137 Rainbow Rd
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 |
|---|---|---|---|
| Aug 1, 2024 | Sold | ||
| Sold | |||
| Jul 5, 2024 | In contract | - | |
| In contract | |||
| Jun 25, 2024 | Listed by eXp Realty | $129,900 | |
| Listed by eXp Realty | |||
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Charming 3-Season Cottage just a 5-minute walk to the picturesque Otis Reservoir, complete with water rights. Recent improvements include tree removal on the lot, enhancing the open space and sunlight. The property comes with a town-approved septic design and perc test, offering a hassle-free transition for new owners.This cozy camp features a 300-gallon water tank and a composting toilet, ensuring sustainability and convenience. Windows were updated around 2010, providing better insulation and a refreshed look.Whether you're looking for a serene getaway or a project with immense potential, this 3-season cottage is a fantastic opportunity. Embrace the tranquility and natural beauty of Otis Reservoir with this unique property
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| Mar 22, 2024 | Sold | ||
| Sold | |||
| Mar 11, 2024 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017