11 Rainbow Ridge Road
About This Property
Step into an inviting interior featuring fresh paint inside and out, along with new water-resistant vinyl flooring that enhances both style and durability. The updated kitchen is a showstopper, designed with sleek finishes perfect for cooking and entertaining. Dual-pane windows fill the home with natural light while ensuring energy efficiency.
The property boasts thoughtful upgrades, including a recently updated HVAC system, roof, and water heater, giving you peace of mind for years to come. The fully gated lot provides privacy and security, while RV access adds convenience for outdoor enthusiasts. Situated on an expansive 9,500 sq. ft. lot, there's ample space for entertaining, gardening, or creating your dream outdoor oasis.
Convenience is key, with grocery stores, shopping, and a new retail center featuring Target and a variety of restaurants just moments away.
Don't miss your chance to own this stunning, move-in-ready home in Phillips Ranch. Schedule your showing today and experience the perfect blend of comfort, style, and location!
Payment Calculator
Your Estimated Monthly Payment
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 23, 2025 | Sold | ||
| Sold | |||
| May 2, 2025 | In contract | - | |
| In contract | |||
| Apr 11, 2025 | Listed by Berkshire Hathaway HomeService | $899,000 | |
| Listed by Berkshire Hathaway HomeService | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017