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$409,073

NAL Estimated Property Value

20318 Rainflower Bay Ln, Richmond, TX, 77407

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths1,855 Sq Ft
price_per_sqft$209.16 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesWater Heater, Disposal, Ice Maker, Microwave, Gas Cooktop, Dishwasher, Oven, Water Purifier
FlooringCarpet, Tile

Exterior

Lot Size5,520 sqft

Building Information

Year Built2022
Garage Spaces2

Land Information

APN3528-26-003-0510-907
Lot Number51
SubdivisionGrand Mission Estates Sec 26
Land UseResidential
Legal DescriptionGRAND MISSION ESTATES SEC 26, BLOCK 3, LOT 51
Census Tract672903
Assessed Land Value$80,850
Assessed Improvement Value$328,223
Assessment Year2025

About this property

Want a New home that's turn key with warranties, location, affordability? Located in Grand Mission Estates (minutes from shopping, schools, and fast mobility to Houston or surrounding area, this Coventry built home was purchased for a corporate transfer that never happened. Now offered at a discount from new build prices, the home is ready for quick move-in boasting a new refrigerator, and washer/dryer. The floor plan is open concept with tile throughout the continuous kitchen, breakfast room, and living areas. With a new home feel, this home was built with all the latest amenities, look, and efficiencies. At 4 bedrooms and 3 full baths, the master bedroom includes an extended sitting area, ensuite bathroom featuring a spacious closet, double vanity, soaking tub, and separate shower. The modern feel kitchen has a gas range, farm sink, and excellent counter space for entertaining. Laundry area is designed for the quickcdrop backpack/shoes when entering the house. This is a MUST see!

Investor Tools

Property Icon
$409,073
Estimated Property Value
$345,630Estimated Mortgage Balance
$63,443Estimated Equity
15% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,454 /month
Positive
Cash Flow Estimate:
$818 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$722/month
$875/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,622
$409,073
2025
$80,850
$328,223
$409,073
No

Tax History

Year
Tax Paid
Assessed Value
2025
$6,622
$409,073

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Kind Lending Llc
Conventional
$365,750
No
First
May 8, 2023
Jun 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$345,630
$63,443
15%
84%
$2,193/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,050/mo
$3,068/mo
$-18/mo
8.9%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Richmond

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20318 Rainflower Bay Ln | Property Details | No Agent List