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$1,402,000

NAL Estimated Property Value

612 Cypress Springs Dr, Driftwood, TX, 78619

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,422 Sq Ft
Year BuiltBuilt in 2021

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Exterior FeaturesNone
Lot Size1.35 acres

Building Information

Year Built2021
Stories1
Roof Type105
Garage Spaces4

Land Information

APNR149896
Lot Number61
SubdivisionHoward Ranch Subdivision Section 4
Land UseResidential
Legal DescriptionHOWARD RANCH SUBDIVISION SECTION 4, BLOCK B, LOT 61, ACRES 1.351 TAX CODES:RSP,SDS
Census Tract010806
Assessed Land Value$544,180
Assessed Improvement Value$823,696
Assessment Year2025

About this property

Last remaining inventory lot in Howard Ranch. Bring your own builder! Level lot with large building envelope. City water, under ground utilities, LOW property tax rate, DSISD schools. HOA covers irrigation water, common areas, trails and private roads. Min sf build 1800sf.Restrictions: Yes

Investor Tools

Property Icon
$1,402,000
Estimated Property Value
$1,249,460Estimated Mortgage Balance
$152,540Estimated Equity
12% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,412 /month
Positive
Cash Flow Estimate:
$2,804 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,164/month
$1,580/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$18,954
$1,367,876
2025
$544,180
$823,696
$1,367,876
No

Tax History

Year
Tax Paid
Assessed Value
2024
$18,954
$1,367,876

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
University Fcu
Conventional
$1,169,500
No
First
Sep 23, 2022
Oct 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,249,460
$181,540
12%
89%
$6,634/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,490/mo
$8,214/mo
$-5,724/mo
2.1%

City: Driftwood

612 Cypress Springs Dr | Property Details | No Agent List