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$422,227

NAL Estimated Property Value

16714 Shimmering Lake Dr, Cypress, TX, 77433

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths2,377 Sq Ft
price_per_sqft$165.76 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Water Softener, Electric Oven, Oven, Microwave, Gas Range, Dishwasher
FlooringLaminate, Tile

Exterior

Lot Size9,121 sqft

Building Information

Year Built2006
Garage Spaces2

Land Information

APN1280590010015
Lot Number15
SubdivisionFairfield Village North
Land UseResidential
Legal DescriptionLT 15 BLK 1 FAIRFIELD VILLAGE NORTH SEC 8
Census Tract555704
Assessed Land Value$104,032
Assessed Improvement Value$318,195
Assessment Year2025

About this property

Step into your dream home where every detail has been thoughtfully designed for comfort and style. The backyard offers a stunning view of the serene lake, perfect for peaceful mornings and beautiful sunsets. On the main level, you'll find two spacious primary bedrooms. The first primary suite features breathtaking lake views, a luxurious jetted tub, separate shower, dual sinks, and a generous walk-in closet. The second suite, equally spacious, includes a walk-in closet, separate shower, and a walk-in closet. The heart of the home is the inviting kitchen, complete with a cozy breakfast nook and a large walk-in pantry, ideal for culinary adventures. The living room is warm and welcoming, centered around a charming fireplace- perfect for a gathering with friends and family. A convenient half bath on the first floor adds to the homes functionality. The well sized office provides a quiet retreat for work or study. This home is not a just a place to live-it is a place to love.

Investor Tools

Property Icon
$422,227
Estimated Property Value
$341,635Estimated Mortgage Balance
$80,592Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,533 /month
Positive
Cash Flow Estimate:
$844 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$188/month
$1,086/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$141
$422,227
2025
$104,032
$318,195
$422,227
No

Tax History

Year
Tax Paid
Assessed Value
2024
$141
$422,227

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Highlands Residential Mortgage Ltd
Conventional
$351,000
No
First
Nov 6, 2024
Dec 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$341,635
$80,592
19%
81%
$2,105/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,910/mo
$3,191/mo
$-1,281/mo
5.4%

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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