818 N Rainbow Drive
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 |
|---|---|---|---|
| Aug 3, 2021 | Sold | ||
| Sold | |||
| Jun 3, 2021 | Listed by Real People Realty, Inc. | $235,000 | |
| Listed by Real People Realty, Inc. | |||
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Come take a look at this beautiful five bed and two full bathroom home! You won't believe the amount of space this home has. On top of that, it's located in the very desirable Homewood - Flossmoor school district. The first floor has a living and dining room area, three bedrooms, a full bathroom with a bluetooth speaker exhaust fan, and an updated kitchen with granite countertops fully equipped with stainless steel appliances. The finished basement is improved with two large bedrooms, another full bathroom, and a bar area that's great for in home entertainment. Let's not forget about the backyard that's also perfect for entertainment with the huge deck and the fire pit area. Don't miss this opportunity to own this beautiful home!
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| Aug 28, 2017 | Sold | ||
| Sold | |||
| May 31, 2017 | Listed by Nelly Corp Realty | $139,900 | |
| Listed by Nelly Corp Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017