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Owner Contacts

$415,000

NAL Estimated Property Value

16019 Rainbow Lake Rd, Houston, TX, 77095

$447,333 ARV

Off Market

4 Beds

3 Bath

3,620 Sq Ft

Single Family Residence

$91.16 / sqft

Built in 1987

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4

Bathrooms Full 3

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Double Oven, Microwave, Electric Cooktop, Dishwasher

FlooringCarpet, Tile

Exterior

Lot Size8,433 sqft

Building Information

Year Built1987

Garage Spaces2

Land Information

APN1167470030010

Lot Number10

SubdivisionCopperfield Southdown Village

Land UseResidential

Legal DescriptionLT 10 BLK 3 COPPERFIELD SOUTHDOWN VILLAGE SEC 5

Census Tract541203

Assessed Land Value$80,577

Assessed Improvement Value$334,423

Assessment Year2025

About this property

Beautifully updated 2-story home in the well-established community of Copperfield Southdown Village. Move-in ready! 4 bedrooms, 3.5 bathrooms, both formals, gameroom and study upstairs. Gorgeous wood-look tile flooring downstairs, crown molding, white cabinetry, wood burning fireplace with tile surround. Gourmet kitchen is open to the family room and features granite countertops, glass tile backsplash, stainless steel appliances, double ovens, island with built-in wine rack and breakfast bar. Large master retreat with plush carpet, ceiling fan, crown molding and a private bathroom complete with an extended dual sink vanity, whirlpool tub, separate shower and walk-in closet. All upstairs bedrooms and gameroom are spacious with plush carpet and walk-in closets. Sizable backyard with patio, detached garage. Zoned to CFISD schools.

Investor Tools

$415,000

Estimated Property Value

$279,106Estimated Mortgage Balance

$135,894Estimated Equity

32% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

$447,333

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,490 /month

Positive

Cash Flow Estimate:

$830 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$372/month

$620/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,391

$415,000

2025

$80,577

$334,423

$415,000

Tax History

Year

Tax Paid

Assessed Value

2024

$2,391

$415,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Amcap Mortgage Ltd

Conventional

$310,400

First

Feb 4, 2021

Mar 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$279,106

$135,894

32%

67%

$1,862/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,640/mo

$2,482/mo

+$158/mo

7.6%

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