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$284,000

NAL Estimated Property Value

15311 Edison Light Trl, Cypress, TX, 77429

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,776 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$164.98 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Electric Range, Dishwasher, Oven
FlooringTile, Vinyl

Exterior

Lot Size5,040 sqft

Building Information

Year Built2004
Garage Spaces2

Land Information

APN1248480010032
Lot Number32
SubdivisionVillages Of Cypress Lakes
Land UseResidential
Legal DescriptionLT 32 BLK 1 VILLAGES OF CYPRESS LAKES SEC 7
Census Tract554405
Assessed Land Value$54,224
Assessed Improvement Value$218,113
Assessment Year2025

About this property

Great one story home with open floorplan and nice updates! Well kept home has roof and HVAC that were replaced 2024. Luxury vinyl plank flooring is installed throughout the home and is also recent. Exterior was painted recently as well. This plan has high ceilings and the large family room open to the kitchen. A cozy fireplace is a pretty focal point in the room. There's also large windows for great lighting. The breakfast room makes a great home office since there's also a large formal dining area adjacent to the kitchen. The bedrooms are all nice sized with ceiling fans and blinds. And the primary ensuite has double sinks with separate tub/shower and large walk in closet. There's plenty of space in the backyard for playing and gardening. No back neighbors offers plenty of privacy.

Investor Tools

Property Icon
$284,000
Estimated Property Value
$282,627Estimated Mortgage Balance
$1,373Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,758 /month
Positive
Cash Flow Estimate:
$586 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$288/month
$350/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,034
$272,337
2025
$54,224
$218,113
$272,337
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,034
$272,337

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Luminate Bank
Fha
$287,693
Yes
First
May 2, 2025
Jun 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$282,627
$373
0%
100%
$1,725/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,160/mo
$2,075/mo
+$85/mo
9.1%

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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15311 Edison Light Trl | Property Details | No Agent List