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$273,000

5804 Clearwater Drive, The Colony, TX, 75056

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,723 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$158.44 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Microwave
FlooringCeramic Tile, Laminate

Exterior

Exterior FeaturesRain Gutters
Lot Size3,302 sqft

Building Information

Year Built2008
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR302003
Lot Number4
SubdivisionThe Cascades At The Legends Ph 1a
Land UseResidential
Legal DescriptionTHE CASCADES AT THE LEGENDS PH 1A BLK A LOT 4
Census Tract021532
Assessed Land Value$87,082
Assessed Improvement Value$306,923
Assessment Year2025

About this property

Location, Location, Location! Adorable two story townhome in beautiful Cascades at The Legends. Great open floorpan, designer touches, all light fixtures and powder bath have been updated. Living and entry has laminate wood floors, tall windows that look out back and a modern ceiling fan that was recently added. Kitchen boasts corian countertops, black appliances, lots of cabinets and counter space. Breakfast nook wall has been stenciled and chandelier light fixture has been added. Small living area upstairs great for kids or could be a study area. Large updated master with granite countertops, garden tub, custom paint and walk-in closet. Relax under the covered porch in the huge backyard while entertaining.

Investor Tools

Property Icon
$428,000
Estimated Property Value
$0Estimated Mortgage Balance
$180,825Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,568 /month
Positive
Cash Flow Estimate:
$856 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$821/month
$160/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,711
$394,005
2025
$87,082
$306,923
$394,005
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,711
$394,005

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Research Center Llc
Va
$279,357
Yes
First
Jun 10, 2020
Jul 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$247,175
$180,825
42%
58%
$1,675/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,340/mo
$1,835/mo
+$505/mo
6.6%

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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5804 Clearwater Drive | Property Details | No Agent List