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$391,000

NAL Estimated Property Value

4806 Rainbow Cir, Killeen, TX, 76543

Off MarketInfo
Baths1 Bath
Baths4,570 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$84.25 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Off-Market ListAbsentee OwnerVacant Homes

Highlights

Interior

Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Electric Water Heater, Disposal, Oven, Refrigerator, Water Heater
FlooringCarpet, Ceramic Tile

Exterior

Lot Size8,999 sqft

Building Information

Year Built1984
Stories2
Roof Type105

Land Information

APN52620
Lot Number10
SubdivisionEvening Hollow 3rd Extension
Land UseResidential
Legal DescriptionEVENING HOLLOW 3RD EXTENSION, BLOCK 012, LOT 0010
Census Tract022104
Assessed Land Value$56,000
Assessed Improvement Value$275,233
Assessment Year2025

About this property

Discover this exceptional all-brick quad-plex, perfectly nestled in a tranquil cul-de-sac, offering both privacy and convenience. What could be better than a townhome-style unit? Each of these well-appointed units comes with its very own fireplace, creating a cozy ambiance for residents to enjoy. This investment opportunity features three occupied units and one vacant, making it ideal for savvy FHA or VA buyers looking to expand their portfolio or get one started. Each unit is designed for comfort, boasting 2 spacious bedrooms and 1.5 baths. The thoughtfully placed half bath on the main floor ensures convenience for guests, while the upstairs bedrooms provide a peaceful retreat. With its attractive price point and solid rental history, this quad-plex represents a fantastic investment opportunity. Don't miss your chance to see this gem—schedule a visit today.

Investor Tools

Property Icon
$391,000
Estimated Property Value
$299,665Estimated Mortgage Balance
$91,335Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,346 /month
Positive
Cash Flow Estimate:
$782 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$731/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,815
$331,233
2025
$56,000
$275,233
$331,233
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,815
$331,233

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cake Mortgage Corp
Unknown
$303,200
No
First
Sep 18, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$299,665
$91,335
23%
77%
$1,818/mo

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: Killeen

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4806 Rainbow Cir | Property Details | No Agent List