275 Rainbow Dr
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 |
|---|---|---|---|
| Jan 11, 2026 | Price Decreased |
$2,095,000
↓ $395K
(15.9%) | |
| Price Decreased | |||
| Aug 26, 2025 | No longer available | - | |
| No longer available | |||
| Aug 25, 2025 | Listed by SSC and Company LLC | $2,490,000 | |
| Listed by SSC and Company LLC | |||
| Jul 11, 2025 | Listed by Colorado Realty 4 Less, LLC | $2,495,000 | |
| Listed by Colorado Realty 4 Less, LLC | |||
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LAKE VIEWS FOREVER! Newly built home for seller, but plans have changed. Perched over the cliff with expansive views in all directions over Twin Lakes and the mountain range. Significant privacy all around. 3 Bdr/3 Ba 730 ft.2 deck. High end finishing and Thermador appliances. Oversized 720 sf detached garage with large door. Brand new 40' dual door Conex container for storage on property. Loop driveway and lots of room for parking and toys.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017