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$360,000

5689 Powers St, The Colony, TX, 75056

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,457 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$247.08 / sqft
Year BuiltBuilt in 1983

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, Electric Range, Microwave
FlooringTile, Vinyl

Exterior

Lot Size6,926 sqft

Building Information

Year Built1983
Stories1
Roof Type105
Garage Spaces1

Land Information

APNR04000
Lot Number23
SubdivisionColony No 22
Land UseResidential
Legal DescriptionCOLONY NO 22 BLK 155 LOT 23
Census Tract021531
Assessed Land Value$72,765
Assessed Improvement Value$302,217
Assessment Year2025

About this property

Your darling home awaits...No stone has been left unturned with high end updates that include modern painted brick and trims outside (2023), luxury vinyl plank (2023), complete kitchen renovation with quartz countertops, new cabinets and new appliances (4 years). Recessed and decorative lighting light up the spacious and open floor plan. Energy savings abound with all new low-e windows (2023), recently replaced HVAC system and water heater (aprox 4 years). Roof replacement in 2019. Top this all off with fresh paint, and you have a home that cannot be passed up! The home sits within a skip and a hop to great restaurants and entertainment at Grandscape, the aquatic center and within minutes of several employers including Toyota, Pepsi, Erricson, Bank of America, Chase. Ample access to shopping and highways yet tucked away. Ask for a complete list of renovations.

Investor Tools

Property Icon
$374,982
Estimated Property Value
$324,000Estimated Mortgage Balance
$64,658Estimated Equity
14% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,250 /month
Positive
Cash Flow Estimate:
$750 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$607/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,408
$374,982
2025
$72,765
$302,217
$374,982
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,408
$374,982

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mutual Of Omaha Mortgage Inc
Conventional
$324,000
No
First
Jan 12, 2024
Feb 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$310,324
$64,658
17%
83%
$1,943/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,340/mo
$1,943/mo
+$397/mo
7.5%

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

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5689 Powers St | Property Details | No Agent List