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$685,000

Sale Pending
15814 Lake Loop Dr, Cypress, TX 77433
5 Beds
3.5 Baths
4,134 Square Feet
0.00 Acres Lot
Built in 2000
Sale Pending
Units n/a
Checked: 7 hours ago
Updated: Jul 25, 2025 at 09:10AM

Investment Summary


Monthly Cash Flow
-$1,224
Cap Rate
3.5%
Cash-on-Cash Return
-9.3%
Debt Coverage Ratio
0.62
Internal Rate of Return (5 years)
-5.0%

Property Description


0.00 Acres Lot
Built in 2000
Sale Pending
Units n/a

Gorgeous 2-story home nestled in the heart of FAIRFIELD! Home offers space, style & updates throughout! Fabulous curb appeal w/mature trees, lush landscaping & expanded detached 3-car garage w/custom workshop area! Inside, boasts formal dining room, private study & bright sunroom along w/a spacious family room w/corner stone fireplace! Large island kitchen is a chef’s dream w/crisp white cabinets, Quartz countertops, stainless appliances including 5-burner gas cooktop & double ovens! Spacious primary suite features luxurious en-suite w/dual sinks, oversized shower & soaking tub. Upstairs boasts media room w/bar, gameroom, 4 secondary bedrooms & 2 baths. Enjoy year-round relaxation under the oversized covered patio overlooking your tropical backyard oasis w/sparkling pool & spa. Recent updates include fresh interior paint & updated carpet upstairs. Plus, a whole home generator adds peace of mind. This home truly has it all—comfort, convenience & resort-style living! Great CFISD Schools!

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Location


Property Details


Parking

  • Description: Detached Garage
  • Details: Oversized
  • Garage Spaces: 3
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.5

Interior Features

  • # of Rooms: 11
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Brick
  • Foundation: Slab
  • Roof Material: Composition
  • Pool: Yes

HOA

  • Has HOA: Yes
  • HOA Fee: $970/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 1199220020004
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 2000

Tax Information

  • Annual Tax: $11,249

Utilities

  • Heating: Central, Natural Gas
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Harris

Listing Details


Listed by:
Ryan McLennan
Blair Realty Group
(832) 816-8345

Source:
Houston Association of REALTORS
MLS#: 64985448
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$1,224
Cap Rate
3.5%
Cash-on-Cash Return
-9.3%
Debt Coverage Ratio
0.62
Internal Rate of Return (5 years)
-5.0%

Purchase Details

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Purchase price:
$685,000
Amount financed:
-$548,000
Down payment:
$137,000
Closing costs:
$20,550
Rehab costs:
$0
Initial cash invested:
$157,550
Square feet:
4,134
Cost per square foot:
$166
Monthly rent per square foot:
$1.06

Financing Details

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Loan amount:
$548,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$3,242
Property tax:
$937
Insurance:
$308
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,487

Operating Income

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% Rent Monthly Yearly
Gross rent:
$4,400 $52,800
Vacancy loss: (6%)
6% -$264 -$3,168
Operating income:
$4,136 $49,632

Operating Expenses


% Rent Monthly Yearly
Property taxes: (21%)
21%-$937-$11,249
Insurance: (7%)
7%-$308-$3,696
Property management: (8%)
8%-$352-$4,224
Repairs & maintenance: (5%)
5%-$220-$2,640
Capital expenditures: (5%)
5%-$220-$2,640
HOA fees: (2%)
2%-$81-$972
Total operating expenses: (48%)
48%-$2,118-$25,421

Cash Flow


Monthly Yearly
Net operating income:
$2,018 $24,216
Mortgage payments:
-$3,242 -$38,904
Cash flow:
$1,224 $14,688