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$281,500
● House - Off Market

50 Rainbow Drive

bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,074 Ft²
$696,491
RealtyHop Estimate
140.25%
Since Mar 1, 2003
National-US
Primary Model

About This Property

WONDERFUL YOUNG COLONIAL W/MANY UPDATES; CERAMIC TILE FLRS CARPETING & MORE. FRONT TO BACK LIVING RM. SITUATED IN NEWER BRADFORD NEIGHBRHD-CONVENIENT TO HIGHWAY. FINISHED LL AND SPACIOUS RMS.EXPANSIVE DECK. ON LOCKBOX-EASY TO SHOW.
Unit Size
2,074 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$140
Property Type
House
Property Taxes
$221
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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.

Last updated: 4 years ago (MLSPIN #30671467)

Price History

Date / Event Date Event Price
Feb 27, 2003 Sold
Premium
Sold
Nov 27, 2002 Listed by Keller Williams Realty Evolution $289,900
Listed by Keller Williams Realty Evolution

Property Highlights

Parking Available
Interior Details
Level: First
Width: 12
Length: 11
Area: 132
Level: Second
Area: 56
Width: 8
Length: 7
Area: 48
Length: 8
Level: First
Width: 6
Level: Second
Width: 13
Length: 10
Area: 130
Width: 11
Length: 13
Level: First
Area: 143
Length: 13
Level: First
Area: 299
Width: 23
Width: 13
Length: 10
Area: 130
Level: Second
Length: 21
Level: Basement
Width: 14
Area: 294
Level: Second
Length: 24
Width: 13
Area: 312
Features: No
Half Bathrooms: 1
Full Bathrooms: 1
Flooring Type: Tile, Vinyl, Carpet
Rooms: 8
Basement: Full, Finished, Interior Entry
Parking Details
Parking Features: Paved Drive, Off Street
Exterior Details
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Single Family Residence
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Patio and Porch Features: Deck
Lead Paint: None
Lot Size Area: 0.23
Lot Size Units: Acres
Lot Size Acres: 0.23
Zoning: RES
Parcel Number: 1940587
Water Source: Public, City/Town Water
Financial Details
Tax Assessed Value: $194,900
Tax Annual Amount: $2,647
Utilities Details
Cooling Type: 3 or More
Heating Type: Forced Air, Electric Baseboard

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30671467
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