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$415,000

NAL Estimated Property Value

16707 Shimmering Lake Dr, Cypress, TX, 77433

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,496 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$166.27 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Dishwasher
FlooringCarpet, Tile

Exterior

Lot Size7,423 sqft

Building Information

Year Built2006
Garage Spaces2

Land Information

APN1280590020011
Lot Number11
SubdivisionFairfield Village North
Land UseResidential
Legal DescriptionLT 11 BLK 2 FAIRFIELD VILLAGE NORTH SEC 8
Census Tract555704
Assessed Land Value$69,897
Assessed Improvement Value$323,334
Assessment Year2025

About this property

You won’t want to miss this beautifully maintained one-owner home located in the highly desirable Fairfield community in Cypress, TX, within the exclusive gated Lake Crest section! This inviting 1-story, 3-bedroom, 2-bath home features an open-concept layout with high ceilings, abundant natural light, and plantation shutters throughout. The spacious living room offers a cozy fireplace and flows seamlessly into the kitchen and dining areas, perfect for everyday living and entertaining. The private primary suite is a relaxing retreat with a spa-like bath featuring dual vanities, quartz countertops, a soaking tub, and separate shower. Enjoy outdoor living with a covered patio, pergola, and beautifully landscaped backyard ideal for relaxing or hosting guests. Fairfield offers resort-style amenities including pools, parks, lakes, trails, and tennis courts, with convenient access to Hwy 290, the Grand Parkway, shopping, and dining. Move-in ready and a must-see!

Investor Tools

Property Icon
$415,000
Estimated Property Value
$0Estimated Mortgage Balance
$415,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,490 /month
Positive
Cash Flow Estimate:
$830 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$183/month
$1,200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$120
$393,231
2025
$69,897
$323,334
$393,231
No

Tax History

Year
Tax Paid
Assessed Value
2024
$120
$393,231

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$411,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,910/mo
$1,200/mo
+$710/mo
5.5%

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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16707 Shimmering Lake Dr | Property Details | No Agent List