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$139,999

12755 Mill Ridge Dr Apt 101, Cypress, TX, 77429

On MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,122 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$124.78 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Electric Range, Dryer, Refrigerator, Washer/Dryer Stacked, Washer, Dishwasher, Washer/Dryer
FlooringVinyl

Exterior

Exterior FeaturesCourtyard, Balcony

Building Information

Year Built1984

Land Information

APN1156570010001
SubdivisionRegency Oaks Condo
Land UseResidential
Legal DescriptionUNIT 101 BLDG A 1.59 U/D INT COMMON LAND & ELE REGENCY OAKS CONDO PH I
Census Tract552304
Assessed Land Value$27,486
Assessed Improvement Value$117,175
Assessment Year2025

About this property

Updated 2-bed, 2-bath end-unit Condo in the quiet Regency Oaks Cypress community. This second-floor condo offers an open-concept layout, a spacious living area, and a large balcony perfect for entertaining; it also has extra storage. All appliances are brand new except for the microwave. The HOA amenities include water, sewer, trash service, a swimming pool, clubhouse, and more. This lovely home is conveniently located near top-rated schools, popular restaurants, major retailers, and a variety of local activities. Schedule your showing today!

Investor Tools

$0Estimated Mortgage Balance
$144,661Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$868 /month
Positive
Cash Flow Estimate:
$289 /month

Interested in this property?

Nancy Zeman

Texas United Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$158/month
$530/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,169
$144,661
2025
$27,486
$117,175
$144,661
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,169
$144,661

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$144,661
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$530/mo
+$1,110/mo
13.6%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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