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19726 Upper Canyon Ct
Cypress, TX

19726 Upper Canyon Ct

$469,999
4 bd • 3 ba • 2,386 sf

This analysis was generated by artificial intelligence on 1/23/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$469,999

Price/Sq.Ft

$197

Year Built

2020

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

This 2020-built home offers excellent value at $196.98/sqft, which is approximately 15% below the Cypress average of $230/sqft for similar properties. The 2,386 sqft layout is spacious and well-designed, with 4 bedrooms and 3 bathrooms, ideal for families or those needing extra space. Energy efficiency is a standout feature with 2021 HERS Energy Certification, potentially saving 20-30% on utility costs compared to standard homes. Smart home technology (WiFi doorbell, keypad, garage door opener) adds modern convenience and security. The property is zoned to highly-rated schools, with Smith Middle School rated 10/10 and within 0.9 miles. The home has appreciated by 23.4% since its last sale in 2021, outperforming the Cypress average of 18% for the same period.

The Bad

The property faces significant climate risks, particularly with SEVERE heat (8/10) and wind (8/10) risks, which could lead to higher maintenance costs and insurance premiums. The flood risk is also MAJOR (6/10), potentially necessitating flood insurance despite being in FEMA Zone X_UNSHADED. The home's price has decreased by 1.1% in the past month, suggesting possible market softening or overpricing. At $469,999, it's priced above the median income affordability threshold of $362,457 (based on 3x the median income of $120,819), which may limit the buyer pool.

The Ugly

The severe climate risks pose long-term challenges. With 7 extremely hot days per year (98th percentile temp of 110°F), HVAC systems may face increased strain, potentially shortening their lifespan by 15-20%. The SEVERE wind risk (8/10) could lead to 30-40% higher insurance premiums and increased risk of storm damage. The MAJOR flood risk (6/10) may necessitate flood insurance costing $800-$1,200 annually, despite not being in a high-risk FEMA zone. These factors combined could add $2,000-$3,000 to annual ownership costs. The rapid appreciation since 2021 (23.4%) may not be sustainable, risking a market correction that could erase recent equity gains.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

This property is ideal for upper-middle-income families with household earnings of $150,000+ annually, allowing for comfortable affordability at a 28% front-end DTI ratio. It's perfect for those prioritizing energy efficiency, modern amenities, and excellent schools. The spacious layout and game room make it suitable for growing families or those who frequently entertain. Remote workers will appreciate the potential for a home office setup. The property could also appeal to investors looking for long-term appreciation in a desirable school district, with potential rental income of $3,250/month for a 4-bedroom home in the area.

Not For

This property is not suitable for first-time homebuyers or those with household incomes below $125,000, as the monthly costs would be burdensome. It's not ideal for investors seeking immediate high cash flow, as the potential rental income barely covers the mortgage and additional expenses. Those with low risk tolerance or unable to afford additional insurance premiums should be cautious due to the high climate risk scores. Buyers looking for a low-maintenance or lock-and-leave lifestyle may find the yard and potential climate-related upkeep challenging.
Demographics
Area Median Income

$120,819

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Risk Assessment

Climate Risks

heatSEVERE

7 extreme heat days per year

98th percentile: 110°F

windSEVERE

Insurance: Required

floodMAJOR

FEMA Zone: X_UNSHADED

Insurance: Required

fireMODERATE

Insurance: Recommended

airMINOR

1 bad air quality days per year

Risk Analysis

The severe climate risks are the most pressing concern. The heat risk (8/10) could lead to 15-20% higher cooling costs and accelerated wear on the HVAC system. The wind risk (8/10) may necessitate additional insurance riders and increase the likelihood of storm damage by 30-40%. The flood risk (6/10) could result in mandatory flood insurance in the future, adding $800-$1,200 to annual costs. The property's rapid appreciation since 2021 (23.4%) might not be sustainable, risking a market correction. The recent price reduction (-1.1%) could indicate a softening market or overpricing, potentially affecting resale value. Long-term, the lack of zoning regulations in Cypress could lead to incompatible developments nearby, impacting property values.
Insurance
Annual Cost

$1,692

$141 per month

Financials

Monthly Costs
Market Rent (4 bed)

$3,250

Get a detailed rental estimate on Zillow®
HOA Fee

$58

Price History

Property Taxes

$3,316
2024 Tax Assessment
4.8%from previous year
Assessed Value$438,402
Tax Rate0.76%

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Frequently Asked Questions

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