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$142,000

NAL Estimated Property Value

12755 Mill Ridge Dr Apt 604, Cypress, TX, 77429

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,080 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$137.96 / 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
AppliancesElectric Oven, Microwave, Electric Range, Refrigerator, Dishwasher, Washer/Dryer

Exterior

Exterior FeaturesBalcony

Building Information

Year Built1984

Land Information

APN1156570060004
SubdivisionRegency Oaks Condo Ph Ii
Land UseResidential
Legal DescriptionUNIT 604 BLDG F 1.38 U/D INT COMMON LAND & ELE REGENCY OAKS CONDO PH II
Census Tract552304
Assessed Land Value$26,480
Assessed Improvement Value$112,888
Assessment Year2025

About this property

Located in a quiet, well-maintained community, this ground-floor condominium combines comfort with convenience. The inviting living area features a wood-burning fireplace and flows into a kitchen equipped with essential appliances, including a refrigerator and full-size electric dryer connection. The primary bedroom boasts a spacious walk-in closet, enhanced by tiled flooring and fresh paint throughout the home. With its first-floor access and inclusion in the reputable Cy-Fair School district, plus close proximity to shopping, dining, and entertainment, this condo offers a seamless and tranquil living experience.

Investor Tools

Property Icon
$142,000
Estimated Property Value
$28,168Estimated Mortgage Balance
$113,832Estimated Equity
80% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$894 /month
Positive
Cash Flow Estimate:
$298 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$63/month
$448/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$49
$139,368
2025
$26,480
$112,888
$139,368
No

Tax History

Year
Tax Paid
Assessed Value
2024
$49
$139,368

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The Cit Group-Consumer Finance Inc
Credit Line (Revolving) / Heloc
$56,000
No
First
Mar 8, 2007
Apr 2037

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$28,168
$113,832
80%
20%
$336/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$784/mo
+$856/mo
13.9%

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.

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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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12755 Mill Ridge Dr Apt 604 | Property Details | No Agent List