23 Rainbow Way
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 |
|---|---|---|---|
| Mar 21, 2025 | Sold | ||
| Sold | |||
| Feb 18, 2025 | In contract | - | |
| In contract | |||
| Jan 28, 2025 | Listed by Sotheby's International Realty | $850,000 | |
| Listed by Sotheby's International Realty | |||
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Welcome to 23 Rainbow Way, Harwich. This stunning 3-bedroom, 2-bathroom pond-front home offers over 2,252 sq ft of living space. Nestled in a peaceful setting, this gracious ranch blends modern upgrades with timeless Cape Cod charm, making it the perfect sanctuary for year-round living or a Cape Cod getaway. Inside, find a spacious living room, cozy den, and dining room perfect for hosting. Two renovated bathrooms, including one brand new, add modern functionality. The primary bedroom features a sliding door to a private deck overlooking the pond, plus two guest bedrooms ideal for visitors or a home office. Wake up to breathtaking sunrises, panoramic views, and wildlife viewing. Launch a kayak or paddleboard from your yard. Eligible to join the Great Sand Lakes Assoc. ($80/year), enjoy access to association beaches, including a swimmable spot down the street. This waterfront property offers privacy, upgrades, and charm, a rare chance to own your slice of paradise.
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| Jan 20, 2017 | Sold | ||
| Sold | |||
| Aug 3, 2016 | Listed by Sotheby's International Realty | $497,500 | |
| Listed by Sotheby's International Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017