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$233,000

5229 Strickland Avenue, The Colony, TX, 75056

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,335 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$174.53 / sqft
Year BuiltBuilt in 1974

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Oven
FlooringLaminate

Exterior

Lot Size6,900 sqft

Building Information

Year Built1974
Stories1
Roof Type105
Garage Spaces1

Land Information

APNR90978
Lot Number8
SubdivisionColony No 7
Land UseResidential
Legal DescriptionCOLONY NO 7 BLK 58 LOT 8
Census Tract021520
Assessed Land Value$62,100
Assessed Improvement Value$189,545
Assessment Year2025

About this property

Modern twist to a timeless traditional! Beautifully updated one story turnkey with great flow and no wasted space! Light & bright kitchen opens to the living area and features upgraded lighting, granite counters, new appliances, concrete counter tops on the island, two-tone cabinets, and the type of custom touches you would see in model homes! Highlights include laminate wood flooring throughout, brick FP with rustic wood mantle, AC unit in garage, plus a large back patio and plenty of yard space perfect for summer parties and backyard BBQ! Golf enthusiast will love being within minutes of Stonebriar Country Club! Premium location close to major highways and a treasure trove of amenities & conveniences nearby!

Investor Tools

Property Icon
$301,000
Estimated Property Value
$0Estimated Mortgage Balance
$111,173Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,806 /month
Positive
Cash Flow Estimate:
$602 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$576/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,403
$251,645
2025
$62,100
$189,545
$251,645
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,403
$251,645

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Willow Bend Mortgage Co
Conventional
$211,950
No
First
Dec 14, 2020
Jan 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$189,827
$111,173
36%
63%
$1,271/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,340/mo
$1,271/mo
+$1,069/mo
9.3%

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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5229 Strickland Avenue | Property Details | No Agent List