24352 NW HEMLOCK AVENUE
About This Property
Welcome to this stylish new construction home in Rainbow Park, one of Marion County fastest-growing communities!
Featuring 3 bedrooms, 2 bathrooms, and a 1-car garage, this home is ideal for first-time buyers or
investors-with no HOA fees.
Enjoy a bright, open-concept layout with a modern kitchen equipped with stainless steel appliances, granite
countertops, and plenty of storage. The master suite includes a private bath and walk-in closet, with two
additional bedrooms perfect for guests or a home office. This home also benefits from Rainbow Park' rapid
development-new schools, shops, and businesses are being built, adding value and convenience. With easy
access major highways, this home offers modern living in a community full of promise.
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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 |
|---|---|---|---|
| Sep 4, 2026 | Sold | ||
| Sold | |||
| Jun 19, 2026 | In contract | - | |
| In contract | |||
| Apr 25, 2026 | Price Decreased |
$214,990
↓ $5K
(2.2%) | |
| Price Decreased | |||
| Mar 20, 2026 | Price Decreased |
$219,900
↓ $10K
(4.4%) | |
| Price Decreased | |||
| Feb 15, 2026 | Listed by HOMERUN REALTY | $230,000 | |
| Listed by HOMERUN REALTY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017