38
Map
4015 Rainbow Circle
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 |
|---|---|---|---|
| Oct 30, 2026 | Listed by Coldwell Banker Belle Realty | $229,900 | |
| Listed by Coldwell Banker Belle Realty | |||
| May 7, 2026 | No longer available | - | |
| No longer available | |||
| Jan 16, 2026 | Price Decreased |
$224,900
↓ $10K
(4.3%) | |
| Price Decreased | |||
| Nov 5, 2025 | Listed by Coldwell Banker Belle Realty | $234,900 | |
| Listed by Coldwell Banker Belle Realty | |||
| | |||
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The perfect INVESTOR OPPORTUNITY awaits within this extraordinarily well-maintained 3 bedroom, 2 bathroom, 1 car garage home. Located on an oversized corner lot and surrounded by stately oaks, this home has it all including a reliable, single tenant who wants to continue to call this quiet Port LaBelle property, home. No need to interview countless applicants to find just the right tenant when this gentleman already maintains the comfortable home - both inside and out, as well as the lovely yard. BONUS: The home's metal roof was replaced in 2019 and in 2020, all the appliances were replaced as well as the bathrooms and kitchen, the A/C unit, the insulation and the flooring throughout. The home's interior and exterior were also painted in 2020 completing a thorough upgrade of the entire home. So, with an extended lease in place (through 2030), you just need to sit back, relax and let this property work for you. Call today for more information.
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| Nov 6, 2019 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017