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$227,040

12523 Ravensway Center Dr Unit 311, Cypress, TX, 77429

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,249 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$180.14 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Disposal, Electric Oven, Microwave, Free-Standing Range, Washer/Dryer Stacked, Dishwasher, Washer/Dryer, Oven
FlooringTile

Building Information

Year Built2017
Garage Spaces1

Land Information

APN1290120030010
SubdivisionRavensway T/H Condo I Amend
Land UseResidential
Legal DescriptionUNIT 311 BLDG 3 .0347 INT COMMON LAND & ELE RAVENSWAY T/H CONDO I & II 2ND AMEND
Census Tract552301
Assessed Land Value$43,138
Assessed Improvement Value$183,902
Assessment Year2025

About this property

Discover this charming 1-story condo/townhouse featuring 2 spacious bedrooms, 2 modern bathrooms, and a 1-car garage. The kitchen boasts stunning granite countertops with island, soft close cabinets & drawers & black appliances. There is elegant wood-look tile flooring throughout. High ceilings create a bright and airy atmosphere in the living and dining room, perfect for relaxation or entertaining guests. Both bedrooms offer tray ceilings and generous walk-in closets, while a convenient utility room adds extra functionality. Enjoy outdoor living in your private fenced backyard, complete with a cozy patio—ideal for morning coffee or evening unwinding.

Investor Tools

Property Icon
$227,040
Estimated Property Value
$230,000Estimated Mortgage Balance
$746Estimated Equity
-1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,362 /month
Positive
Cash Flow Estimate:
$454 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$221/month
$195/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,511
$227,040
2025
$43,138
$183,902
$227,040
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,511
$227,040

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Research Center Llc
Conventional
$230,000
No
First
Jun 2, 2025
Jul 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$226,294
$746
0%
100%
$1,379/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$1,574/mo
+$66/mo
8.7%

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.

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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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12523 Ravensway Center Dr Unit 311 | Property Details | No Agent List