22633 Rainbow Bridge Road
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 2, 2024 | Sold | ||
| Sold | |||
| May 22, 2024 | Listed by RE/MAX Rising | $89,900 | |
| Listed by RE/MAX Rising | |||
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Enjoy the peaceful setting at this two bedroom, one bath ranch out in the country within minutes of Bloomington-Normal. Wonderful 1 acre corner lot, so plenty of room to grow! Open floor concept with nice size rooms. Home has a private well and septic. Great storage shed for lawn equipment and other items. Invoices in associated docs for updates. Well pump house which could also double as a storm shelter. Driveway excavated in the last year for easy access. The home is being sold "As Is". Please be VERY careful and do not let the cats out!
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| Mar 21, 2022 | Sold | ||
| Sold | |||
| Dec 8, 2021 | Listed by Coldwell Banker Real Estate Group | $94,900 | |
| Listed by Coldwell Banker Real Estate Group | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017