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$228,000

NAL Estimated Property Value

5550 Rainbow Rd, Cove, TX, 77523

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,335 Sq Ft
price_per_sqft$161.05 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesMicrowave, Dishwasher

Exterior

Lot Size6,490 sqft

Building Information

Garage Spaces2

Land Information

APN35220-00306-00300-000100
Lot Number1
SubdivisionJosephs Cove
Land UseResidential
Legal DescriptionLOT 1 BK 3 JOSEPHS COVE SEC 3
Census Tract710202
Assessed Land Value$27,900
Assessed Improvement Value$192,800
Assessment Year2025

About this property

Welcome home to 5550 Rainbow Road! This corner-lot one story home offers an open floor plan and a beautiful kitchen that is in like-new conditions! The home features granite countertops, tall cabinets, and more than enough space in the living area for friends and family. The ample master offers a standing shower with modern tile and a spacious walk-in closet. You will also enjoy the backyard that wraps around the entire home. Joseph Cove residents enjoy the family neighborhood which includes a playground and dog park. With easy access to I-10, it is a straight commute to Houston. Schedule your private tour today!

Investor Tools

Property Icon
$228,000
Estimated Property Value
$203,102Estimated Mortgage Balance
$24,898Estimated Equity
11% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,368 /month
Positive
Cash Flow Estimate:
$456 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$183/month
$350/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,053
$220,700
2025
$27,900
$192,800
$220,700
No

Tax History

Year
Tax Paid
Assessed Value
2023
$1,053
$220,700

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primelending A Plainscapital Company
Va
$221,991
Yes
First
Nov 30, 2021
Dec 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$203,102
$26,898
11%
89%
$1,331/mo

City: Cove

5550 Rainbow Rd | Property Details | No Agent List