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$460,478

NAL Estimated Property Value

1309 Colony Street, Flower Mound, TX, 75028

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,108 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$166.03 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave, Plumbed For Ice Maker
FlooringCeramic Tile, Laminate

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Storage
Lot Size6,599 sqft

Building Information

Year Built1985
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR87173
Lot Number44
SubdivisionPrairie Creek
Land UseResidential
Legal DescriptionPRAIRIE CREEK BLK 4 LOT 44
Census Tract021721
Assessed Land Value$85,680
Assessed Improvement Value$374,798
Assessment Year2025

About this property

This Flower Mound stunner, just down the block from Prairie Trail Park, has been tastefully updated & is ready for move-in! Huge living area, with soaring ceiling & brick fireplace, lies open to dining area & kitchen beyond. Kitchen, open to large dining area via breakfast bar, is equipped with granite counters & stainless appliances. Flex space off kitchen, served by half-bath accessible from pool, can be used an office, living room, or extra dining area. Both full baths have been updated. Backyard encompasses two patios open to heated pool & attached spa, plus a fenced side yard. Shed stays as a bonus. $24k pool refurbishment & $7.5k window update completed in ’17. Roof replaced & exterior painted in ’19.

Investor Tools

Property Icon
$460,478
Estimated Property Value
$312,405Estimated Mortgage Balance
$148,073Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,763 /month
Positive
Cash Flow Estimate:
$921 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$719/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,331
$460,478
2025
$85,680
$374,798
$460,478
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,331
$460,478

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$346,750
No
First
Mar 5, 2021
Mar 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$312,405
$148,073
32%
68%
$2,079/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,950/mo
$2,079/mo
+$871/mo
7.7%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Flower Mound

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1309 Colony Street | Property Details | No Agent List