1027 W Rainbow Falls Way
About This Property
Step inside to a bright and airy living space featuring soaring ceilings, a ceiling fan, and a charming fireplace. Sliding glass doors lead to the spacious backyard patio-perfect for relaxing or entertaining.
The open-concept dining area connects seamlessly to the kitchen and family room, highlighted by a lovely light fixture and French doors that open to a the side yard. The updated kitchen is a dream for entertainers, complete with sparkling stainless steel appliances, a farmhouse sink, crisp white cabinetry accented with gold hardware, and recessed lighting.
The primary suite is a true retreat, featuring a ceiling fan, direct access to the backyard patio, and an ensuite bathroom with a rainfall shower, updated tile, and a soaking tub. The secondary bedrooms are generously sized-one even includes sliding glass doors that open to a private atrium, offering a peaceful outdoor escape.
Enjoy the outdoors with a covered patio area, mature trees, and low-maintenance astroturf.
Recent updates include a new HVAC system installed just three years ago. The Rivertrail community features a sparkling pool and spa, as well as a playground for residents to enjoy.
Don't miss your chance to tour this exceptional home-schedule your showing today!
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Cap Rate Calculator
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 27, 2025 | Sold | ||
| Sold | |||
| May 8, 2025 | In contract | - | |
| In contract | |||
| May 2, 2025 | Listed by Redfin | $850,000 | |
| Listed by Redfin | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017