Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    170 Rainbow Dr Covington Twp, PA 18424

    View on Map
    Sponsored
    For Sale
    $89,999

    LAND - Covington Twp, PA

    Lot size:
    0.14 Acres
    Days on Market:
    101
    Last Refresh:
    Mar 6 at 12:06 pm

    Property Features for 170 Rainbow Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MPRV
    APN
    22801030090
    Lot size
    0.14 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Shared Septic
    Water source
    Well

    Building Details

    Additional Structures
    Gazebo

    We can help!

    Listing Contact
    Mindy Lynn Holt

    Iron Valley Real Estate Greater Scranton (570) 300-4766

    Listing agent Mindy Lynn Holt (570) 300-4766

    Listing date Nov 26, 2025

    MLS# SC256069 Listing URL

    Copyright © 2025 Greater Scranton Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Serene Retreat in Eagle Lake

    Located in the Nature Section of Eagle Lake Recreation Community, this property offers a blend of peace, comfort, and outdoor beauty. The spacious lot is pea-graveled and includes a park model RV with vinyl siding, a vinyl-sided shed, and a Florida room. The interior features stainless steel full-size appliances, LVP flooring, new blinds, and ceiling fans. An expansive deck and an outdoor kitchen provide spaces for relaxation and outdoor dining. Eagle Lake Recreation Community offers amenities such as an Olympic-size swimming pool, sandy beaches, boating and fishing, sports courts, walking trails, playgrounds, and year-round recreational activities. The property is located in Covington Twp, Lackawanna County, PA, and has a lot size of 0.14 acres. Eagle Lake is zoned MPRV and is not intended for residential or year-round living.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Building Supply Kitchen & Bath Showroom Plumbing Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Covington Twp
    County
    Lackawanna
    State
    Pennsylvania
    Longitude
    -75.458498
    Latitude
    41.274474

    Nearby Similar for Sale

    • New
      $130,000
      0.13 Acres

      Turnkey RV Lot in Eagle Lake

      Fully equipped RV lot with park model and many amenities.
      44 Cedar Dr, Covington Twp, PA 18424
      View Details
    • New
      $35,000
      0.13 Acres

      Recreational Land in Eagle Lake

      Park model RV in Eagle Lake Community with many amenities.
      102 Canoe Corridor, Covington Twp, PA 18424
      View Details
    • $1,555,000
      22,883 SF

      Commercial Property in North Pocono

      Commercial property with income potential in the North Pocono business district.
      418 Daleville Hwy, Covington Twp, PA 18444
      View Details
    • New
      $120,000
      0.13 Acres

      Land in Eagle Lake Adventure

      One-bedroom park model RV in Eagle Lake Recreation Community.
      116 Explorer Path, Covington Twp, PA 18424
      View Details
    • New
      $48,000
      0.13 Acres

      Cozy Park Model in Eagle Lake

      Two-bedroom park model with updates and community amenities.
      32 Mardi Gras Mall, Covington Twp, PA 18424
      View Details
    • $99,000
      0.13 Acres

      Pocono Getaway in Eagle Lake

      2-bedroom park model in a premier recreational community.
      WI2158 Quail Trl, Covington Twp, PA 18444
      View Details
    • $39,000
      0.14 Acres

      Charming RV in Eagle Lake

      One-bedroom park model RV in a recreational community.
      165 Birch Ter, Covington Twp, PA 18424
      View Details
    • $80,000
      0.15 Acres

      Park Model RV in Community

      Seasonal RV park model with amenities in Eagle Lake Community.
      191A Pathfinder Pl, Covington Twp, PA 18424
      View Details
    • $85,000
      0.13 Acres

      Land in Eagle Lake Community

      Charming property in Eagle Lake Recreation Community with many amenities.
      157 Olmstead Rd, Covington Twp, PA 18424
      View Details
    • $39,999
      0.13 Acres

      Park Model RV in Community

      Charming park model RV with community amenities near Beach 2.
      123 Porcupine Pl, Covington Twp, PA 18424
      View Details
    • $39,000
      0.13 Acres

      Park Model RV in Eagle Lake

      Charming one-bedroom RV in a recreation community.
      253 Recreation Run, Covington Twp, PA 18424
      View Details
    • $101,500
      0.14 Acres

      Eagle Lake Cottage Property

      Cottage in Eagle Lake Recreation Community with many amenities.
      64 Cowboy Corridor, Covington Twp, PA 18424
      View Details

    FAQs

    What type of property is this?
    Mobile home & RV park - Escape to nature with comfort and outdoor beauty.
    Where is this mobile home & rv park located?
    The property is located at 170 Rainbow Dr Covington Twp, PA.
    What is the asking price?
    The asking price for this property is $89,999.
    What are key features of this property?
    This property features: - Located in the serene Nature Section of Eagle Lake Recreation Community; - Includes a park model RV with vinyl siding, a vinyl-sided shed, and a Florida room; - Features stainless steel full-size appliances and LVP flooring inside the RV
    (570) 266-2451
    Request Owner's contact information
    170 Rainbow Dr Covington Twp, PA 18424
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    170 Rainbow Dr
    Covington Twp, PA 18424
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    170 Rainbow Dr Covington Twp, PA 18424
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Mindy Lynn Holt
    Real Estate License ID: RS362560
    (570) 266-2451 (570) 300-4766
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!