1029 Rainbow Valley Ct
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 |
|---|---|---|---|
| Dec 3, 2025 | Sold | ||
| Sold | |||
| Nov 5, 2025 | In contract | - | |
| In contract | |||
| Oct 20, 2025 | Listed by eXp Realty of California, Inc. | $1,100,000 | |
| Listed by eXp Realty of California, Inc. | |||
| | |||
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Welcome to your new home, a beautifully renovated 4-bedroom, 3-bathroom retreat nestled in the tranquil hills of Rainbow, Fallbrook. Set on nearly 2 acres of panoramic beauty, this home combines modern elegance with the peaceful charm of country living. Step inside to discover an open-concept layout filled with natural light and sweeping views from every angle. The expansive living area flows seamlessly into the dining space and a chef-inspired kitchen, complete with stainless steel appliances, abundant cabinetry, hidden pantry and generous counter space — all framed by La Cantina–style doors that open to stunning outdoor vistas and the attached deck. The primary suite is a private oasis featuring a spa-like en-suite bathroom with a soaking tub and an oversized walk-in shower. Every bathroom throughout the home showcases contemporary finishes and thoughtful design. Enjoy the convenience of two laundry areas, two garages (one attached and one detached), and ample parking and storage — perfect for hobbies, guests, or multi-generational living. Your pets will love it here too — the property is pet-friendly with fencing and plenty of space to roam. Whether you’re unwinding on the balcony with panoramic views, hosting under the stars, or simply soaking in the peaceful views, this property offers the ideal blend of modern comfort and rural tranquility.
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| Nov 29, 2019 | No longer available | - | |
| No longer available | |||
| Nov 7, 2019 | Price Decreased |
$575,000
↓ $10K
(1.7%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017