8 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 |
|---|---|---|---|
| Dec 3, 2024 | Sold | ||
| Sold | |||
| Oct 31, 2024 | In contract | - | |
| In contract | |||
| Oct 24, 2024 | Listed by LAER Realty Partners | $619,900 | |
| Listed by LAER Realty Partners | |||
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This charming 3 BEDROOM RANCH, lovingly maintained for over 48 years, is ready for new memories to be made. Nestled in one of NR's most SOUGHT AFTER neighborhoods, it's the perfect spot for leisurely walks, bike rides, or simply relaxing on the farmer's porch. The LR, drenched in NATURAL LIGHT, features HW FLOORS & a cozy fireplace that seamlessly opens to the kitchen w/GRANITE COUNTERS, WHITE CABINETRY & dining area, creating a warm & welcoming space for gatherings. The kitchen flows into a comfy, ENCLOSED SUNROOM—perfect for relaxing & enjoying views of the serene backyard yard. 3 Bdrms & a full bath complete the 1st level. Need more space to spread out? The FINISHED LL is the place to be! Stay cool during these hot & humid summers w/CENTRAL A/C, ensuring comfort all season. A BRAND NEW 3 BDRM SEPTIC TO BE INSTALLED! Conveniently close to the town ctr, Library, Ipswich River Pk, schools & major hwys. In this warm & inviting atmosphere, lasting memories are ready to be made!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017