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$233,000

5523 Rainbow Rd, Baytown, TX, 77523

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,392 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$175.22 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDisposal, Gas Oven, Microwave, Gas Cooktop, Dishwasher, Refrigerator, Washer
FlooringCarpet, Tile

Exterior

Lot Size8,407 sqft

Building Information

Garage Spaces2

Land Information

APN35220-00306-00700-000800
Lot Number8
SubdivisionJosephs Cove
Land UseResidential
Legal DescriptionLOT 8 BK 7 JOSEPHS COVE SEC 3
Census Tract710202
Assessed Land Value$27,900
Assessed Improvement Value$200,980
Assessment Year2025

About this property

Charming Semi Corner-Lot Gem with Curb Appeal. Welcome to this beautifully maintained one-story home nestled on a spacious corner lot, offering extra yard space! From the moment you arrive, you’ll notice the pride of ownership that shines through every detail. Step inside to discover—bright, airy layout perfect for both relaxing and entertaining. Home features a neutral color palette throughout, ready for your personal style. The kitchen, open to dining is a showstopper, boasting granite countertops and ample space to cook and gather. The large primary suite includes a spacious en-suite bathroom, offering a serene retreat after a long day. Enjoy your time under the pergola-covered patio, perfect for lounging in the shade. Refrigerator, washer, and dryer are all included—move-in ready from day one! Located just mins from Hwy 1409, I-10, schools, shopping, and dining. This one is truly a must-see. Schedule your showing today and come fall in love!

Investor Tools

Property Icon
$233,000
Estimated Property Value
$232,707Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,463 /month
Positive
Cash Flow Estimate:
$488 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$162/month
$350/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$777
$228,880
2025
$27,900
$200,980
$228,880
No

Tax History

Year
Tax Paid
Assessed Value
2023
$777
$228,880

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nations Lending Corp
Fha
$232,707
Yes
First
Sep 18, 2025
Oct 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$229,994
$4,006
1%
99%
$1,396/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.

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: Baytown

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5523 Rainbow Rd | Property Details | No Agent List