558 N Rainbow Lake Rd Wichita, KS 67235

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3 beds · 3 baths · 3,184 sq ft · Lot Size: 25,700 sq ft · Single Family Home · Rainbow Lakes West
Est. Property Value: $413,555

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558 N Rainbow Lake Rd is in the Rainbow Lakes West neighborhood of Wichita, KS. It is located in Sedgwick County and ZIP code 67235. This Single Family Home was built in 1976 and is approximately 49 years old. The single family home spans 3184 sq ft with 3 bedrooms and 3 bathrooms and sits on a 25700 sq ft lot. According to public records, it has a tax-assessed value of $375,700, which is $130 per sq ft. The Rainbow Lakes West area of Wichita has 89 residential homes with an average size of 3184 sq ft. Analyze and compare real estate investment strategies for properties like this home at 558 N Rainbow Lake Rd Wichita, KS 67235 with Property Intel by Whitepages.

Owners & Occupancy for 558 N Rainbow Lake Rd

This property is owned by Rene B Martinez. Owner contact information includes 5 phone numbers and 1 email address.

Property Owners

Cell Phone(316) ***-****View Cell Phone
Residence***********
Landline(620) 773-3278
Distance from Property**********
Email Address**************@aol.comView Email

Occupancy

Current Occupancy*****View Occupancy
Resident 1*************** age 60
Resident 2**************

Property Financials for 558 N Rainbow Lake Rd

558 N Rainbow Lake Rd, Wichita, KS has no known mortgage. The Sedgwick county assessment for 2024 values it at $375,700, with annual taxes of $6,669.

Property Tax

Property Tax Amount$6,669 in 2024
Assessed Value$375,700 on 2024

Investment Potential for 558 N Rainbow Lake Rd

The property has a current estimated value of $413,555, which is 16% above the neighborhood median. Projected long-term rental income is $37,200 annually ($3,100 per month) with a 97% occupancy rate.

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Long-Term

Gross Rental
$37,200 per year($3,100 per month)
Net Operating Income
Cap Rate
Occupancy Rate
97%in 67235 zip code
 
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Property Details for 558 N Rainbow Lake Rd

Property Details

Property Sq Ft

Living Area

3,184 sq ft

0% above market

Lot Size

25,700 sq ft

69% above market

Price Per Sq Ft

Living Area

$130 / sq ft

13% above market

Lot Size Area

$16 / sq ft

27% below market

Property condition, age, exterior, etc. for 558 N Rain…
Longitude: -97.495721 Latitude: 37.691254 Parcel Number (APN): 146-24-0-21-01-006.00…

Recommended Properties in Rainbow Lakes West

Discover more single family homes near 558 N Rainbow Lake Rd in Wichita, Kansas. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 558 N Rainbow Lake Rd in Sedgwick County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$413,555
$209,099
$204,456 (98%)
YoY Price Change
2.1%
-176%
Year Built
1976
1965
11 years
Living Space
3,184 sq ft
1,509 sq ft
1675 (111%)
$ Per Living Sq Ft
$130
$131
-$1 (-1%)
Lot Size
25,700 sq ft
10,761 sq ft
14939 (139%)
$ Per Lot Sq Ft
$16
$17
-$1 (-7%)

Net Operating Income
$14,765
$7,775 (53%)
Annual Revenue
$37,200
$22,200
$15,000 (68%)
$7,159
$7,501 (105%)
Net Operating Income
$14,765
$7,775 (53%)
Cap Rate
7.31%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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