902 Orchid Point Way
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 |
|---|---|---|---|
| May 1, 2026 | No longer available | - | |
| No longer available | |||
| Feb 19, 2026 | Price Decreased |
$2,900,000
↓ $100K
(3.3%) | |
| Price Decreased | |||
| Jul 4, 2025 | Price Decreased |
$3,000,000
↓ $100K
(3.2%) | |
| Price Decreased | |||
| Apr 4, 2025 | Listed by Dale Sorensen Real Estate Inc. | $3,100,000 | |
| Listed by Dale Sorensen Real Estate Inc. | |||
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Custom-built home overlooking the 3rd tee, designed for comfort & entertaining. Located in the prestigious Orchid Island Golf & Beach Club this home has upgrades galore including a 2021 tile roof, 3 A/C's 2023, gourmet kitchen w/top of the line appliances, marble counters & lovely cabinetry. Breakfast nook overlooks the pool. Gas fireplaces warm both living and family rooms. Screened lanai off family room with golf views. Most rooms open to a stunning pool/spa courtyard with built-in grill. 3-car garage and lush landscaping for privacy complete the package. Sizes approx., subj. to error.
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| Feb 1, 2023 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017