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311 Rainbow Court
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 |
|---|---|---|---|
| May 7, 2019 | Sold | ||
| Sold | |||
| Mar 12, 2019 | Listed by Merrill & Associates Real Estate | $565,000 | |
| Listed by Merrill & Associates Real Estate | |||
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Well maintained 3 bedroom, 2 bath home situated on a cul-de-sac in Paso Robles. As you enter this single level home, you are greeted with a sense of warmth and charm. Ample natural light enhances the living room, breakfast nook and family room/dining room. The centrally located kitchen, overlooking multiple rooms is well equipped with granite counter space, plentiful cabinet storage, large single basin sink overlooking one of the rear garden areas and a stainless steel appliance package. The master suite features a double door entry, sliding patio door with built in blinds and rear yard access, bath with spacious walk in closet, recently remodeled shower and dual vanities. Other interior amenities include solar tubes, efficient whole house fan, large soaking basin in laundry room, storage cabinets located strategically throughout the home. Recently painted garage with epoxy floor. As you wander through the rearyard you will find a concrete walkway around the home, large storage shed adjacent to a raised vegetable garden bed. There are multiple landscaping regions coupled with a myriad of outdoor entertaining areas including the covered patio adjacent the breakfast nook and kitchen, raised deck area with decorative accent lighting, shade beneath the redwood tree where the current hammock resides and a jacuzzi situated to maximize the view of the rear yard with privacy.
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| Sep 9, 2016 | Sold | ||
| Sold | |||
| Jul 20, 2016 | Listed by Mark Farley Realty | $459,900 | |
| Listed by Mark Farley Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017