2954 RAINBOW Road
About This Property
Discover the perfect blend of vintage charm and modern convenience in this delightful 2-bedroom, 1-bath home. Built with sturdy block construction, this home offers low-maintenance living and peace of mind thanks to its many recent updates, including a new roof, a newer HVAC system, and a new water heater.
Inside, you'll find a cozy yet functional layout, ideal for first-time buyers, downsizers, or anyone seeking an affordable, move-in-ready property. The home's central location ensures easy access to shopping, dining, schools, and more-making your daily commute a breeze.
Affordable, updated, and centrally located-this home is a rare find! Schedule your showing today and make it yours!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Feb 5, 2025 | Sold | ||
| Sold | |||
| Dec 26, 2024 | In contract | - | |
| In contract | |||
| Dec 17, 2024 | Relisted | $250,000 | |
| Relisted | |||
| Dec 3, 2024 | In contract | - | |
| In contract | |||
| Nov 27, 2024 | Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | $250,000 | |
| Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017