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Owner Contacts

$403,000

NAL Estimated Property Value

5891 Clearwater Ct, The Colony, TX, 75056

Off Market

3 Beds

3 Bath

1,570 Sq Ft

$264.33 / sqft

Built in 2007

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 2.5

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Electric Range, Disposal, Microwave

FlooringLuxury Vinyl Plank

Exterior

Private Pool

Exterior FeaturesAwnings, Private Yard

Lot Size2,557 sqft

Building Information

Year Built2007

Stories2

Roof Type105

Garage Spaces1

Land Information

APNR307533

Lot Number29

SubdivisionThe Cascades At The Legends Ph 1-B

Land UseResidential

Legal DescriptionTHE CASCADES AT THE LEGENDS PH 1-B BLK D LOT 29

Census Tract021532

Assessed Land Value$68,985

Assessed Improvement Value$287,849

Assessment Year2025

About this property

PRIME LOCATION! Just minutes from The Colonys Most Desirable Attractions GRANDSCAPE and easy access to ALL MAJOR HIGHWAYS!!! Walk to restaurants, bars and shopping!!! 10 Minutes to Legacy West, 10 minutes to Frisco Star!!! This meticulously maintained and updated townhome offers 3 BR, 2.5 Baths and a private patio with fenced yard and a decorative fireplace with mantel. Updates include: 3 in granite countertops, high-end single basin Kohler sink and faucet, new decorative lighting throughout, stain resistant carpet added in bedrooms, fresh paint throughout, fashionable reading desk-nook in living area, completely updated bathrooms. Master has walk in closet and garden tub with separate shower. Open floorplan is perfect for entertaining and relaxing. Kitchen has white cabinets, breakfast bar and walk in pantry. HOA handles Care of all Exterior Maintenance, Front Yard & Structural Upkeep. Community pool, playground and walking trails See full list of updates.

Investor Tools

$403,000

Estimated Property Value

$350,261Estimated Mortgage Balance

$52,739Estimated Equity

13% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,490 /month

Positive

Cash Flow Estimate:

$830 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$659/month

$545/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$5,898

$356,834

2025

$68,985

$287,849

$356,834

Tax History

Year

Tax Paid

Assessed Value

2024

$5,898

$356,834

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Rocket Mortgage Llc

Conventional

$364,500

First

Mar 21, 2024

Apr 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$350,261

$52,739

13%

87%

$2,186/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,340/mo

$2,731/mo

$-391/mo

7.0%

Learn About the Market: Opportunity in Texas

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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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