12 Rainbow Ridge Way
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 |
|---|---|---|---|
| Jun 28, 2024 | Sold | ||
| Sold | |||
| Apr 23, 2024 | Listed by Aluxety | $849,000 | |
| Listed by Aluxety | |||
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15 minutes from downtown Newburyport, this 3-bedroom Contemporary Cape offers the perfect blend of convenience and comfort. Located on a cul-de-sac abutting conservation land, the home has been meticulously maintained by the current owners for 25 years. The front porch leads to an entry with soaring ceilings, hardwood floors, and an open concept layout perfect for entertaining. The home exudes craftsmanship with custom built-in in the family room, wainscoting in the dining/sitting room, and two fireplaces. The well-appointed eat-in kitchen features modern appliances and ample counter space. Upstairs, the large primary bedroom has cathedral ceilings, walk-in closet and en suite bathroom. The remaining two bedrooms have hardwood floors, large closets with a shared full bathroom. The finished basement provides many additional living options. Outside is a large deck overlooking the property’s half acre of picturesque scenery. An oversized attached 2-car garage completes this special home.
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| Apr 21, 1999 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017