$135,000 Last Listed Price
●
House -
Off Market
2218 Rainbow Drive
Houston, TX 77023
3 Beds
2 Baths
1,268 Ft²
$139,578
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model
About This Property
OLDER HOME NEEDS UPDATING IN QUIET RESIDENTIAL AREA. SOLD AS IS.
NICE FENCED TREED YARD.
HOME IS IN VERY POOR CONDITION AND SOLD FOR LOT VALUE. NO SELLERS DISCLOSURE REQUIRED. ESTATE SALE.
Enter at your own risk. Sheetrock and insulation have caved in.
MULTIPLE OFFERS RECEIVED- PLEASE PRESENT YOUR HIGHEST AND BEST OFFER BY FEBRUARY 4, 2022 USING ATTACHED ADDENDA.
HOME IS IN VERY POOR CONDITION AND SOLD FOR LOT VALUE. NO SELLERS DISCLOSURE REQUIRED. ESTATE SALE.
Enter at your own risk. Sheetrock and insulation have caved in.
MULTIPLE OFFERS RECEIVED- PLEASE PRESENT YOUR HIGHEST AND BEST OFFER BY FEBRUARY 4, 2022 USING ATTACHED ADDENDA.
Unit Size
1,268 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$106
Property Type
House
Property Taxes
$166
HOA Dues
-
Year Built
1940
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 4 months ago (HAR #91071851)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 16, 2024 | Sold | ||
| Sold | |||
| Feb 14, 2024 | In contract | - | |
| In contract | |||
| Jan 7, 2024 | Listed by REALM Real Estate Professionals - Sugar Land | $314,999 | |
| Listed by REALM Real Estate Professionals - Sugar Land | |||
| | |||
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With easy access to UH, TSU, downtown, Hobby airport, and major freeways, this house was taken down to the studs and remodeled with an open concept to assimilate new construction: all new wiring, electrical panel, and riser, new PEX plumbing lines, sewer lines, wall insulation, sheetrock, kitchen cabinetry, Quartz counters, Italian hand made Subway Tile Backsplash, large format tiles in both bathrooms, designer grade plumbing, and electrical fixtures, Luxury Vinyl Plank flooring, new internal and external doors, energy efficient windows, new stainless appliance package, new Hardie siding, fresh exterior and interior paint, new landscaping, refinishes driveway, new fence for front and back yard and more.
| |||
| Aug 1, 2022 | Sold | ||
| Sold | |||
| Jan 22, 2022 | Listed by Evan S. Howell, Inc. | $135,000 | |
| Listed by Evan S. Howell, Inc. | |||
| | |||
|
OLDER HOME NEEDS UPDATING IN QUIET RESIDENTIAL AREA. SOLD AS IS. NICE FENCED TREED YARD.
HOME IS IN VERY POOR CONDITION AND SOLD FOR LOT VALUE. NO SELLERS DISCLOSURE REQUIRED. ESTATE SALE.
Enter at your own risk. Sheetrock and insulation have caved in.
MULTIPLE OFFERS RECEIVED- PLEASE PRESENT YOUR HIGHEST AND BEST OFFER BY FEBRUARY 4, 2022 USING ATTACHED ADDENDA.
| |||
Property Highlights
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Listed by: Evan Howell, Evan S. Howell, Inc.
Last Updated: 4 months ago
Data Source: HAR , MLS# 91071851
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Last Updated: 4 months ago
Data Source: HAR , MLS# 91071851
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