Street View

1view

Owner Contacts

$366,000

7715 Rainbow Close Ln, Houston, TX, 77055

Off Market

3 Beds

3 Bath

1,506 Sq Ft

Condos / Townhouses

$211.44 / sqft

Built in 2020

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesENERGY STAR Qualified Appliances, Water Heater, Disposal, Gas Oven, Microwave, Gas Cooktop, Dishwasher, Instant Hot Water, Refrigerator

FlooringVinyl

Exterior

Lot Size1,411 sqft

Building Information

Year Built2020

Garage Spaces1

Land Information

APN1410150010007

Lot Number7

Land UseResidential

Legal DescriptionLT 7 BLK 1 COLINA HOMES ON JACQUELYN DRIVE

Census Tract520302

Assessed Land Value$155,805

Assessed Improvement Value$201,474

Assessment Year2025

About this property

Welcome to the newest gated community in Spring Branch. Lexington Luxury Spring Branch offers a boutique gated community of 40 homes including 4 different floor plans with 2 and 3 story layouts. Your home will include tankless water heaters, granite or quartz in the kitchen and all baths, wood on stairs, iron balusters, luxury flooring, stainless steel appliances, smart home technology and much more. WASHER/ DRYER/ FRIDGE INCLUDED! Wonderful shopping, dining and healthcare located within minutes at Memorial City. For GPS, use Jacquelyn Dr. READY MAY 2021! Pictures are representative. Model home located at 7703 Rainbow Close lane.

Investor Tools

$366,000

Estimated Property Value

$302,507Estimated Mortgage Balance

$90,803Estimated Equity

17% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,196 /month

Positive

Cash Flow Estimate:

$732 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$402/month

$900/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,996

$357,279

2025

$155,805

$201,474

$357,279

Tax History

Year

Tax Paid

Assessed Value

2024

$2,996

$357,279

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

First United Bank & Trust Co

Conventional

$302,507

First

Aug 16, 2021

Sep 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$275,197

$82,082

22%

75%

$1,814/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,722/mo

$2,714/mo

$-992/mo

5.6%

Learn About the Market: Opportunity in Houston

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Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

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