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$319,000

NAL Estimated Property Value

16339 Rainbow Lake Rd, Houston, TX, 77095

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,944 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$162.04 / sqft
Year BuiltBuilt in 1986

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Gas Cooktop, Gas Range, Dishwasher

Exterior

Lot Size6,961 sqft

Building Information

Year Built1986
Garage Spaces2

Land Information

APN1165350020041
Lot Number41
SubdivisionCopperfield Southcreek Village
Land UseResidential
Legal DescriptionLT 41 BLK 2 COPPERFIELD SOUTHCREEK VILLAGE SEC 5
Census Tract541205
Assessed Land Value$73,637
Assessed Improvement Value$240,053
Assessment Year2025

About this property

Come check out this fully upgraded home in Copperfield! It is the perfect ranch style home for a family to move into such a fabulous neighborhood with award winning Cy-Fair ISD schools. This 3-4 bedroom, 2 bath home has all new interior paint, all new vinyl flooring, fully updated kitchen and appliances as well as updated bathrooms! The office/study can also serve as a 4th bedroom! This house has a split floor plan as well as two living areas. The lot has a ton of natural light as well as good shade in the backyard from the mature trees! Roof was replaced in 2020. HVAC was replaced within last 5 years. Plumbing has been fully replaced with PEX in 2019. Contact me for a showing!

Investor Tools

Property Icon
$319,000
Estimated Property Value
$249,787Estimated Mortgage Balance
$69,213Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,914 /month
Positive
Cash Flow Estimate:
$638 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$295/month
$645/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,942
$313,690
2025
$73,637
$240,053
$313,690
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,942
$313,690

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Home Mortgage Llc
Conventional
$270,000
No
First
May 12, 2022
Jun 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$249,787
$73,213
22%
78%
$1,619/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,640/mo
$2,264/mo
+$376/mo
9.9%

City: Houston

16339 Rainbow Lake Rd | Property Details | No Agent List