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$395,000

5264 Sherman Dr, The Colony, TX, 75056

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths2 Bath
Baths2,017 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$195.84 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven
FlooringCeramic Tile, Wood

Exterior

Private PoolPrivate Pool
Lot Size6,599 sqft

Building Information

Year Built1983
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR13461
Lot Number25
SubdivisionColony No 19
Land UseResidential
Legal DescriptionCOLONY NO 19 BLK 127 LOT 25
Census Tract021521
Assessed Land Value$66,000
Assessed Improvement Value$221,000
Assessment Year2025

About this property

Welcome Home to 5264 Sherman Drive! This 4 bedroom, 2 bath home features 2 living areas, 2 dining areas, a covered patio, pool, spa and a 2 car rear entry garage + carport. The home was fully updated in 2016 with engineered hardwood floors, ceramic tile, updated bathrooms, a modern kitchen with double-ovens & quartzite countertops. Among the upgrades, the electrical panel and CO-AX were updated to meet modern standards and a new HVAC system was installed. The home is equipped with advanced Tesla solar panels that are fully owned-no payments and no electric bill! This home is move in ready and just waiting for its new family!

Investor Tools

$329,909Estimated Mortgage Balance
$43,091Estimated Equity
9% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,370 /month
Positive
Cash Flow Estimate:
$790 /month

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Heather Wilkinson

Real Broker, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$618/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,550
$287,000
2025
$66,000
$221,000
$287,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,550
$287,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$346,750
No
First
Dec 13, 2023
Jan 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$329,909
$34,091
9%
88%
$2,079/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,340/mo
$2,079/mo
+$261/mo
7.5%

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.

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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5264 Sherman Dr | Property Details | No Agent List