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259 E Rainbow Ridge Circle
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 |
|---|---|---|---|
| Sep 17, 2026 | Price Decreased |
$469,900
↓ $15K
(3.1%) | |
| Price Decreased | |||
| Sep 8, 2026 | Listed by Coldwell Banker Realty - The Woodlands | $485,000 | |
| Listed by Coldwell Banker Realty - The Woodlands | |||
| Aug 18, 2026 | Price Decreased |
$485,000
↓ $9K
(1.8%) | |
| Price Decreased | |||
| Aug 11, 2026 | Price Decreased |
$494,000
↓ $5K
(1%) | |
| Price Decreased | |||
| Jul 2, 2026 | Listed by Coldwell Banker Realty - The Woodlands | $499,000 | |
| Listed by Coldwell Banker Realty - The Woodlands | |||
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Beautifully maintained and thoughtfully updated, this light-filled home features brand-new roof (June 2026), new HVAC system (2024), freshly painted interior, and updated kitchen and bathrooms. Backing to a peaceful greenbelt with direct access to miles of hike and bike trails, this is the kind of neighborhood where kids still ride their bikes, neighbors walk their dogs, and families spend time outdoors. Walk to top-rated David Elementary and Collins Intermediate, Shadow Bend Park & Pool, soccer fields, basketball court, tennis & pickleball courts, and stocked fishing pond. Inside, enjoy spacious living areas, tile & luxury vinyl plank flooring, gas fireplace, and screened back porch overlooking the greenbelt. Shopping, dining, & entertainment are all just minutes away! One of the lowest property tax rates around! Come see the lovely Home, then take a walk through the wonderful neighborhood! You can always make a house your own-but you only get one chance to choose the right location!
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About The Woodlands
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$3,450 /mo
- 3 Beds
- 2 Baths
- 2,658 ft²
$3,495 /mo
- 4 Beds
- 2 Baths
- 2,331 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017