3 Rainbow Terrace
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 |
|---|---|---|---|
| Sep 26, 2024 | Sold | ||
| Sold | |||
| Aug 27, 2024 | In contract | - | |
| In contract | |||
| Aug 18, 2024 | Listed by Century 21 North East | $588,888 | |
| Listed by Century 21 North East | |||
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This home is ready to grow with you! Views of Crane River from this loving Cape Cod style home on a quiet side street off Water St, and close to Beverly/Salem/Peabody. The already walk up attic has a unfinished space that could make this 2 bedroom home a 4 easily or primary suite. Lower level family room just needs flooring but additional space for future in law or kept as a family room. Kitchen is dated but massive and leads out to backyard with a stunning in-ground pool, irrigation system and well manicured oasis. Enclosed attached back room patio area adds another space to enjoy backyard cookouts, exercise room or etc. Endless possibilities and a "Must See" well maintained with lots of major updates through out the years roof, heating system, windows and water tank etcc.. Chase the rainbow and don't miss out on making this home yours and not an illusion! *Offer Deadline Monday 8/26 5pm.*
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017