5980 Rain Dance Trl
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 |
|---|---|---|---|
| Apr 9, 2026 | Sold | ||
| Sold | |||
| Mar 24, 2026 | In contract | - | |
| In contract | |||
| Feb 16, 2026 | Listed | $1,750,000 | |
| Listed | |||
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Located on the prestigious Arrowhead Golf Course, this stunning home offers breathtaking views! Step into the oversized great room featuring a cozy gas log fireplace, hand-scraped engineered hardwood floors, built-in shelving, and expansive windows that perfectly frame the scenic golf course and red rock vistas. The updated kitchen is a chef's dream, equipped with premium Thermador appliances, slab granite countertops, and a tile backsplash. Just off the kitchen, a new expanded composite deck-positioned on the east side of the home-offers a peaceful evening retreat overlooking the fairway. Entertain in style in the formal dining room, which includes a built-in sideboard with a slab granite top and elegant glass-front cabinetry. The study is outfitted with custom built-in bookshelves and large windows that fill the space with natural light. The expansive primary suite is a true sanctuary, showcasing stunning views, gas fireplace, dual walk-in closets, and a newly remodeled spa-like bathroom complete with a freestanding tub, frameless glass shower, and a heated towel bar. A newly updated guest bathroom with a quartz-topped vanity serves the main floor, along with a secondary bedroom located on the opposite side of the home-perfect for privacy-featuring its own brand-new 3/4 bath. The spacious main floor laundry room includes built-in cabinetry, a utility sink, and washer/dryer. Downstairs, the walkout level is designed for entertaining. The family/recreation room features a fully equipped wet bar with a large wine refrigerator, granite countertops, tile backsplash, and even includes the pool table and theater seating! A secondary bedroom on this level offers a great option for a home office, while a large workout/flex space provides endless possibilities. Two additional bedrooms share a beautifully remodeled full bath. There is a flagstone patio with a dry under system for those rainy days. The oversized 3-car garage provides ample space for vehicles, gear, and toys.
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| Nov 5, 2025 | Price Decreased |
$1,800,000
↓ $50K
(2.7%) | |
| Price Decreased | |||
| Aug 22, 2025 | Listed by RE/MAX Edge | $1,850,000 | |
| Listed by RE/MAX Edge | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017