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$310,000

15202 Riley Ridge Ln, Cypress, TX, 77429

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,904 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$162.82 / sqft
Year BuiltBuilt in 2007

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Disposal, Dryer Included, Refrigerator Included, Water Softener, Electric Oven, Microwave, Gas Cooktop, Dishwasher, Instant Hot Water
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesSide Yard
Lot Size7,858 sqft

Building Information

Year Built2007
Garage Spaces2

Land Information

APN1293060010007
Lot Number7
SubdivisionCypress Landing East Amend
Land UseResidential
Legal DescriptionLT 7 BLK 1 CYPRESS LANDING EAST SEC 1 AMEND
Census Tract554406
Assessed Land Value$60,502
Assessed Improvement Value$235,578
Assessment Year2025

About this property

Welcome to 15202 Riley Ridge Ln in Cypress Landing East, located in Cypress, TX 77429. This well-maintained one-story home offers 3 bedrooms, 2 full bathrooms, approximately 1,904 sq ft, & a 2-car garage. Pride of ownership is evident throughout, w/beautiful wood flooring & a functional floor plan offering comfortable spaces for everyday living & entertaining. Major improvements include an HVAC system approximately 2 years old, water heater approximately 2 years old, & roof approximately 7 years old, per seller. Additional features include a water softener & refrigerator that will remain w/the home. The backyard offers a covered patio for outdoor living & entertaining, plus a storage shed providing additional space for lawn equipment, tools, & more. Located in Cypress Landing East w/convenient access to US-290, Grand Parkway/99, shopping, dining, & other Cypress-area amenities. Neighborhood amenities include a community pool, splash pad, playground, & park. Zoned to Cy-Fair ISD.

Investor Tools

$101,480Estimated Mortgage Balance
$202,520Estimated Equity
66% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,860 /month
Positive
Cash Flow Estimate:
$620 /month

Interested in this property?

Kenneth White

Realty Of America, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$246/month
$785/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,435
$296,080
2025
$60,502
$235,578
$296,080
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,435
$296,080

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Independent Bank
Conventional
$115,168
No
First
Jul 31, 2020
Aug 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$101,480
$202,520
66%
33%
$691/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,160/mo
$1,476/mo
+$684/mo
8.5%

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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