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$307,000

NAL Estimated Property Value

16815 Promenade Park, Cypress, TX, 77429

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,774 Sq Ft
price_per_sqft$140.92 / sqft
Year BuiltBuilt in 2012

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

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

Exterior

Lot Size5,881 sqft

Building Information

Year Built2012
Garage Spaces2

Land Information

APN1301740010012
Lot Number12
SubdivisionPark Creek
Land UseResidential
Legal DescriptionLT 12 BLK 1 PARK CREEK SEC 3
Census Tract554408
Assessed Land Value$60,225
Assessed Improvement Value$231,984
Assessment Year2025

About this property

Welcome home to 16815 Promenade Park! Don't miss the opportunity to snatch up this precious, single-story home in the pretty, Cypress community of Park Creek. This home has easy access to Hwy 99 & Hwy 290, so getting around town is a snap! Shopping, dining, parks, entertainment - anything you may want or need is close-by. While the list of amenities in the area is notable, the home has some wonderful, energy-efficient components you are sure to love. The fabulous layout of the floorplan is open and flexible. The fresh paint throughout and recently intalled durable, vinyl plank flooring are beautiful. Whether you are looking for the perfect place for quiet moments or fun times, this home is for you! From the main living area to the extended covered patio, your new home is full of cozy spaces where you can make your memories. Check out this gem while you can!

Investor Tools

Property Icon
$307,000
Estimated Property Value
$0Estimated Mortgage Balance
$307,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,842 /month
Positive
Cash Flow Estimate:
$614 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$280/month
$250/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,824
$292,209
2025
$60,225
$231,984
$292,209
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,824
$292,209

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$310,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,160/mo
$250/mo
+$1,910/mo
8.4%

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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16815 Promenade Park | Property Details | No Agent List