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$267,000

NAL Estimated Property Value

2238 Rainbow Dr Drive, Houston, TX, 77023

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,406 Sq Ft
price_per_sqft$194.88 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size7,214 sqft

Building Information

Year Built1940
Stories1
Garage Spaces2

Land Information

APN0700430020011
Lot Number11
SubdivisionMarlo Place
Land UseResidential
Legal DescriptionLT 11 BLK 2 MARLO PLACE
Census Tract311200
Assessed Land Value$88,977
Assessed Improvement Value$101,297
Assessment Year2025

Investor Tools

Property Icon
$267,000
Estimated Property Value
$271,390Estimated Mortgage Balance
$267,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,644 /month
Positive
Cash Flow Estimate:
$548 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$427/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,784
$190,274
2025
$88,977
$101,297
$190,274
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,784
$190,274

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Movement Mortgage
Fha
$267,563
Yes
First
Mar 28, 2025
Apr 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$271,390
N/A
0%
102%
$1,663/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$1,663/mo
$-356/mo
5.9%

City: Houston

2238 Rainbow Dr Drive | Property Details | No Agent List