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$399,900

16222 Rainbow Lake Rd, Houston, TX, 77095

On MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,781 Sq Ft
price_per_sqft$143.8 / sqft
Year BuiltBuilt in 1988

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesWater Heater, Disposal, Dryer Included, Refrigerator Included, Washer Included, Electric Oven, Microwave, Gas Cooktop, Dishwasher
FlooringTile

Exterior

Exterior FeaturesBack Green Space, Sprinkler System
Lot Size8,734 sqft

Building Information

Year Built1988
Garage Spaces2

Land Information

APN1167470010004
Lot Number4
SubdivisionCopperfield Southdown Village
Land UseResidential
Legal DescriptionLT 4 BLK 1 COPPERFIELD SOUTHDOWN VILLAGE SEC 5
Census Tract541203
Assessed Land Value$81,060
Assessed Improvement Value$329,341
Assessment Year2025

About this property

Rate Buy-Down opportunity, seller is offering up to $10,000 in concessions to buy down your rate. Foundation Warranty is transferable. This meticulously updated home has a new roof, full Pex plumbing, whole home surge protector, all new electrical, and a conveying propane generator. Washer, dryer, and refrigerator also convey with the home. The home has a new driveway and walkway. Complete list of upgrades is attached. This home is move in ready and beautiful.

Investor Tools

$149,800Estimated Mortgage Balance
$260,601Estimated Equity
63% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,462 /month
Positive
Cash Flow Estimate:
$821 /month

Interested in this property?

Jill Smith

eXp Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$378/month
$720/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,484
$410,401
2025
$81,060
$329,341
$410,401
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,484
$410,401

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Coldwell Banker Mortgage
Conventional
$200,250
No
First
Feb 27, 2015
Mar 2045

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$149,800
$260,601
63%
37%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,640/mo
$720/mo
+$1,920/mo
7.7%

City: Houston

16222 Rainbow Lake Rd | Property Details | No Agent List