45
Map
Video Tour
$599,000 Last Listed Price
●
House -
Off Market
291 E Rainbow Ridge Circle
The Woodlands, TX 77381
4 Beds
2 Baths,
1
Half Bath
2,759 Ft²
$3,466
Est. Monthly
6.16%
Cap Rate
About This Property
So tastefully remodeled & well-maintained, charming family home
offering spacious rooms including huge family room up and inviting
sunroom overlooking lush greenbelt (NO back neighbors!) Enjoy
sitting on shady deck and hearing the fountain and sounds of Forest
Lake duck pond, just minutes from top-rated David Elem. & Collins
Intermed., walking paths, Shadowbend Park, pool, splash pad, tennis
& pickleball courts! One of the largest homes in highly
desirable Sylvan Forest, centrally located in the heart of The
Woodlands for easy commute, minutes from restaurants, shops, and
entertainment! Roof replaced 2023, Dual Zoned Lennox Furnace & AC
2017, recently updated electrical panel, new fence & deck,
remodeled bathrooms & kitchen, top-of-line appliances with
convection oven & air fryer, fresh paint, new 20 mil Luxury Vinyl
Plank & carpet in bedrooms up. Newer washer/dryer, refrig
negotiable. This home is stylish, modern, charming & comfortable!
No flooding, ever! Low property tax rate!
Unit Size
2,759 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$217
Property Type
House
Property Taxes
$524
HOA Dues
-
Year Built
1984
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Cap Rate Calculator
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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: 12 months ago (HAR #87554431)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 15, 2025 | Sold | ||
| Sold | |||
| Sep 5, 2025 | In contract | - | |
| In contract | |||
| Aug 16, 2025 | Listed by Coldwell Banker Realty - The Woodlands | $599,000 | |
| Listed by Coldwell Banker Realty - The Woodlands | |||
| Jun 21, 2025 | Listed | $618,000 | |
| Listed | |||
| | |||
|
So tastefully remodeled & well-maintained, charming family home offering spacious rooms including huge family room up and inviting sunroom overlooking lush greenbelt (NO back neighbors!) Enjoy sitting on shady deck and hearing the fountain and sounds of Forest Lake duck pond, just minutes from top-rated David Elem. & Collins Intermed., walking paths, Shadowbend Park, pool, splash pad, tennis & pickleball courts! One of the largest homes in highly desirable Sylvan Forest, centrally located in the heart of The Woodlands for easy commute, minutes from restaurants, shops, and entertainment! Roof replaced 2023, Dual Zoned Lennox Furnace & AC 2017, recently updated electrical panel, new fence & deck, remodeled bathrooms & kitchen, top-of-line appliances with convection oven & air fryer, fresh paint, new 20 mil Luxury Vinyl Plank & carpet in bedrooms up. Newer washer/dryer, refrig negotiable. This home is stylish, modern, charming & comfortable! No flooding, ever! Low property tax rate!
| |||
Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
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HOA + Taxes
About The Woodlands
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Ann Buist, Coldwell Banker Realty - The Woodlands
Last Updated: 12 months ago
Data Source: HAR , MLS# 87554431
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Last Updated: 12 months ago
Data Source: HAR , MLS# 87554431
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