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$312,000

NAL Estimated Property Value

5669 Phelps Street, The Colony, TX, 75056

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,511 Sq Ft
price_per_sqft$152.22 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

BankruptcyOff-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1.5Bathrooms Full 1.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave, Plumbed For Ice Maker, Refrigerator
FlooringCarpet, Laminate

Exterior

Exterior FeaturesStorage
Lot Size6,599 sqft

Building Information

Year Built1980
Stories1
Roof Type105
Garage Spaces1

Land Information

APNR04149
Lot Number18
SubdivisionColony No 22
Land UseResidential
Legal DescriptionCOLONY NO 22 BLK 157 LOT 18
Census Tract021531
Assessed Land Value$69,300
Assessed Improvement Value$199,902
Assessment Year2025

About this property

LOCATION! LOCATION! LOCATION! This beautiful 3 bedroom home in The Colony is right by Nebraska Furniture Mart, tons of shopping and restaurants and an easy commute to anywhere in DFW. This gem will impress you from the moment you walk in the door! It has been completely renovated from floor to ceiling. The wide open floor plan is perfect for a growing family and entertaining. The kitchen features brand new SS appliances, granite counter tops, subway tile backsplash and plenty of storage and counter space. The master suite has an amazing walk-in shower. The secondary bedrooms are sure to please. Brand new laminate flooring and carpet throughout. The large backyard is an open canvas! This is a must see!!

Investor Tools

Property Icon
$312,000
Estimated Property Value
$200,975Estimated Mortgage Balance
$111,025Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,872 /month
Positive
Cash Flow Estimate:
$624 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$592/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,549
$269,202
2025
$69,300
$199,902
$269,202
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,549
$269,202

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amcap Mortgage Ltd
Conventional
$222,200
No
First
May 24, 2021
Jun 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$200,975
$111,025
35%
64%
$1,333/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,340/mo
$1,333/mo
+$1,007/mo
9.0%

City: The Colony

5669 Phelps Street | Property Details | No Agent List