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Owner Contacts

$360,000

NAL Estimated Property Value

5020 Strickland Ave, The Colony, TX, 75056

Off Market

3 Beds

2 Bath

1,684 Sq Ft

$219.12 / sqft

Built in 1975

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Range, Gas Water Heater, Microwave

FlooringCarpet, Ceramic Tile, Laminate

Exterior

Lot Size8,050 sqft

Building Information

Year Built1975

Stories1

Roof Type105

Garage Spaces2

Land Information

APNR09300

Lot Number41

SubdivisionColony No 3

Land UseResidential

Legal DescriptionCOLONY NO 3 BLK 26 LOT 41

Census Tract021520

Assessed Land Value$80,125

Assessed Improvement Value$208,116

Assessment Year2025

About this property

MULTIPLE OFFERS RECEIVED. OFFER DEADLINE TUESDAY, MAY 6 AT 10 AM. Welcome to this beautifully updated one-story gem featuring 3 spacious bedrooms and 2 modern bathrooms. Inside, warm wood laminate flooring flows throughout the home, creating a cozy and stylish atmosphere. The updated kitchen is both functional and inviting—perfect for daily living and entertaining. Step outside to a generously sized backyard with plenty of room to play, garden, or relax. Enjoy your mornings and evenings under the large covered patio—ideal for outdoor dining or simply unwinding in your private outdoor space. Best of all, there’s no HOA, giving you the freedom to truly make this home your own. Located just minutes from Grandscape, Lake Lewisville, shopping, restaurants, entertainment, and major freeways, this move-in ready home offers both comfort and convenience. Don’t miss this opportunity to own a beautifully maintained home in a highly desirable location!

Investor Tools

$360,000

Estimated Property Value

$302,682Estimated Mortgage Balance

$57,318Estimated Equity

15% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,214 /month

Positive

Cash Flow Estimate:

$738 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$654/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$6,053

$288,241

2025

$80,125

$208,116

$288,241

Tax History

Year

Tax Paid

Assessed Value

2024

$6,053

$288,241

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Kind Lending Llc

Conventional

$304,000

First

Feb 2, 2026

Mar 2056

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$302,682

$57,318

15%

84%

$1,823/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,340/mo

$1,823/mo

+$517/mo

7.8%

Learn About the Market: Opportunity in Texas

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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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