5550 Rainbow Road
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 |
|---|---|---|---|
| Nov 30, 2021 | Sold | ||
| Sold | |||
| Oct 23, 2021 | Listed by Nextgen Real Estate Properties | $215,000 | |
| Listed by Nextgen Real Estate Properties | |||
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Welcome home to 5550 Rainbow Road! This corner-lot one story home offers an open floor plan and a beautiful kitchen that is in like-new conditions! The home features granite countertops, tall cabinets, and more than enough space in the living area for friends and family. The ample master offers a standing shower with modern tile and a spacious walk-in closet. You will also enjoy the backyard that wraps around the entire home. Joseph Cove residents enjoy the family neighborhood which includes a playground and dog park. With easy access to I-10, it is a straight commute to Houston. Schedule your private tour today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017