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$367,000

NAL Estimated Property Value

5224 Sherman Dr, The Colony, TX, 75056

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,017 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$190.88 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave
FlooringTile

Exterior

Lot Size6,599 sqft

Building Information

Year Built1983
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR13481
Lot Number35
SubdivisionColony No 19
Land UseResidential
Legal DescriptionCOLONY NO 19 BLK 127 LOT 35
Census Tract021521
Assessed Land Value$66,000
Assessed Improvement Value$267,104
Assessment Year2025

About this property

FABULOUS 1 STORY! 4 Bedrooms, 2 Bathrooms, 2 Car Garage with Formal Living & Formal Dining Room. Huge Wet Bar Area with Wine Rack, and Tons of Cabinets & Counter Space! Good-Sized Kitchen with Granite Counters, Tile Backsplash, Breakfast Area and Window over Sink. Living Room with Wood Burning Fireplace! Other Features Include: Luxury Vinyl Plank Flooring Throughout, Update Lighting, Arches, Back Load Garage, Large Back Patio and Secondary Patio Area off of Dining Room. Located Conveniently to 121 for All your Shopping & Dining!

Investor Tools

Property Icon
$367,000
Estimated Property Value
$173,928Estimated Mortgage Balance
$193,072Estimated Equity
52% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,310 /month
Positive
Cash Flow Estimate:
$770 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$725/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,859
$333,104
2025
$66,000
$267,104
$333,104
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,859
$333,104

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Usaa Fsb
Unknown
$182,500
No
First
Oct 19, 2023
Nov 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$173,928
$193,072
52%
47%
$1,095/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,060/mo
$1,095/mo
+$1,965/mo
10.0%

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: The Colony

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5224 Sherman Dr | Property Details | No Agent List