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$445,963

NAL Estimated Property Value

3002 Rainwood Street, Spring, TX, 77388

$455,273 ARVInfo
Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths2,625 Sq Ft
price_per_sqft$188.57 / sqft
Year BuiltBuilt in 2002

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Gas Cooktop, Dishwasher
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Lot Size30,575 sqft

Building Information

Year Built2002
Garage Spaces7

Land Information

APN0964230000054
Lot Number54
SubdivisionGreengate Acres U/R
Land UseResidential
Legal DescriptionLT 54 GREENGATE ACRES U/R
Census Tract555102
Assessed Land Value$90,270
Assessed Improvement Value$355,693
Assessment Year2025

About this property

Unique property for this area of Spring. The home is located 3/4 acre lot with ample parking out front. Great security with a driveway gate and covered RV parking. The 1200 sq. ft. garage is insulated with 220 power, a bathroom and office space that could be used as additional living space. Above the office is decked for storage. The home has an updated kitchen with custom cabinets. The kitchen is open to the living room which has an elevated ceiling. Primary bedroom is down and 2 additional bedrooms up and a loft for extra space for the family upstairs. The patio was recently extended and the cover was tied into the home and has LED lighting and a bead board ceiling. The swimming pool is above ground with a deck built around for a great place to sit and watch the kids swim. The rear of the property extends to the middle of the pond on the back of the property. Centrally located with quick access to shopping and 99. Roof is 3 years old and home is in immaculate condition.

Investor Tools

Property Icon
$445,963
Estimated Property Value
$0Estimated Mortgage Balance
$445,963Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$455,273
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,970 /month
Positive
Cash Flow Estimate:
$990 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$538/month
$50/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,227
$445,963
2025
$90,270
$355,693
$445,963
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,227
$445,963

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$445,963
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,180/mo
$50/mo
+$3,130/mo
8.6%

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.

Explore Texas Explore This Area
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: Spring

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