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$461,000

NAL Estimated Property Value

16211 Rainbow Lake Rd, Houston, TX, 77095

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,370 Sq Ft
price_per_sqft$140.89 / sqft
Year BuiltBuilt in 1987

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Gas Cooktop, Dishwasher, Refrigerator, Cooktop
FlooringCarpet, Slate, Tile, Wood

Exterior

Private PoolPrivate Pool
Lot Size8,050 sqft

Building Information

Year Built1987
Garage Spaces3

Land Information

APN1167470020006
Lot Number6
SubdivisionCopperfield Southdown Village
Land UseResidential
Legal DescriptionLT 6 BLK 2 COPPERFIELD SOUTHDOWN VILLAGE SEC 5
Census Tract541203
Assessed Land Value$81,313
Assessed Improvement Value$370,756
Assessment Year2025

About this property

YOU WILL ABSOLUTELY NOT WANT TO MISS OUT ON OWNING THIS LUXURIOUS MASTERPIECE PROPERTY! THE OWNERS LOVINGLY INVESTED OVER $160,000 IN CUSTOM UPGRADES INCL:NEW 30 YR ROOF($24K) ULTRA HIGH END BELLA WOOD BRAZILIAN WOOD FLOORING THROUGHOUT MAIN LIVING AREAS & STAIRS W SLATE RISERS & IRON BALUSTERS($18K)TOTAL PRIMARY BATH REMODEL W RICH HARD MAPLE CABINETRY*ENLARGED DOUBLE SHOWER W CUSTOM STONE INLAYS,FRAMELESS SHOWER DOOR & SLATE FLOORING ($30K)KITCHEN UPGRADES:GRANITE COUNTERS,TRAVERTINE BCKSPLSH,CUSTOM FAUX STAINED CABINETRY*ALL BATHROOMS UPSTAIRS REMODELED($11K)ALL NEW PAINT UPSTAIRS,CROWN MOLDING,BASEBOARDS,CABINETS($8K) 2 COMPLETE HVAC SYSTEMS W NEW DUCT WORK & NEST SYSTEM($15K) HIGH END FIXTURES,LIGHTING & CEILING FANS THROUGHOUT($3K) POOL REPLASTERED,NEW FILTER.POOL HEATER,GAS LINE,POOL LIGHTS, PUMP & POLARIS ($15K) ALL NEW PRO LANDSCAPING*WIFI CONTROLLED SPRINKLER SYSTEM*THIS SPECTACULAR HOME IS TRULY A "ONE IN A MILLION" & IDEALLY LOCATED ON "THE PREMIER STREET" IN COPPERFIELD!

Investor Tools

Property Icon
$461,000
Estimated Property Value
$421,067Estimated Mortgage Balance
$39,933Estimated Equity
9% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,849 /month
Positive
Cash Flow Estimate:
$950 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$478/month
$645/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,437
$452,069
2025
$81,313
$370,756
$452,069
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,437
$452,069

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gateway First Bank
Conventional
$451,060
No
First
Oct 12, 2022
Oct 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$421,067
$45,933
9%
91%
$2,705/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,640/mo
$3,350/mo
$-710/mo
6.9%

City: Houston

16211 Rainbow Lake Rd | Property Details | No Agent List