78111 Rainbow Drive
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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%.
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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.
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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 |
|---|---|---|---|
| Aug 5, 2022 | Sold | ||
| Sold | |||
| Jul 15, 2022 | Listed by Compass | $569,000 | |
| Listed by Compass | |||
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Sun City Palm Desert - Sonora. Located on a corner lot, down the street from the Mountain View Clubhouse and Recreation Center, this home has all the appointments of a model home, because it was one. The corner lot with lush landscaping, a gated courtyard with patio and door with leaded glass insert provide curb appeal and function. The rear yard has a spacious tile patio, in ground pebbletec spa and a BBQ island with stacked stone facade. Inside, 10ft ceilings and transom windows provide a light and open environment. Diagonally laid tile is in all but the bedrooms. The greatroom has a gas fireplace with caste stone surround, a custom built-in media center and shutters. The well-appointed kitchen has granite counters, stainless appliances, recessed lighting, extensive cabinetry with inset glass and a desk unit. The upgraded raised panel cabinetry with antiqued effect can be found in the kitchen, bathrooms and laundry. The elegant den/office has shutters, crown molding and wainscoting. Double doors open to the primary suite that has a slider to the rear yard and a large walk-in closet with built-in storage. The primary suite bathroom has a stall shower, oversize tub and dual sinks; all with stone tile surfaces. A shower tub with tile surfaces is in the guest bathroom. The guest bedroom has mirrored wardrobe doors. The laundry room has extensive storage and a utility sink. The 2 car garage also has built-in storage.
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| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| May 7, 2020 | Sold | ||
| Sold | |||
| Mar 30, 2020 | In contract | - | |
| In contract | |||
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About Desert Palms
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$5,500 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017