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$423,000

NAL Estimated Property Value

12850 Highland Hills Dr, Cypress, TX, 77429

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,007 Sq Ft
price_per_sqft$146.33 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Off-Market ListAbsentee Owner

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, Dryer, Refrigerator, Washer
FlooringCarpet, Laminate, Tile

Exterior

Lot Size19,998 sqft

Building Information

Year Built1980
Stories1
Garage Spaces2

Land Information

APN1123620000020
Lot Number20
SubdivisionLakewood Forest
Land UseResidential
Legal DescriptionLT 20 BLK 22 LAKEWOOD FOREST SEC 10
Census Tract554702
Assessed Land Value$97,638
Assessed Improvement Value$316,486
Assessment Year2025

About this property

Welcome to this beautiful 4 bedroom, 2 1/2 bath home in Lakewood Forest. All new PEX plumbing re-pipe throughout the home in 2021. Formal living, dining, family room and wet bar w/refrigerator. Kitchen features all SS appliances (refrigerator stays) and a gas cooktop. Large laundry area has enough room for a freezer, in addition to the washer and dryer (staying) and built-in storage cabinet. Primary bathroom has been updated with a huge walk-in shower, rainfall/handheld shower head and double sinks. Large primary bedroom has room for large furniture, also sitting/tv area. Upstairs are 3 large bedrooms, second full bath and a bonus sitting/tv/play area. The backyard is an oasis! It has a covered porch with a swing, two separate patio/bar areas with additional seating, gas grill, bbq smoker, drink refrigerator, covered spa for privacy. Further back is a large grassy area that includes a fire pit sitting area, a trampoline and a play set. All furniture in the backyard is negotiable.

Investor Tools

Property Icon
$423,000
Estimated Property Value
$430,770Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,640 /month
Positive
Cash Flow Estimate:
$880 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$462/month
$700/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,426
$414,124
2025
$97,638
$316,486
$414,124
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,426
$414,124

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Freedom Mortgage Corp
Va
$433,279
Yes
First
Jan 30, 2026
Feb 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$430,770
N/A
0%
102%
$2,598/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,790/mo
$3,298/mo
$-508/mo
7.9%

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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12850 Highland Hills Dr | Property Details | No Agent List