$505,000
11203 Cypress Way Dr, Houston, TX, 77065
On Market
Just Added
Property Lead Type:
Must-SellDeal ListAbsentee OwnerHigh Equity
Highlights
Interior
AppliancesElectric Oven, Microwave, Gas Cooktop, Dishwasher
FlooringCarpet, Laminate, Tile
Exterior
Exterior FeaturesBalcony
Lot Size20,626 sqft
Building Information
Year Built2006
Garage Spaces5
Land Information
APN1061700000022
Lot Number22
SubdivisionCypress Place R/P U/R
Land UseResidential
Legal DescriptionLT 22 CYPRESS PLACE R/P U/R
Census Tract552402
Assessed Land Value$105,591
Assessed Improvement Value$537,953
Assessment Year2025
About this property
This upgraded home is priced below market value. The property includes a covered carport, RV/boat parking, and an enclosed, insulated porch with A/C and heat. NO HOA Highlights include a whole-house generator, tankless water heater, steam shower, pergola with tiled patio, and a dedicated server room. The home also offers a water softener stainless steel appliances, custom cabinets, and a walk-in pantry. Two bedrooms feature private balconies, the fourth includes a study, and the backyard is enhanced with fruit trees and a powered 12x16 shed.
Investor Tools
$279,285Estimated Mortgage Balance
$365,984Estimated Equity
56% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,861 /month
Positive
Cash Flow Estimate:
$1,287 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$526/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,092
$643,544
2025
$105,591
$537,953
$643,544
No
Tax History
Year
Tax Paid
Assessed Value
2024
$3,092
$643,544
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amcap Mortgage Ltd
Conventional
$315,000
No
First
Aug 6, 2020
Sep 2035
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$279,285
$364,259
56%
43%
$1,889/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,500/mo
$1,889/mo
+$611/mo
4.7%
