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$675,000

12315 Terrace Cove Ln, Cypress, TX, 77433

On MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,723 Sq Ft
price_per_sqft$181.31 / sqft
Year BuiltBuilt in 2011

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Gas Cooktop, Dishwasher, Instant Hot Water
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesBack Green Space, Sprinkler System
Lot Size7,619 sqft

Building Information

Year Built2011
Garage Spaces2

Land Information

APN1303360030054
Lot Number54
SubdivisionCove
Land UseResidential
Legal DescriptionLT 54 BLK 3 COVE SEC 3
Census Tract543004
Assessed Land Value$165,661
Assessed Improvement Value$492,645
Assessment Year2025

About this property

This gorgeous home has countless upgrades and is ready for a new family. Located on the lake AND a cul-de-sac lot. Within walking distance to Pope Elementary. Features include tile and wood flooring, stained crown molding and chair rail in the study. Gourmet island kitchen features triple crown molding, stainless steel appliances, upgraded granite, pendant lighting, convection oven/microwave and custom mosaic stone backsplash. Open floor plan with high ceiling, crown molding, floor to ceiling stone fireplace in the family room. Spacious master suite. Master bathroom has dual sinks, framed mirrors, granite, jacuzzi tub and separate shower. Huge game room and media room upstairs. Secondary bedrooms and bathrooms good size. Updated lighting and hardware throughout. New interior paint. Amazing attic with plenty of storage. Awesome covered patio with gorgeous stone fireplace, extended patio, view of the lake. 2 car garage with epoxy floors, great storage. Must see!

Investor Tools

$358,005Estimated Mortgage Balance
$300,301Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,050 /month
Positive
Cash Flow Estimate:
$1,350 /month

Interested in this property?

Amy Lippincott

eXp Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$567/month
$1,200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,515
$658,306
2025
$165,661
$492,645
$658,306
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,515
$658,306

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cardinal Financial Company Lp
Va
$408,000
Yes
First
May 12, 2020
Jun 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$358,005
$300,301
45%
54%
$2,447/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,250/mo
$3,647/mo
$-397/mo
5.9%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Cypress

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12315 Terrace Cove Ln | Property Details | No Agent List