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$273,000

NAL Estimated Property Value

5623 Rainbow Rd, Cove, TX, 77523

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,782 Sq Ft
price_per_sqft$135.8 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
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

Property Icon
$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

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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

City: Cove

5623 Rainbow Rd | Property Details | No Agent List