Residential Income Property with
New
For Sale
$409,000
12603 Telge Road 28E-F, Cypress, TX 77429
The residence has a private entrance, garage, and a kitchen equipped with major appliances.
Property Size3,390 SF
Price / SF$120.65
Days on Market5
Property Features for 12603 Telge Road 28E-F
General Information
Standard status
Active
Size
3,390 SF
Property subtype
Residential Income
Lease Term
Month To Month
Taxes and HOA fees
Annual Taxes
$13,487
Amenities
Playground, Pool
Dog Park, Picnic Area, Playground, Pool, Trash, Water, Recreation Facilities, Maintenance Grounds
Electric
Range, Disposal, Microwave, Dishwasher, Refrigerator
Laminate Counters
Garage, Garage Door Opener
Private Entrance
Building Details
Building Size
3,390 SF
Year Built
2020
Stories
3
Listing Agency:
RE/MAX Prestige
Listed By:
Jonathan Metcalf
(281) 705-5633
Source:
Evrealestate
Added: Oct 10
Changed: Oct 11
Last Checked: Oct 12 at 7:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Prestige
Investment Insights
Based on property information with market context.
Located at 12603 Telge Road in Cypress, this residential income property has 3,390 square feet and was built in 2020. The unit includes a private entrance and a garage with an opener. Interior features include electric service, laminate counters, a range, disposal, microwave, dishwasher, and refrigerator.
Within the complex, the unit is positioned toward the back right. Telge Road connects the property with Highway 290 and Jarvis Road.
Within the complex, the unit is positioned toward the back right. Telge Road connects the property with Highway 290 and Jarvis Road.
Key Highlights
- 3,390‑square‑foot residential income property
- Built in 2020
- Private entrance and garage with opener
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,476
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$449,520
$449.5K
Cap Rate 7%
$321,086
$321.1K
Cap Rate 9%
$249,733
$249.7K
Market Conditions
NOI Build-Up for 3,390 SF
Gross rent
$45.2K $13.32/SF
− Vacancy
−$4.3K −$1.27/SF
EGI
$40.9K $12.05/SF
− OpEx
−$18.4K −$5.42/SF
NOI
$22.5K $6.63/SF
Area
Harris County, TX
Vacancy
9.50%
Lease Rate
$13.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$449,520
Cap Rate 7%
$321,086
Cap Rate 9%
$249,733
Alternative Uses
Best Use
Apartment 5plus
$321.1K
$281.0K – $374.6K
NOI $22,476 @ 7.0% cap · market cap 5.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$925.6K
$809.9K – $1.08M
NOI $64,795 @ 7.0% cap · market cap 15.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
209
Businesses Nearby
Explore this area
Business Placement
Demographics for 77429, TX
94,176
Population
33,137
Households
2.8
Avg Household Size
36
Median Age
49%
College-Educated
93%
High-School Grad
37.8 sq mi
ZIP Area
2,491
Density / Sq Mi
$117,931
Median Household Income
$60,862
Median Earnings
$1,684
Median Rent
$342,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - The residence has a private entrance, garage, and a kitchen equipped with major appliances.
Where is this residential income property located?
The property is located at 12603 Telge Road 28E-F Cypress, TX.
What is the asking price?
The asking price for this property is $409,000.
What are key features of this property?
This property features: 3,390‑square‑foot residential income property; Built in 2020; Private entrance and garage with opener
