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$285,000
● House - Off Market

52 Rainbow Drive

bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,600 Ft²
$652,727
RealtyHop Estimate
125.16%
Since Oct 1, 2003
National-US
Primary Model

About This Property

GREAT YOUNG CAPE W/MANY UPDATES. EAT IN KITCHEN W/CERAMIC FLRS TO OPEN DINING RM W/BIRCH HWD FLRS. OPEN LIV RM W/FRENCH DOORS & HWD. FAMILY RM OPENS TO MULTI LEVEL DECK IN LG YARD W/FENCE & POOL. CENTRAL AIR.GREAT OPPORTUNITY!
Unit Size
1,600 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$181
Property Type
House
Property Taxes
$229
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 #30751297)

Price History

Date / Event Date Event Price
Sep 30, 2003 Sold
Premium
Sold
Jul 30, 2003 Listed by Keller Williams Realty Evolution $289,900
Listed by Keller Williams Realty Evolution

Property Highlights

Air Conditioning
Parking Available
Fireplace
Interior Details
Level: First
Width: 14
Length: 11
Features: Flooring - Stone/Ceramic Tile
Area: 154
Level: Second
Features: Bathroom - Full, Closet - Linen, Flooring - Stone/Ceramic Tile
Level: Second
Features: Flooring - Wall to Wall Carpet
Width: 13
Length: 10
Area: 130
Width: 12
Features: Ceiling Fan(s), Flooring - Hardwood
Length: 13
Level: First
Area: 156
Features: Flooring - Wall to Wall Carpet
Width: 13
Length: 10
Area: 130
Level: Second
Features: Bathroom - Full, Closet - Linen, Flooring - Stone/Ceramic Tile
Level: First
Length: 13
Level: First
Area: 169
Features: Flooring - Hardwood
Width: 13
Length: 13
Level: First
Features: Flooring - Wall to Wall Carpet
Width: 13
Area: 169
Features: Ceiling Fan(s), Flooring - Wall to Wall Carpet
Level: Second
Length: 23
Width: 13
Area: 299
Features: No
Full Bathrooms: 2
Interior Features: Central Vacuum
Appliances: Range, Dishwasher, Refrigerator, Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Dryer
Flooring Type: Wood, Tile, Carpet
Laundry Features: Washer Hookup
Rooms: 7
Has Fireplace
Fireplace Features: Living Room
Basement: Full
Parking Details
Parking Features: Paved Drive, Off Street
Exterior Details
Security Features: Security System
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Single Family Residence
Building Area Units: Square Feet
Window Features: Storm Window(s), Screens
Construction Materials: Frame
Patio and Porch Features: Deck
Lead Paint: None
Pool Features: Above Ground
Pool is Private
Lot Size Area: 0.23
Lot Size Units: Acres
Lot Size Acres: 0.23
Zoning: RES
Parcel Number: 1940588
Water Source: Public, City/Town Water
Financial Details
Tax Assessed Value: $206,800
Tax Annual Amount: $2,744
Utilities Details
Utilities: for Gas Range, for Gas Dryer, Washer Hookup
Cooling Type: Central Air
Heating Type: Forced Air, Natural Gas
Sewer : Public Sewer, City/Town Sewer
Location Details
Community Features: Public Transportation, Shopping, Pool, Walk/Jog Trails

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# 30751297
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