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$306,000

NAL Estimated Property Value

5312 Rice Dr, The Colony, TX, 75056

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,425 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.47 / sqft
Year BuiltBuilt in 1979

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

Exterior

Lot Size6,599 sqft

Building Information

Year Built1979
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR01384
Lot Number4
SubdivisionColony No 20
Land UseResidential
Legal DescriptionCOLONY NO 20 BLK 132 LOT 4
Census Tract021533
Assessed Land Value$66,000
Assessed Improvement Value$239,510
Assessment Year2025

About this property

Updated 3 bed, 2 bath single-story home offering approximately 1,425 sq ft in The Colony with no HOA, featuring raised ceilings, a cozy fireplace, and a 2-car garage. Freshly painted inside and out, this home is upgraded with new windows, new carpet, remodeled bathrooms, new gutters, and a new vent hood, plus a new concrete patio and a refinished 15x10 backyard shed for extra storage. The HVAC, water heater are only a few years old for added peace of mind. Conveniently located with quick access to major routes like the Dallas North Tollway and Hwy 121 and Sam Rayburn Tollway, and close to destination shopping and dining at Grandscape (including Nebraska Furniture Mart). Vacant and easy to show!

Investor Tools

Property Icon
$306,000
Estimated Property Value
$223,029Estimated Mortgage Balance
$82,971Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,836 /month
Positive
Cash Flow Estimate:
$612 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$445/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,804
$298,714
2025
$66,000
$239,510
$305,510
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,804
$298,714

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rflf 4 Llc
Commercial
$224,000
No
First
Feb 18, 2026
Mar 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$223,029
$82,971
27%
73%
$1,343/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,340/mo
$1,343/mo
+$997/mo
9.2%

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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5312 Rice Dr | Property Details | No Agent List