516 N 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 |
|---|---|---|---|
| Jul 26, 2019 | Sold | ||
| Sold | |||
| Jun 3, 2019 | Listed by Premier Properties Realty Prof | $1,059,000 | |
| Listed by Premier Properties Realty Prof | |||
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Do you want to escape the winter grip? MAKE A SPLASH this summer and enjoy this luxurious MAGNIFICENT MAGNOLIA PARK LOCATION pool home which proudly features 3 Bedrooms, a MASTER SUITE with a sitting area, His & Hers closet and an Elegant Master Bathroom detailing dual sinks overlooking the stunning pool, 2 Bathrooms, Spacious Living Room with a fire place artistically designed wood mantle and tasteful crown moldings through-out, Dining Room, Gourmet kitchen also includes Granite Counters, Custom Cabinetry with Built-in Wine Rack, this kitchen also offers Stainless Steel Appliances. Adjacent to the kitchen is the breakfast nook which steps down to a wooden deck on to a GLORIOUS private backyard, and when you are not in the water, Relax and lounge around by the Pool Cabana where you can entertain your guest in this ultimate outdoor oasis complete with its own private bathroom. This home also showcases Central Air & Heat, Copper Plumbing, Dual Pane Energy Efficient Windows, House Fans, Upgraded Electrical, Wood Shutters all Through Out the house, Fully Functional Outdoor Kitchen complete with own Stove and Serving Bar. Dark Bottom Pool with Timed Waterfall, Fire Pit, Fully Finished Detached Two Car Garage with a Bonus/Hobby Room, and a newly installed Electric Gate for more privacy. This Home is a short distance away from the Highly Desired Burbank’s most popular “Stop, Park and Walk” destination, a Boulevard of coffee shops, dining, and vintage wares etc.
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| Mar 27, 2018 | Sold | ||
| Sold | |||
| Feb 20, 2018 | Listed by Keller Williams WMC | $879,000 | |
| Listed by Keller Williams WMC | |||
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About Burbank
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017