9 Rainbow Falls Drive
About This Property
The manager has listed the unit size as 1404 square feet.
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Cap Rate Calculator
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 5, 2024 | No longer available | - | |
| No longer available | |||
| Sep 17, 2023 | Price Decreased |
$69,900
↓ $2K
(2.9%) | |
| Price Decreased | |||
| Jun 16, 2023 | Price Decreased |
$72,000
↓ $28K
(27.9%) | |
| Price Decreased | |||
| Apr 13, 2023 | Listed | $99,900 | |
| Listed | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/12/2024
| |
2 Bed
|
2 Bath
|
1404 ft²
|
$69,900
2 Bed
2 Bath
1404 ft²
|
-
-
|
Jeff Gilster
Global Homes
|
|
04/13/2023
| |
2 Bed
|
2 Bath
|
1404 ft²
|
$99,900
2 Bed
2 Bath
1404 ft²
|
-
-
|
Angela Cavell
SURF N TURF REAL ESTATE LLC
|
Building Info
About Ormond Beach
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