$273,000
NAL Estimated Property Value5623 Rainbow Rd, Cove, TX, 77523
Off Market
Property Lead Type:
Off-Market ListAbsentee Owner
Highlights
Interior
AppliancesDisposal, Microwave, Electric Range, Dishwasher
FlooringCarpet, Tile
Exterior
Lot Size11,543 sqft
Building Information
Garage Spaces2
Land Information
APN35220-00306-00500-003100
Lot Number31
SubdivisionJosephs Cove
Land UseResidential
Legal DescriptionLOT 31 BK 5 JOSEPHS COVE SEC 3
Census Tract710202
Assessed Land Value$32,900
Assessed Improvement Value$232,240
Assessment Year2025
About this property
This precious home has great curb appeal! It sits on a large 11,543 sq. ft lot. Inside, you will be welcomed to a freshly painted 3 bedroom home. This home includes a bonus room that can be used as an office or easily converted to a 4th bedroom. The spacious primary bedroom has beautiful French doors opening to the large back yard. This home has many upgrades including granite in the kitchen and bathrooms as well as tile flooring. This home also includes a Ring Doorbell and 3 Ring security cameras. Room measurements are to be verified by the buyer.
Investor Tools
$273,000
Estimated Property Value
$245,887,435Estimated Mortgage Balance
$273,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,638 /month
Positive
Cash Flow Estimate:
$546 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$213/month
$380/month
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,193
$265,140
2025
$32,900
$232,240
$265,140
No
Tax History
Year
Tax Paid
Assessed Value
2025
$1,193
$265,140
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Goldman Sachs Mortgage Company
Building Or Construction Loan
$267,752,000
No
First
Jan 28, 2022
N/A
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$245,887,435
N/A
0%
90069%
$1,605,309/mo
