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1805 RAINBOW FALLS COURT
About This Property
Upstairs, hardwood stairs lead to the impressive owner's suite complete with two closets, including a walk-in, ceiling fan, and a spa-inspired luxury bath with ceramic tile floors, tiled shower, dual vanities, wainscoting, and crown molding. Three generously sized secondary bedrooms provide plenty of space, including one with its own sitting area. A spacious hall bath with double vanity and tub/shower combination completes the upper level. The finished lower level adds even more flexible living space with a full bath, large recreation/family room with walkout access to the backyard, utility room, and laundry area with utility sink. This meticulously maintained home offers true peace of mind with HVAC servicing twice yearly, the 50-year roof is only 12 years old, water heater is new, updated toilets and faucets throughout, fresh paint in many rooms, and brand-new carpet in two bedrooms. Conveniently located near shopping, dining, gas stations, Ft. Detrick, and major commuter routes, this exceptional home truly has it all. Don't miss your opportunity - homes like this don't stay available for long!
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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%.
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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.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017