18 Rainbow Circle
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 |
|---|---|---|---|
| Jul 29, 2025 | Sold | ||
| Sold | |||
| Jun 25, 2025 | In contract | - | |
| In contract | |||
| Jun 19, 2025 | Listed | $729,900 | |
| Listed | |||
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Classic Cape on a Corner Lot in One of South Peabody's Most Sought-After Neighborhoods! This inviting home welcomes you into a flexible space that functions as either a dining or living room, complete with hardwood floors, a pellet stove, and a sunny bow window. The spacious kitchen opens seamlessly into a stunning sunroom, where multiple skylights and hardwood floors create a warm, light-filled retreat that brings the outdoors in. The first floor also offers a family room with hardwood floors and a bay window, a primary bedroom, a home office, and a full bath—perfect for comfortable everyday living. Upstairs, you’ll find two generous bedrooms, each with hardwood floors and skylights, plus a convenient ¾ bath. Need more room to spread out? The finished lower level bonus room makes a great playroom, home gym, or media space. Outside, enjoy a newly built two-car carport, a fully fenced level yard, and a storage shed. Located on a corner lot that leads to a dead-end street.
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| Aug 21, 2023 | Sold | ||
| Sold | |||
| Jul 5, 2023 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017