8603 Jubilee Drive
About This Property
The home features a large living room with a classic brick fireplace and wet bar, an open-concept kitchen with ample storage space, a detached garage with carport, and a huge backyard shaded by mature trees. The flexible floor plan and strong neighborhood comps make this an excellent opportunity for a flip, rental investment, or long-term hold.
With low HOA fees and proximity to highly rated schools, this property offers both value and location appeal.
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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 29, 2026 | Price Decreased |
$280,000
↓ $10K
(3.5%) | |
| Price Decreased | |||
| Jul 2, 2026 | Price Decreased |
$290,000
↓ $10K
(3.3%) | |
| Price Decreased | |||
| May 16, 2026 | Listed by 5th Stream Realty | $300,000 | |
| Listed by 5th Stream Realty | |||
| Apr 5, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Mar 12, 2026 | Price Decreased |
$259,000
↓ $15K
(5.5%) | |
| Price Decreased | |||
Property Highlights
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About Olympia
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017