Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours

$479,602

NAL Estimated Property Value

5509 Rockwood Dr, The Colony, TX, 75056

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,192 Sq Ft
price_per_sqft$204.29 / sqft
Year BuiltBuilt in 2002

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave
FlooringCarpet, Vinyl

Exterior

Lot Size7,153 sqft

Building Information

Year Built2002
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR233444
Lot Number3
SubdivisionLegend Crest Viii
Land UseResidential
Legal DescriptionLEGEND CREST VIII BLK X LOT 3
Census Tract021531
Assessed Land Value$114,448
Assessed Improvement Value$365,154
Assessment Year2025

About this property

THE ONLY 3-CAR GARAGE in the neighborhood — and That's Just the Beginning. Freshly transformed with a complete makeover — new paint throughout in clean, modern tones and brand-new carpet in all three bedrooms — this home is move-in ready and unlike anything else currently available on the block. The floor plan is genuinely flexible: 3 bedrooms, a dedicated office, a den, and 2 full baths — giving you the space to work from home, host guests, or grow into it over time. And yes, that rare 3-car garage out back means room for your vehicles, your toys, your workshop — whatever you need. The kitchen stops people in their tracks. A massive granite island with natural veining seats four and anchors the space. White shaker cabinets, seamless granite backsplash, a show-stopping skylight, and recessed lighting make this the kind of kitchen people linger in. The living area carries that same energy with soaring vaulted ceilings, premium modern flooring, and a floor-to-ceiling stone fireplace with white mantel — warm without being heavy. The primary suite is a real retreat: architectural ceiling details, natural light, and enough room for a full king set with space to spare. Step outside to a clean concrete patio ready for weekend grilling or morning coffee. The community wraps it all up with a private adult pool, a separate family pool, sand volleyball, walking trails, and picnic areas — all minutes from I-121, top dining, and premier shopping. Foundation has been repaired with a lifetime transferable warranty. Some windows panels have been replaced and Cooktop and oven have been replaced.

Investor Tools

Property Icon
$479,602
Estimated Property Value
$135,408Estimated Mortgage Balance
$344,459Estimated Equity
71% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,878 /month
Positive
Cash Flow Estimate:
$959 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$973/month
$480/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,274
$479,602
2025
$114,448
$365,154
$479,602
No

Tax History

Year
Tax Paid
Assessed Value
2025
$9,274
$479,602

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texana Bank Na
Conventional
$150,000
No
First
May 27, 2021
Jun 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$135,408
$344,194
71%
28%
$900/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,060/mo
$1,380/mo
+$1,680/mo
7.7%

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...

5509 Rockwood Dr | Property Details | No Agent List