1040 RAINBOW DRIVE
About This Property
Enjoy ground-floor entry for seamless access and retreat to the primary bedroom with a private en-suite bathroom for ultimate comfort. Outside, the large circular driveway easily accommodates up to 10 cars, making parking a breeze for guests and allowing easy boat trailering for lake lovers.
The POA dues cover the water, sewer and trash bills! Enjoy all the amenities the Wallenpaupack Lake Estates community has to offer. You have privileges to access 2 private lakes, beaches, 2 outdoor pools, an indoor pool & gym, dog park, lodges & game room as well as access to the private community marina on the big lake, Lake Wallenpaupack! You're not just buying a house; you're treating yourself to a resort-like lifestyle!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017