8623 Ormart Road
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 15, 2024 | Sold | ||
| Sold | |||
| Oct 7, 2024 | In contract | - | |
| In contract | |||
| Sep 28, 2024 | Listed by David Lyng Real Estate | $999,000 | |
| Listed by David Lyng Real Estate | |||
| Apr 18, 2019 | Sold | ||
| Sold | |||
| Feb 19, 2019 | Listed by Cottage & Castles Real Estate | $759,000 | |
| Listed by Cottage & Castles Real Estate | |||
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*Open House Cancelled , Property is pending * At the top of the knoll with beautiful pastoral views sits this turn key country property .Updated kitchen with granite counters, custom oak cabinets and views galore. New luxury vinyl flooring throughout, wood burning stove to cozy up too ,4 spacious bedrooms, lots of natural light, beautifully remodeled bathrooms, separate outside entrance into mud room/ laundryroom, 2 separate trek decks one off kitchen and one off master bedroom. Situated on nearly 2.5 fenced acres. This property is set up for horses and livestock. Large pasture, separate arena, large stall,tack room, with bathroom and hen house. Plenty of space to park large vehicles etc. There is also an approx. 20x32 concrete pad with electricity which can be used for an rv/trailer hookup possibly a barn etc. Location is another added perk ! Centrally located and just minutes away from Moss Landing, Santa Cruz, Monterey, Gilroy and Salinas.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017