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$413,000

NAL Estimated Property Value

16219 Rainbow Lake Rd, Houston, TX, 77095

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,910 Sq Ft
price_per_sqft$147.42 / sqft
Year BuiltBuilt in 1987

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Oven, Microwave, Electric Cooktop, Dishwasher
FlooringCarpet, Tile

Exterior

Private PoolPrivate Pool
Lot Size8,050 sqft

Building Information

Year Built1987
Garage Spaces2

Land Information

APN1167470020004
Lot Number4
SubdivisionCopperfield Southdown Village
Land UseResidential
Legal DescriptionLT 4 BLK 2 COPPERFIELD SOUTHDOWN VILLAGE SEC 5
Census Tract541203
Assessed Land Value$81,313
Assessed Improvement Value$260,826
Assessment Year2025

About this property

You don't find homes like this very often!! Amazingly well maintained. Incredible private backyard oasis. Open floor plan, updated eat-in kitchen w/storage/counter space galore, island and a breakfast bar. (Refrigerator included) Primary bedroom w/updated ensuite - double vanity, his/hers closets, garden tub, shower with frameless glass and hydrophobic coating for easy care. 3 bedrooms up all with walk-in closets, updated bath with double vanity, built-in bookcases in the hallway, game room AND an 11x4.5 storage room with built in shelves for all the Christmas treasures you don't want to carry up attic stairs. Backyard has lush, tropical, mature, low maintenance landscaping, rock waterfall, tanning ledge and even an outdoor half bath. Covered walkway from house to garage, new backyard fence 2024, roof is 4 yrs. Just down the street and a very easy walk to highly rated Lowery Elem. and neighborhood park, great location to Copperfield shopping and restaurants.

Investor Tools

Property Icon
$413,000
Estimated Property Value
$359,858Estimated Mortgage Balance
$53,142Estimated Equity
13% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,574 /month
Positive
Cash Flow Estimate:
$858 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$366/month
$700/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,332
$342,139
2025
$81,313
$260,826
$342,139
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,332
$342,139

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Kyber Mortgage Corp
Conventional
$364,650
No
First
Aug 18, 2025
Sep 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$359,858
$57,142
13%
87%
$2,187/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,640/mo
$2,887/mo
$-247/mo
7.7%

City: Houston

16219 Rainbow Lake Rd | Property Details | No Agent List