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$361,000

NAL Estimated Property Value

602 Cypresswood Dr, Spring, TX, 77388

$369,911 ARVInfo
Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths3,199 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$109.38 / sqft
Year BuiltBuilt in 1975

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, Electric Oven, Microwave, Gas Cooktop, Dishwasher
FlooringTile, Vinyl

Exterior

Lot Size10,659 sqft

Building Information

Year Built1975
Stories2
Garage Spaces2

Land Information

APN1024000000006
Lot Number6
SubdivisionEnchanted Oaks
Land UseResidential
Legal DescriptionLT 6 BLK 13 ENCHANTED OAKS SEC 3
Census Tract553405
Assessed Land Value$66,367
Assessed Improvement Value$278,972
Assessment Year2025

About this property

Discover classic style and exceptional living space in this beautifully maintained 3-bedroom, 3-bath home located in the highly sought-after community of Enchanted Oaks, zoned to Klein ISD. The dramatic two-story family room features a wall of windows that bathe the space in natural light and showcase the mature trees surrounding the property. Just off the living area, a convenient wet bar sets the stage for effortless entertaining, while the large sunroom provides the perfect spot to watch the big game, host gatherings, or enjoy a quiet evening. The kitchen offers abundant storage, a gas cooktop, built-in oven and microwave, breakfast bar, and pantry, with easy flow to the breakfast room and formal dining. The first-floor primary suite includes an ensuite bath with dual sinks, dual closets, and a persoanl sitting area. Upstairs, you’ll find two generously sized bedrooms that share a full bath. Prime location just minutes from airport, medical center, shopping and dining.

Investor Tools

Property Icon
$361,000
Estimated Property Value
$247,135Estimated Mortgage Balance
$113,865Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$369,911
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,166 /month
Positive
Cash Flow Estimate:
$722 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$247/month
$250/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,165
$345,339
2025
$66,367
$278,972
$345,339
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,165
$345,339

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Village Capital & Investment Llc
Va
$254,309
Yes
First
Oct 4, 2024
Nov 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$247,135
$98,204
28%
68%
$1,525/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,460/mo
$1,775/mo
+$685/mo
8.2%

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: Spring

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602 Cypresswood Dr | Property Details | No Agent List