650 Rainier Way
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 |
|---|---|---|---|
| Jun 5, 2026 | Sold | ||
| Sold | |||
| May 5, 2026 | In contract | - | |
| In contract | |||
| Apr 17, 2026 | Relisted | $299,999 | |
| Relisted | |||
| Feb 11, 2026 | No longer available | - | |
| No longer available | |||
| Dec 22, 2025 | Listed by eXp Realty of California, Inc. | $299,999 | |
| Listed by eXp Realty of California, Inc. | |||
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Lovely single-story home located in the highly sought-after 55+ Panorama Village community. This well-designed residence offers 2 bedrooms and 2 bathrooms, plus a versatile third room ideal as a den or optional bedroom, along with an additional bonus room, approximately 200 sq ft, currently used as an office or dining area. The spacious primary suite features a private full bath and walk-in closet, while the second bedroom includes a walk-in closet and convenient access to the guest bathroom. All rooms feature ceiling fans for year-round comfort. Hard-surface flooring flows throughout the home, complemented by a spacious kitchen which includes refrigerator, stove, and dishwasher and a large living room perfect for everyday living or entertaining. The easy-care front and backyard, while the backyard offers a large covered concrete patio ideal for relaxing outdoors. Enjoy resort-style living with access to Panorama Village amenities including a golf course, pool, spa, clubhouse, fitness center, library, game rooms, and social spaces, clubhouse with kitchen, auditorium, reception area, crafts room, sauna, shuffleboard courts, poker room with Wi-Fi computer station, and pool room with Brunswick tables. RV storage available to residents for an additional fee.
Central air plus swamp cooler. Single-car garage with interior access, electric opener, laundry area, and ample storage throughout the home. Buyer to verify all information.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017