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$269,000

NAL Estimated Property Value

12303 Drake Prairie Ln, Cypress, TX, 77429

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,584 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$173.61 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesMicrowave, Gas Range, Dishwasher, Oven
FlooringCarpet, Tile

Exterior

Lot Size7,910 sqft

Building Information

Year Built2004
Garage Spaces2

Land Information

APN1244830010001
Lot Number1
SubdivisionRavensway Lake
Land UseResidential
Legal DescriptionLT 1 BLK 1 RAVENSWAY LAKE
Census Tract552301
Assessed Land Value$62,529
Assessed Improvement Value$203,450
Assessment Year2025

About this property

Welcome home to 12303 Drake Prairie! This charming 3 bed, 2 bath home sits on a spacious corner lot in the highly desirable Ravensway Lake neighborhood. Inside, you'll find hardwood floors, a formal dining room, a well-appointed kitchen and a cozy living area with a fireplace. The primary suite features a private en-suite bath complete with a jacuzzi style tub, walk-in shower, double sink vanity, and built in shelving. The other bedrooms offer NEW CARPET and generous walk-in closets. Step outside to enjoy the backyard with plenty of shade and space to relax or play. Enjoy a walk around the beautiful lake right across the street or take advantage of amenities in connected Ravensway neighborhood including 2 pools, a clubhouse, horse stables, and courts for tennis, pickleball, basketball, and sand volleyball. NEVER FLOODED! Schedule your showing today!

Investor Tools

Property Icon
$269,000
Estimated Property Value
$434,870Estimated Mortgage Balance
$269,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,650 /month
Positive
Cash Flow Estimate:
$550 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$192/month
$522/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$953
$265,979
2025
$62,529
$203,450
$265,979
Yes (2022)

Tax History

Year
Tax Paid
Assessed Value
2024
$953
$265,979

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Unknown
$220,000
No
First
Sep 10, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$434,870
N/A
0%
162%
$2,640/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,160/mo
$3,162/mo
$-1,002/mo
9.6%

City: Cypress

12303 Drake Prairie Ln | Property Details | No Agent List