39
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9202 Olmstead Drive
About This Property
3 bedrooms upstairs and a Jack & Jill bathroom. Updated master and half bath. Updated kitchen with stainless appliances, granite countertop, beautiful cabinets. A screened enclosed pool over a tremendous private backyard with a lot of spaces for entertainment for the entire family. 2 car garage, roof 2020, accordion shutters on second story, impact front door. Newer flooring, loft area, gated community, close to schools, turnpike, mall, airport, and beaches!
Located just minutes from the Turnpike, Wellington Mall, and top-rated dining and shopping, this home provides both convenience and tranquility. mall, airport, and beaches! Located just minutes from the Turnpike, Wellington Mall, and top-rated dining and shopping, this home provides both convenience and tranquility. Cypress Lake Estates offers a well-maintained community with resort-style amenities, including gated entrances, tennis and pickleball courts, and a playground.
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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 12, 2025 | Sold | ||
| Sold | |||
| Oct 30, 2025 | In contract | - | |
| In contract | |||
| Sep 4, 2025 | Price Decreased |
$739,000
↓ $16K
(2.1%) | |
| Price Decreased | |||
| Jul 31, 2025 | Price Decreased |
$755,000
↓ $4K
(0.5%) | |
| Price Decreased | |||
| Jul 15, 2025 | Price Decreased |
$759,000
↓ $10K
(1.3%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017