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$643,324

NAL Estimated Property Value

5841 Cypress Cove Dr, The Colony, TX, 75056

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,277 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$198.05 / sqft
Year BuiltBuilt in 1998

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave
FlooringCarpet, Tile, Wood

Exterior

Lot Size8,420 sqft

Building Information

Year Built1998
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR183322
Lot Number45
SubdivisionStewart Peninsula Cottonwood Springs Ph
Land UseResidential
Legal DescriptionSTEWART PENINSULA COTTONWOOD SPRINGS PH 1 BLK G LOT 45
Census Tract021516
Assessed Land Value$127,549
Assessed Improvement Value$515,775
Assessment Year2025

About this property

FULLY RENOVATED! House right behind golf course w wooded trail. Walking distance to marina and lake. 4 bedroom w office or 5th bedroom. 4 full baths w 3-car garage. New handscraped wood flooring, carpet, and porcelain tiles. New paint, light fixtures, ceiling fans, new kitchen and bath cabinets w quartz countertops and SS appliances. Lots of natural light. Foyer w soaring ceilings. Dual staircase w entry from foyer and kitchen. Kitchen w large island and separate pantry. Private primary retreat has a spacious en suite with shower, dual sinks, soaking tub, and large walkin closet. 3 large bedrooms upstairs w living or gameroom. New wood deck. Roof 6 years old. Foundation repaired with transferrable warranty. Close to shore of Lake Lewisville, Stewart Creek Park, Shoreline Walking Trail, Stewart Peninsula golf course! Golf course w lake views, two community pools - family pool and adult infinity pool, boat launch, sandy beach, playgrounds, scenic trails for walking, biking, fishing.

Investor Tools

Property Icon
$643,324
Estimated Property Value
$408,202Estimated Mortgage Balance
$235,122Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,894 /month
Positive
Cash Flow Estimate:
$1,298 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,000/month
$310/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,786
$643,324
2025
$127,549
$515,775
$643,324
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,786
$643,324

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$413,018
No
First
Sep 29, 2025
Oct 2045

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$408,202
$235,122
36%
63%
$2,477/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,060/mo
$2,787/mo
+$273/mo
5.7%

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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5841 Cypress Cove Dr | Property Details | No Agent List