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$300,000

NAL Estimated Property Value

5321 Strickland Avenue, The Colony, TX, 75056

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,379 Sq Ft
price_per_sqft$219.72 / sqft
Year BuiltBuilt in 1974

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListHigh Equity

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
FlooringVinyl

Exterior

Lot Size6,900 sqft

Building Information

Year Built1974
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR91013
Lot Number17
SubdivisionColony No 7
Land UseResidential
Legal DescriptionCOLONY NO 7 BLK 58 LOT 17
Census Tract021520
Assessed Land Value$62,100
Assessed Improvement Value$194,485
Assessment Year2025

About this property

Come see this gem with recent updates and space in all the right places! Kitchen is open concept and updated in 2026. Beautiful flooring is luxury plank created to be durable in addition to looking good. Corner wood burning fireplace is perfect for those cold winter nights, and has been enhanced to add so much character to the property. All three bedrooms are generously sized, and the garage is oversized to accommodate a workbench. All carpet in the bedrooms replaced in January 2026! The back yard is huge with an extended patio, spot for a fire pit, and a large wooden deck located under a mature shade tree. Plenty of space for dogs, get togethers, and gardens! Easy freeway access for commuters right in the heart of The Colony. Schedule a showing today!

Investor Tools

Property Icon
$300,000
Estimated Property Value
$247,551Estimated Mortgage Balance
$52,449Estimated Equity
17% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,818 /month
Positive
Cash Flow Estimate:
$606 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$401/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,307
$256,585
2025
$62,100
$194,485
$256,585
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,307
$256,585

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cornerstone Home Lending Inc
Conventional
$271,600
No
First
Oct 7, 2021
Nov 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$247,551
$52,449
17%
83%
$1,629/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,340/mo
$1,629/mo
+$711/mo
9.4%

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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5321 Strickland Avenue | Property Details | No Agent List