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$2,550

12406 Drake Prairie Lane, Cypress, TX, 77429

On MarketInfo
LeaseInfo
Beds4 Beds
Baths2 Bath
Baths2,218 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.15 / sqft
Year BuiltBuilt in 2005

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesMicrowave, Electric Cooktop, Dryer, Refrigerator, Washer, Dishwasher
FlooringLaminate, Tile

Exterior

Lot Size7,200 sqft

Building Information

Year Built2005
Garage Spaces2

Land Information

APN1244830040002
Lot Number2
SubdivisionRavensway Lake
Land UseResidential
Legal DescriptionLT 2 BLK 4 RAVENSWAY LAKE
Census Tract552301
Assessed Land Value$77,400
Assessed Improvement Value$278,048
Assessment Year2025

About this property

Beautiful 1-story waterfront home located in the desirable Ravensway Lake community. This 4-bedroom, 2-bath property offers approximately 2,218 sqft. of living space with a functional open-concept layout designed for comfortable everyday living and entertaining. The spacious family room features a cozy gas fireplace and flows seamlessly into the formal dining area, breakfast nook, and kitchen with a breakfast bar and abundant cabinetry overlooking the living space. The versatile 4th bedroom can also serve as a private home office or study with walk-in closet. The primary suite features a jetted tub, generous closet space, and serene backyard views. Step outside to enjoy stunning lake views from the covered patio, perfect for relaxing or entertaining guests. A walking trail is conveniently located just behind the backyard, offering the perfect setting for morning walks, jogging, or evening strolls. Conveniently located near shopping, dining, and highly rated Cy-Fair ISD schools.

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HomeSmart

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$201/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$637
$355,448
2025
$77,400
$278,048
$355,448
No

Tax History

Year
Tax Paid
Assessed Value
2024
$637
$355,448

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nextmortgage Llc
Conventional
$328,500
No
First
Mar 1, 2023
Apr 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$308,823
$46,625
13%
87%
$1,970/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,790/mo
$1,970/mo
+$820/mo
9.4%

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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12406 Drake Prairie Lane | Property Details | No Agent List