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$290,000

6005 Cheyenne Drive, The Colony, TX, 75056

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,006 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$144.57 / sqft
Year BuiltBuilt in 2002

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesGas Range, Microwave, Plumbed For Ice Maker, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesRain Gutters
Lot Size4,321 sqft

Building Information

Year Built2002
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR232408
Lot Number47
SubdivisionLegend Trails Ph Iii
Land UseResidential
Legal DescriptionLEGEND TRAILS PH III BLK K LOT 47
Census Tract021530
Assessed Land Value$77,796
Assessed Improvement Value$344,830
Assessment Year2025

About this property

There are now multiple offers. Seller requests highest and best offers by Tuesday 3-10-2020 7:00 PM. Fabulous three bedroom two and half bath home in family friendly subdivision home in Legend Trails. Open floor plan with high ceilings and an abundance of natural light. New luxury plank floors throughout the downstairs. Updated master bath with frameless shower. Great location with easy access to 121 and the tollway. Walking distance to neighborhood playground and waterpark. Roof replaced approximately one year ago. New widows on the front and side. Large living room perfect for entertaining family and friends. Your buyers will not want to miss this fantastic home.

Investor Tools

Property Icon
$424,000
Estimated Property Value
$0Estimated Mortgage Balance
$173,209Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,544 /month
Positive
Cash Flow Estimate:
$848 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$846/month
$440/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,034
$422,626
2025
$77,796
$344,830
$422,626
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,034
$422,626

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Va
$284,620
Yes
First
Apr 14, 2020
May 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$250,791
$173,209
40%
59%
$1,707/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,340/mo
$2,147/mo
+$193/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.

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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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6005 Cheyenne Drive | Property Details | No Agent List