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$415,000

16222 Rainbow Lake Rd, Houston, TX, 77095

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths2 Bath
Baths2,781 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$149.23 / 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

Welcome to this beautifully renovated one-story home where every detail has been thoughtfully updated! The versatile floor plan features 4 bedrooms, 2 full bathrooms, a formal dining room, and a flex room perfect for a home office, playroom, or media space. Major improvements include recent roof, electrical wiring, PEX plumbing, doors, light fixtures, hardware, cabinetry with pull-out shelves and soft close drawers, new driveway, new sidewalk, whole home surge protector and more. The stunning kitchen showcases quartz countertops, modern Samsung appliances, and the refrigerator, washer, and dryer are all included. Hue lighting and wood-look tile throughout. Step outside to a private backyard with a pergola, tranquil waterfall, mature fruit trees, a new fence, no back neighbors, and direct access to the green space behind the home. A propane generator also conveys, making this truly move-in ready! Complete list of features is attached. Make your showing appointment today!

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
$2,490 /month
Positive
Cash Flow Estimate:
$830 /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%

Learn About the Market: Opportunity in Houston

Local Market Pages
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Explore

Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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16222 Rainbow Lake Rd | Property Details | No Agent List