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$428,000

NAL Estimated Property Value

5928 Clearwater Drive, The Colony, TX, 75056

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,723 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$158.43 / sqft
Year BuiltBuilt in 2007

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile, Wood

Exterior

Lot Size2,561 sqft

Building Information

Year Built2007
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR307578
Lot Number27
SubdivisionThe Cascades At The Legends Ph 1-B
Land UseResidential
Legal DescriptionTHE CASCADES AT THE LEGENDS PH 1-B BLK E LOT 27
Census Tract021532
Assessed Land Value$69,120
Assessed Improvement Value$264,880
Assessment Year2025

About this property

Adorable two story townhouse in the beautiful Cascades at The Legends. Great location near shoppings, restaurants, Top Golf, Hwy 121, Toyota Headquarters and more! Great open floorplan with wood floors in the entry and living room that has tall ceilings overlooking the backyard with covered patio. Chef's kitchen features granite countertops, ample cabinet space and a breakfast nook. Spacious master suite with spa-like bath complete with garden tub, separate shower, dual sinks and more. Two guest bedrooms, full guest bath, loft area and utility room upstairs as well. All carpet just replaced and entire unit freshly painted. Community pool across the street. This is one not to miss!

Investor Tools

Property Icon
$428,000
Estimated Property Value
$0Estimated Mortgage Balance
$428,000Estimated 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
$730/month
$160/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,618
$334,000
2025
$69,120
$264,880
$334,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,618
$334,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$428,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,340/mo
$160/mo
+$2,180/mo
6.6%

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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5928 Clearwater Drive | Property Details | No Agent List