residence, or a secondary desert retreat. Travertine floors, wood shutters, crown molding, Formal Dining room, Butlers' pantry, Great room with a fireplace, Living room with a second fireplace, plus a Game room. An outdoor kitchen with grill, eat bar, refrig., and covered Dining space for 10, spills over to the dazzling Over-sized Pool with water fall spa, a raised viewing deck and tanning shelf. Mature Ficus trees, and strategically placed Palms on the generous lawn add to the extreme privacy. Jolie Maison is across from the park area, enhancing the views; and no homes directly to the West! A 3 car garage with plenty of storage and an extra long driveway complete this desert utopia. Appt. only The manager has listed the unit size as 4121 square feet.
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| Nov 13, 2019 | No longer available | - | |
| No longer available | |||
| May 20, 2019 | Listed by HK Lane Real Estate | $825,000 | |
| Listed by HK Lane Real Estate | |||
| | |||
|
Welcome to Jolie Maison, elegantly presented on one of the largest parcels in The Orchard. With 5 spacious Bedrooms and 4.5 Bathrooms PLUS a Bonus Room, there is room for the entire family and guests. Perfect as a primary desert residence, or a secondary desert retreat. Travertine floors, wood shutters, crown molding, Formal Dining room, Butlers' pantry, Great room with a fireplace, Living room with a second fireplace, plus a Game room. An outdoor kitchen with grill, eat bar, refrig., and covered Dining space for 10, spills over to the dazzling Over-sized Pool with water fall spa, a raised viewing deck and tanning shelf. Mature Ficus trees, and strategically placed Palms on the generous lawn add to the extreme privacy. Jolie Maison is across from the park area, enhancing the views; and no homes directly to the West! A 3 car garage with plenty of storage and an extra long driveway complete this desert utopia. Appt. only
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017