16 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 |
|---|---|---|---|
| Sep 16, 2016 | Sold | ||
| Sold | |||
| Aug 3, 2016 | Listed by Keller Williams Realty Evolution | $339,900 | |
| Listed by Keller Williams Realty Evolution | |||
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Great opportunity to live in fabulous South Peabody neighborhood! Traditional cape with full dormer features eat-in kitchen off the living room with working fireplace flanked by bookcases. Two bedrooms on first floor, one currently being used as a den. Full bath on first floor is freshly painted, has new vanity and medicine cabinet with lights. Two large bedrooms with built in drawers and bath on second floor. Full basement with second chimney for wood stove, laundry, and plenty of room to create additional living space. New hot water heater in 2015. Outside you'll find a beautiful in-ground pool just waiting for you to enjoy it! Pool was resurfaced and new tiles in 2003, new safety cover installed in 2009 and cleaning robot in 2011. Not opened this year but has been used every year prior to this year. Walk to the library at the end of the street or enjoy the nearby new Spring Pond Nature Trail for walking and biking when you make 16 Rainbow Rd your new home!
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| Jun 26, 1992 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017