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$356,887

NAL Estimated Property Value

5017 Strickland Ave, The Colony, TX, 75056

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,946 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$164.39 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Electric Range
FlooringCeramic Tile, Laminate

Exterior

Lot Size8,050 sqft

Building Information

Year Built1975
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR15775
Lot Number5
SubdivisionColony No 3
Land UseResidential
Legal DescriptionCOLONY NO 3 BLK 25 LOT 5
Census Tract021520
Assessed Land Value$80,125
Assessed Improvement Value$276,762
Assessment Year2025

About this property

UPDATE: MULTIPLE OFFERS RECIEVED. DEADLINE IS Monday the 11th at 12 NOON. Come see this beautiful updated home with open floor plan, modern light gray colors, wood laminate floors, LVP and upgraded tile floors in kitchen and bath. Kitchen has granite counters, white cabinets and stainless steel appliances. 3 year old HVAC system, New windows, sliding doors and exterior yard doors. Updated can lighting in kitchen and family room. Backyard has a covered patio and storage shed. Master is spacious with walk-in closet. Both bathrooms have been updated with modern shower surrounds and vanities with granite counter.

Investor Tools

Property Icon
$356,887
Estimated Property Value
$303,445Estimated Mortgage Balance
$53,442Estimated Equity
14% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,141 /month
Positive
Cash Flow Estimate:
$714 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$637/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,859
$356,887
2025
$80,125
$276,762
$356,887
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,859
$356,887

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Thrive Mortgage Llc
Conventional
$328,000
No
First
May 12, 2022
Jun 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$303,445
$53,442
14%
85%
$1,967/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,340/mo
$1,967/mo
+$373/mo
7.9%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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.

Explore Texas Explore This Area
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: The Colony

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5017 Strickland Ave | Property Details | No Agent List