27
Map
2902 Rainwood Street
About This Property
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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%.
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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 27, 2025 | Sold | ||
| Sold | |||
| Jul 22, 2025 | In contract | - | |
| In contract | |||
| Jul 10, 2025 | Listed by Keller Williams Realty The Woodlands | $310,000 | |
| Listed by Keller Williams Realty The Woodlands | |||
| Jun 20, 2025 | Listed | $310,000 | |
| Listed | |||
| | |||
|
Charming home in the centrally located Greengate Acres community in Spring, Texas. Sitting on ¾ of an acre, this fabulous property offers endless outdoor possibilities. Enjoy peaceful pond views from your own backyard, complete with a private pier—perfect for relaxing by the water. The expansive yard offers plenty of space for gardening or even adding a workshop. Inside, the galley-style kitchen features stainless steel appliances, and the cozy family room includes a fireplace. The primary suite offers a spacious walk-in closet and a seating area with serene pond views. Two generously sized secondary bedrooms share a full bath, and the formal dining area includes additional seating space—great for gatherings. A detached two-car garage adds convenience. With a low tax rate, this home combines comfort, space, and value. Fantastic location with quick access to I-45, plus nearby shopping and dining. Roof replaced in 2023; water heater in 2021.
| |||
| Jun 6, 2025 | Price Decreased |
$329,000
↓ $19K
(5.5%) | |
| Price Decreased | |||
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About Greengate Acres
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017