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12505 Rainbow CT
About This Property
Step inside to hand-scraped wood floors that flow through the main living areas, complementing the spacious, light-filled layout. Three of the four bedrooms feature brand-new carpet, while the primary suite boasts durable vinyl plank flooring. The primary bath includes a fully tiled walk-in shower, and both bathrooms have been updated with new vanities.
The kitchen shines with granite countertops, custom cabinetry, and brand-new Bosch appliances, including an induction cooktop, refrigerator, dishwasher, and vent hood. A reverse osmosis water filtration system provides filtered water to the for refrigerators water and ice maker.
Additional upgrades include a Tesla wall connector in the garage, a whole-home surge protector, and a recently serviced and tuned-up HVAC system. The septic system has also been pumped before vacating.
Outside, beautifully maintained landscaping enhances the curb appeal. Just a short walk from Town & Country Park and the Lake Creek Hike and Bike Trails, this home offers the perfect blend of comfort and outdoor adventure.
Located in the desirable 78729 zip code, you're minutes from shopping, dining, and entertainment. Don't miss this incredible opportunity-schedule your showing today!
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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 |
|---|---|---|---|
| Feb 19, 2025 | Listed by Spyglass Realty | $409,000 | |
| Listed by Spyglass Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017