540 Rainbow Pl
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 |
|---|---|---|---|
| Jul 26, 2024 | Sold | ||
| Sold | |||
| Jun 29, 2024 | In contract | - | |
| In contract | |||
| Jun 21, 2024 | In contract | - | |
| In contract | |||
| Jun 18, 2024 | Listed by RE/MAX Professionals | $775,000 | |
| Listed by RE/MAX Professionals | |||
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Enjoy serene views of the Poudre River just outside your doors, welcome home to 540 Rainbow Place. This 2-story contemporary home is situated on a large cul-de-sac lot, backing to open space and trail system boasting mature trees and landscape. Inside you will be greeted with new luxury vinyl plank flooring, grand ceilings, and tons of natural light. The formal living and dining spaces are ideal for entertaining and unfold to a spacious family room with 2-story tall ceilings, a beautiful gas fireplace, a Juliet balcony, and picture windows that perfectly frame the greenery outside. The well-appointed kitchen includes white cabinetry, a new stainless steel appliance package, pantry, and center island. Step outside onto the new composite deck with cable railings to dine al fresco or entertain all summer long. The deck offers mountain views and connects to a lower covered patio and overlooks the professional landscaping, large lawn, and easy access to the endless trail system and Poudre River. Retreat to your upstairs primary suite, boasting dual walk-in closets, vaulted ceilings, and an ensuite 5-piece bath. Additional features of this turn-key residence include newer interior and exterior paint, a main floor home office, a walk-out basement, an oversized finished 3-car garage, and ample storage space. River West is ideally located within minutes of neighborhood Poudre schools, shopping and dining in Downtown Windsor, major roadways, and River Bluffs Open Space. Do not hesitate to book your showing and see why 540 Rainbow Place is the ideal oasis in a tranquil corner of northern Colorado.
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| Oct 17, 2013 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017