8113 Rainbow Drive
About This Property
The home features a well-appointed kitchen with gas appliances and a charming breakfast nook, along with a separate dining room ideal for hosting family and friends. A bright sunroom adds extra living space and creates the perfect spot to relax and enjoy the natural surroundings.
The private primary suite is tucked away from the secondary bedrooms, offering a peaceful retreat complete with a large jetted tub, separate shower, and walk-in closets. The three additional bedrooms are spacious and versatile, perfect for family, guests, or a home office.
Step outside to a massive backyard featuring a large covered deck with electric, ideal for outdoor entertaining, as well as a dedicated dog run. Just a short walk to Lake Ray Hubbard, with boat ramps only minutes away, this home offers a true lake-life lifestyle at an exceptional value.
Combining space, privacy, and an unbeatable location, 8113 Rainbow Drive is a fantastic opportunity to enjoy comfortable lakeside living in Rowlett.
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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 |
|---|---|---|---|
| Mar 9, 2026 | Sold | ||
| Sold | |||
| Feb 27, 2026 | In contract | - | |
| In contract | |||
| Feb 11, 2026 | Relisted | $295,000 | |
| Relisted | |||
| Feb 4, 2026 | In contract | - | |
| In contract | |||
| Jan 29, 2026 | Listed by Keller Williams Realty DPR | $295,000 | |
| Listed by Keller Williams Realty DPR | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017