1147 Rainbow Drive
About This Property
Arrive on the crescent driveway and enter this spacious 4 bedroom, 3.5 bathroom home. You are immediately greeted by an abundance of natural light and lush landscaping as far as the eyes can see.
Nestled just off the main living space is the quintessential "Florida Room" featuring a privacy screen, picturesque dining alfresco, and one of two primary suites.
The kitchen is equipped with open floor plan dining, granite countertops, and ample storage space which overlooks the main pool deck.
The resort-size pool deck is perfect for entertaining discerning guests and family members. Unwind in the oversized heated pool and rinse off at the outdoor shower all privacy protected by mature Florida-native Areca palms.
The second level features three spacious bedrooms including a second primary suite which is adorned with a large balcony overlooking the pool and natural preserves.
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 |
|---|---|---|---|
| Jan 7, 2025 | Sold | ||
| Sold | |||
| Nov 6, 2024 | In contract | - | |
| In contract | |||
| Sep 9, 2024 | Price Decreased |
$750,000
↓ $30K
(3.9%) | |
| Price Decreased | |||
| Aug 31, 2024 | Relisted | $780,000 | |
| Relisted | |||
| Aug 20, 2024 | In contract | - | |
| In contract | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017