6460 Rainbow Heights Rd.
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 |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Jul 28, 2021 | Price Increased |
$720,000
↑ $41K
(6%) | |
| Price Increased | |||
| Jul 28, 2021 | In contract | - | |
| In contract | |||
| Jul 19, 2021 | Listed by Keller Williams Realty | $679,000 | |
| Listed by Keller Williams Realty | |||
| | |||
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Coined "Casa Dulce" or "The Sweet House," this charming MODERN FARMHOUSE was once the site of the historic chocolate factory to Rainbow. Nestled atop the mountains, overlooking a preserve and valley, you will feel peacefully tucked away, yet close enough to the conveniences of North County & Temecula. With nearly 1 acre of fully enclosed property, the possibilities are endless for your toys, projects or to let your animals sprawl. In spring, the mature manicured grounds come to life with flowers & greenery, complete with automated irrigation systems that feed your citrus, peach, plum, avocado and apple trees and large boulders that surround the property add to its rustic charm. On a clear day you may even be able to catch glimpse of the ocean through the oak, pine and eucalyptus trees that shade the grounds. Tastefully updated and improved throughout, with a brand new roof ($25K value + transferable warranty), new exterior & interior paint & beautiful kitchen and bathrooms. Two master-sized bedrooms, one with its own private entrance & a third guest suite tucked away by itself. This home is made for entertaining, with a great-room style layout between the kitchen, family room & covered patio that all connect. The manager has listed the unit size as 2448 square feet.
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| Jun 3, 2019 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017