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$552,607

NAL Estimated Property Value

18622 Landrum Point Ln, Spring, TX, 77388

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths3,174 Sq Ft
price_per_sqft$172.97 / sqft
Year BuiltBuilt in 2009

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Gas Cooktop, Dishwasher
FlooringTile

Exterior

Lot Size8,455 sqft

Building Information

Year Built2009
Garage Spaces2

Land Information

APN1297940030011
Lot Number11
SubdivisionLakes Of Cypress Forest
Land UseResidential
Legal DescriptionLT 11 BLK 3 LAKES OF CYPRESS FOREST SEC 3
Census Tract553401
Assessed Land Value$94,843
Assessed Improvement Value$457,764
Assessment Year2025

About this property

Nestled in the highly desired gated community of Lakes of Cypress Forest, this stunning home boasts 3 beds, 3 baths, formal dining, a home office, & more! It offers an open layout, captivating views of the serene lake, & exceptional floor-to-ceiling updates throughout. The gourmet kitchen is a chef’s delight, equipped w/SS appliances, cabinets to the ceiling, & a large island. Entertain seamlessly between the kitchen & living spaces, large windows frame picturesque lake views. Primary suite w/ cozy seating area overlooks the lake, providing a peaceful retreat. The spa-like primary bath connects to the primary closet which then connects to the office! Expansive covered patio allows you to relax, & enjoy the stunning waterfront scenery. Attic of this Darling home is framed for an additional 1/2 story. Amenities include pool, splashpad, lakes, & playgrounds. This home balances style & functionality, all while being conveniently located near I-45 & zoned to the highly acclaimed Klein ISD!

Investor Tools

Property Icon
$552,607
Estimated Property Value
$509,222Estimated Mortgage Balance
$43,385Estimated Equity
7% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,316 /month
Positive
Cash Flow Estimate:
$1,105 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$914/month
$1,742/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,209
$552,607
2025
$94,843
$457,764
$552,607
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,209
$552,607

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$521,550
No
First
Jan 15, 2025
Feb 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$509,222
$43,385
7%
92%
$3,127/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,460/mo
$4,869/mo
$-2,409/mo
5.3%

City: Spring

18622 Landrum Point Ln | Property Details | No Agent List