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$411,859

NAL Estimated Property Value

5832 Madison Dr, The Colony, TX, 75056

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,128 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.17 / sqft
Year BuiltBuilt in 1991

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerMove-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, Refrigerator

Exterior

Lot Size7,858 sqft

Building Information

Year Built1991
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR158876
Lot Number9
SubdivisionNorthpointe Ph 3
Land UseResidential
Legal DescriptionNORTHPOINTE PH 3 BLK 6 LOT 9
Census Tract021533
Assessed Land Value$91,977
Assessed Improvement Value$319,882
Assessment Year2025

About this property

Welcome to your dream home! Brand new, fully renovated, in the heart of the popular city, The Colony. 1 block from Bill Allen Memorial Park, 2 miles from shopping mecca Grandscape, Scheels, Nebraska Furniture Mart and more! While being in a quiet neighborhood, this house features two stories on a corner lot, a sprawling back yard, 2 car garage and a huge master bathroom, and is pet friendly. Rental requirements are as follows. Must have photo ID and valid Social Security Number. Combined monthly income of all applicants at least 2.7x the rent. Positive references from all previous landlords in the past 5 years. A tenant record that is free of evictions and unpaid judgements from previous landlords. Credit score above 650. Background check and income verification. Tenant is responsible for all utilities. Additional charges for lawn care and pest control. Pet fee is half the amount of rent plus an additional $10 a month per rent.

Investor Tools

Property Icon
$411,859
Estimated Property Value
$1,971,274Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,471 /month
Positive
Cash Flow Estimate:
$824 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$836/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,972
$411,859
2025
$91,977
$319,882
$411,859
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,972
$411,859

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Bank And Trust Co
Credit Line (Revolving) / Heloc
$2,019,000
No
First
Jan 13, 2025
Jan 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,971,274
N/A
0%
479%
$12,105/mo

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.

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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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5832 Madison Dr | Property Details | No Agent List