3 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 |
|---|---|---|---|
| Jun 27, 2024 | Sold | ||
| Sold | |||
| Apr 25, 2024 | Listed by Coldwell Banker Realty - Worcester | $639,900 | |
| Listed by Coldwell Banker Realty - Worcester | |||
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Hardwood flooring throughout entire house. Two story family room w/fireplace. Open sunfilled living room. First floor office. Magnificant kitchen with white cabinets, stainless steel appliances, with dark granite counter tops and custom tile backsplash Peninsula seats 4. Recessed lighting plus pendant lighting.Large master bedroom with vaulted ceiling, full bath with tub and separate shower plus dressing area closet. There are 3 additional bedrooms on the second floor plus a fabulous laundry room. Central Air, Gas Generator, New Roof, and Solar Panels: These upgrades enhance comfort, energy efficiency, and value. Enjoy Worcesters finest restaurants, hospitals, cultural centers and athletics!
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| Dec 27, 2002 | Sold | ||
| Sold | |||
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Address: 335 Madison Avenue, New York, NY 10017