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$442,000

NAL Estimated Property Value

16822 Paynes Creek Dr, Cypress, TX, 77433

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,520 Sq Ft
price_per_sqft$186.51 / sqft
Year BuiltBuilt in 2011

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Gas Range, Dishwasher
FlooringCarpet, Tile, Wood

Exterior

Lot Size6,373 sqft

Building Information

Year Built2011
Garage Spaces2

Land Information

APN1321300010002
Lot Number2
SubdivisionLakeland Heights
Land UseResidential
Legal DescriptionLT 2 BLK 1 LAKELAND HEIGHTS SEC 3
Census Tract543007
Assessed Land Value$72,126
Assessed Improvement Value$365,401
Assessment Year2025

About this property

Nestled in Lakeland Heights, this beautiful, waterfront 4 BD, 2.5 BA home offers a wonderful living experience. This home is handicapped friendly. Exceptional curb appeal, lush landscaping, a welcoming front porch. Step inside to discover elegant tile flooring and a soothing color palette. French door office provides the perfect work-from-home space. The gourmet island kitchen with granite countertops, tile backsplash, and stainless steel appliances, flows seamlessly into the expansive living room with wood flooring and abundant natural light. The primary suite features a spa-like ensuite with a soaking tub, separate shower, and huge closet. Upstairs game room and three secondary bedrooms offer ample space for family and guests. Enjoy outdoor living on the covered patio with a paver extension, perfect for a fire pit. New AC condenser installed in 2023. Located near numerous amenities, shopping, and entertainment options, this home offers the ideal blend of comfort and convenience.

Investor Tools

Property Icon
$442,000
Estimated Property Value
$404,563Estimated Mortgage Balance
$37,437Estimated Equity
9% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,820 /month
Positive
Cash Flow Estimate:
$940 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$215/month
$1,300/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$371
$437,527
2025
$72,126
$365,401
$437,527
No

Tax History

Year
Tax Paid
Assessed Value
2024
$371
$437,527

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Conventional
$409,950
No
First
Aug 1, 2025
Sep 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$404,563
$42,437
9%
92%
$2,458/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,250/mo
$3,758/mo
$-508/mo
8.8%

City: Cypress

16822 Paynes Creek Dr | Property Details | No Agent List