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$324,900

For Sale - Active
6523 Cypress Point Dr, Houston, TX 77069
5 Beds
3 Baths
2,721 Square Feet
0.32 Acres Lot
Built in 1970
For Sale - Active
Units n/a
Checked: 20 hours ago
Updated: Sep 04, 2025 at 10:14AM

Investment Summary


Monthly Cash Flow
-$455
Cap Rate
4.0%
Cash-on-Cash Return
-7.3%
Debt Coverage Ratio
0.70
Internal Rate of Return (5 years)
-3.1%

Property Description


0.32 Acres Lot
Built in 1970
For Sale - Active
Units n/a

Fall in love with this single story 5-bedroom, 3-bathroom home in Champions West, featuring carpet and tile flooring, den with French doors, open living room with fireplace and built-in shelving, and large yard with mature trees and patio. The spacious kitchen is equipped with granite countertops, tile backsplash, electric cooktop, double oven, breakfast bar, and breakfast nook. The serene primary suite comes with a walk-in closet, dual sinks, soaking tub, and frameless shower. Located off Hwy 249 and FM 1960, residents are mere minutes from Vintage Park and Willowbrook Plaza. Find popular entertainment at multiple golf courses and Meyer Park. Zoned to Cy-Fair ISD.

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Location


Property Details


Parking

  • Description: Driveway, Detached, Garage
  • Details: Detached
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 12
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Brick Veneer
  • Foundation: Slab
  • Roof Material: Composition

HOA

  • Has HOA: Yes
  • HOA Fee: $780/annually

Land Information

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

Lot Information

  • Parcel ID: 0934780000076
  • Lot Size: 14000 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 1970

Tax Information

  • Annual Tax: $6,925

Utilities

  • Water & Sewer: Public
  • Heating: Electric
  • Cooling: Electric

Location

  • County: Harris

Listing Details


Listed by:
Lance Loken
Keller Williams Platinum
(832) 564-4527

Source:
Houston Association of REALTORS
MLS#: 58202683
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$455
Cap Rate
4.0%
Cash-on-Cash Return
-7.3%
Debt Coverage Ratio
0.70
Internal Rate of Return (5 years)
-3.1%

Purchase Details

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Purchase price:
$324,900
Amount financed:
-$259,920
Down payment:
$64,980
Closing costs:
$9,747
Rehab costs:
$0
Initial cash invested:
$74,727
Square feet:
2,721
Cost per square foot:
$119
Monthly rent per square foot:
$0.92

Financing Details

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Loan amount:
$259,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,538
Property tax:
$577
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,290

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (23%)
23%-$577-$6,925
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (3%)
3%-$65-$780
Total operating expenses: (51%)
51%-$1,267-$15,205

Cash Flow


Monthly Yearly
Net operating income:
$1,083 $12,996
Mortgage payments:
-$1,538 -$18,456
Cash flow:
$455 $5,460