3005 Rainbow Glen Rd.
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 |
|---|---|---|---|
| Apr 13, 2018 | Sold | ||
| Sold | |||
| Feb 12, 2018 | Listed by UpCountri Homes & Estates | $740,000 | |
| Listed by UpCountri Homes & Estates | |||
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This is the picture perfect country ranch. Sited on over 5 acres of gorgeous pastoral land, this property features big views, seclusion, a main house, a guest house, extensive outbuildings and top-quality horse keeping facilities. While this is the ideal equestrian estate, the property might also be adapted to many other uses. An electrified gate opens to a stately private drive that winds through majestic live oaks, fenced paddocks and past a picturesque barn. You’ll shortly arrive at the main house, which features a great room, dining area, kitchen, laundry room, powder room and two master bedrooms, each with ensuite baths. Artfully updated with new bathrooms, new interior doors, trim work, and windows. The property also includes a self-contained guest house with bath (plus an optional un-permitted studio apartment with bath). All combined, there is a total of 3390 square feet of living space. 3 car garage with open-air workshop in the back (not permitted). The property has been extensively developed. Solidly built CBS barn has 3 stalls, tack room, fire sprinklers, water, and electricity. Additional facilities include a riding arena, wash rack, pastures, pens, and hay storage. Fully fenced. Barn loft might be suitable for workshop, art studio. There are many other possible uses for these facilities. Barn might be converted to a private winery, workshop, studio, or car collector’s garage. Room for RV, boats, vineyards, etc.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017