118 Rainbow Drive #151
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%.
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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 21, 2023 | Sold | ||
| Sold | |||
| Oct 14, 2023 | Listed by Century 21 Real Estate Alliance | $221,950 | |
| Listed by Century 21 Real Estate Alliance | |||
| Oct 28, 2022 | Sold | ||
| Sold | |||
| May 12, 2022 | Listed by Century 21 Real Estate Alliance | $189,500 | |
| Listed by Century 21 Real Estate Alliance | |||
| | |||
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Great mobile home for a larger family, unit features 4 bedrooms and 2 full baths. Located in a gated community in a family-oriented community. Community features a large recreational room with a community pool and spa. Easy access to the PCH, great for commuters. Point Mugu Naval Base is within a short distance.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/14/2023
|
4 Bed
|
2 Bath
|
1224 ft²
|
$221,950
4 Bed
2 Bath
1224 ft²
|
$225,000
+1.37%
12/21/2023
|
Jesus Languren
Century 21 Real Estate Alliance
| |
|
05/12/2022
|
4 Bed
|
2 Bath
|
1224 ft²
|
$189,500
4 Bed
2 Bath
1224 ft²
|
$195,000
+2.90%
10/28/2022
|
Jesus Languren
Century 21 Real Estate Alliance
| |
|
02/10/2020
| |
2 Bed
|
2 Bath
|
-
|
$115,000
2 Bed
2 Bath
|
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-
|
-
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017