31 Rainbow Drive
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 17, 2026 | Sold | ||
| Sold | |||
| Mar 17, 2026 | In contract | - | |
| In contract | |||
| Mar 11, 2026 | Listed by Century 21 North East | $597,500 | |
| Listed by Century 21 North East | |||
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Unleash the potential of this well-maintained Bradford “diamond” where location, layout, and opportunity converge at 31 Rainbow Drive. Perfectly positioned for commuters, A rare chance for buyers with vision to create something truly special. The expansive main level features a generously sized living room with a fireplace, flowing into an open kitchen and dining area with direct access to the deck. First-floor half bath and laundry. Upstairs, you’ll find three bedrooms, including two generously oversized rooms, along with a full bathroom. The lower level adds even more versatility with a full bath featuring a stand-up shower and a basement ready to be finished for additional living space. Outside, enjoy the backyard with an in-ground pool for your personal summer retreat. Major systems have been regularly serviced, and solar panels installed in 2015 contribute to energy efficiency. Buyers bring YOUR vision! Offer deadline Monday, 16th at 5:00 PM.
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| Jan 28, 2010 | Sold | ||
| Sold | |||
| Sep 11, 2009 | Listed | $299,900 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017