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$435,000

5628 Phoenix Dr, The Colony, TX, 75056

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,763 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.13 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

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

Exterior

Exterior FeaturesRain Gutters, Private Yard
Lot Size5,502 sqft

Building Information

Year Built2001
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR230312
Lot Number8
SubdivisionLegend Trails Ph I
Land UseResidential
Legal DescriptionLEGEND TRAILS PH I BLK A LOT 8
Census Tract021530
Assessed Land Value$99,000
Assessed Improvement Value$302,000
Assessment Year2025

About this property

FANTASTIC LOCATION in The Colony! Step into comfort and convenience with this charming three-bedroom, two-bathroom home offering a fantastic split-bedroom layout and 2 spacious living areas. The large front living room welcomes you in with fresh neutral paint and brand-new carpet throughout. Toward the back of the home, you’ll find a relaxing family room featuring a gas-start fireplace with gas logs and a lovely view of the backyard, perfect for quiet evenings. The bright kitchen offers excellent storage and modern touches, including a brand-new stainless steel dishwasher that’s never been used, a gas cooktop with electric oven, built-in microwave, decorative tile backsplash, stainless steel sink with updated faucet, and a generously sized pantry. The utility room accommodates full-size washer and dryer connections for easy laundry days. The oversized primary suite is a true retreat, complete with a ceiling fan, huge walk-in closet, dual sinks, garden tub, and separate shower. Secondary bedrooms are thoughtfully split from the primary, offering peace and privacy for everyone. Enjoy a fully fenced grassy backyard with large patio, wood privacy fence, and an electric gate across the driveway, creating a wide-open play space with added security. The home also includes an automatic 2-car garage, mini blinds and sprinkler system. For added peace of mind, this home features a brand-new roof. Located just minutes from SRT (121), Dallas N Tollway, and I-35, this home offers exceptional access to major corridors, shopping, entertainment, and everyday conveniences. Nearby are 2 community pools, parks with playgrounds, picnic areas, Legends Trail, Hawaiian Falls Waterpark, and Nebraska Furniture Mart. Warm, welcoming and wonderfully maintained, this home is ready for its next tenant to enjoy!

Investor Tools

Property Icon
$435,000
Estimated Property Value
$0Estimated Mortgage Balance
$435,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,610 /month
Positive
Cash Flow Estimate:
$870 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$802/month
$350/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,452
$401,000
2025
$99,000
$302,000
$401,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,452
$401,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$435,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,340/mo
$350/mo
+$1,990/mo
6.5%

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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5628 Phoenix Dr | Property Details | No Agent List