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$328,000

NAL Estimated Property Value

15111 Olmstead Park Drive, Cypress, TX, 77429

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,097 Sq Ft
price_per_sqft$150.21 / sqft
Year BuiltBuilt in 2007

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Convection Oven, Microwave, Gas Range, Dishwasher
FlooringTile, Vinyl

Exterior

Lot Size6,190 sqft

Building Information

Year Built2007
Garage Spaces2

Land Information

APN1270350060037
Lot Number37
SubdivisionPark Creek
Land UseResidential
Legal DescriptionLT 37 BLK 6 PARK CREEK SEC 1
Census Tract554408
Assessed Land Value$60,550
Assessed Improvement Value$252,499
Assessment Year2025

About this property

Charming single story home located in Park Creek. This 4 Bedroom home is ready for the next family. Updated with luxury vinyl plank flooring, painted with modern colors. Walk in entry opens to a great flex space. Works well for formal dining room, office or a play room for the kids. Open concept floor plan with nice island for casual eating or entertaining in the kitchen. White cabinets, microwave and dishwasher replaced. Breakfast room has space for a larger dining table. Large family room has space for all of your furniture. Split floor plan with Primary at the back of the home. Primary retreat incl. double sinks, separate shower and tub and a great walk in closet. 3 front bedrooms with walk in closets and access to hallway bath. Covered back patio for BBQ's. Wooden playset can stay. Small storage shed for tools. Easy access location. Cy-Fair ISD.

Investor Tools

Property Icon
$328,000
Estimated Property Value
$202,122Estimated Mortgage Balance
$125,878Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,968 /month
Positive
Cash Flow Estimate:
$656 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$335/month
$550/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,377
$313,049
2025
$60,550
$252,499
$313,049
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,377
$313,049

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Secure Financial Services Inc
Conventional
$215,000
No
First
Feb 21, 2023
Mar 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$202,122
$125,878
38%
62%
$1,290/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,790/mo
$1,840/mo
+$950/mo
10.2%

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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15111 Olmstead Park Drive | Property Details | No Agent List