7520 Rainwater 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 |
|---|---|---|---|
| Jan 31, 2025 | Sold | ||
| Sold | |||
| Jan 12, 2025 | In contract | - | |
| In contract | |||
| Dec 7, 2024 | Price Decreased |
$1,225,000
↓ $25K
(2%) | |
| Price Decreased | |||
| Oct 22, 2024 | Price Decreased |
$1,250,000
↓ $49K
(3.8%) | |
| Price Decreased | |||
| Sep 27, 2024 | Listed by Allen Tate/Raleigh-Falls Neuse | $1,299,000 | |
| Listed by Allen Tate/Raleigh-Falls Neuse | |||
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Incredible departure from the ordinary in the middle of coveted North Ridge. This home features designer touches yet provides for cozy and comfortable living. Upon entering in the foyer you will note the study with built in bookshelves and library ladder. The spacious dining room easily fits an oversized table and will surely provide memorable dinner parties and views of the vibrant blooming side yard in spring. The well appointed kitchen with center island opens to family room with new top of the line gas log fireplace. There is endless possibilities for outdoor entertaining in the screened porch with vaulted tongue in groove ceiling, opening to the deck and patio with novelty lighting and feature tree uplighting. Upstairs you will find the large primary bedroom with floating bedside cabinets, walk in closet and private luxury bath. Generous size bedrooms throughout. With two staircases the rear staircase leads to the fifth bedroom/bonus room is one of two oversized bonus spaces which is perfect for multi use. The laundry room is complete with built in ironing board, utility sink and drying racks. The finished third floor provides more living space for crafting, game room or office use. You will not lack for storage in the oversize garage that easily fits two cars, Trucks and SUVs, huge pantry and third floor walk in attic. The property is fenced on both sides and in the rear with remote control gate at the driveway for your private oasis complete with hedges, beautiful flowering plants & landscaping that includes remote control irrigation& drip lines, mature trees and up lighting.
Roof (2013) HVAC (2021,2022, Furnace/ AirHandler in 2021 all with annual check & tuneups maintained) Recessed lighting(2021) Landscaping, Grading & Drainage (2022) Wi-Fi Irrigation(2022)Tankless WaterHeater(2022) Fence & Automatic Gate (2022)
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017