78291 Rainbow Drive
About This Property
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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.
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 |
|---|---|---|---|
| Sep 12, 2022 | Sold | ||
| Sold | |||
| Jul 26, 2022 | Listed by HomeSmart | $829,000 | |
| Listed by HomeSmart | |||
| Jul 7, 2022 | Sold | ||
| Sold | |||
| Jun 3, 2022 | Listed by Radius Agent Realty | $749,900 | |
| Listed by Radius Agent Realty | |||
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Welcome to one of the most extraordinary properties in Sun City. This La Lique Floor plan was in the original Model park where the builder placed them on the best lots in Sun City. In an old Listing it is mentioned 'When the first owner stepped onto this South facing covered patio, spent some moments taking in the extraordinary, panoramic scenery and turned to his Realtor and said I'll take it. Only after the buyer said I'll take it did he look at the home. ' Then History repeated itself and it was love at first site for the current owner. Now is your chance to fall in love with this full unobstructed view of the Santa Rosa Mountains, Take in the perfect blend of Gods creation and stunning landscaping situated on the hill near twin waterfalls and lake. So much to enjoy with formal living / dinning room, office addition, stylites, golf cart parking, and an open feel. There are 6 fruit bearing trees to enjoy. The front court yard is open to an additional patio where morning coffee will be nice and peaceful.
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About Desert Palms
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017