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$318,000

NAL Estimated Property Value

7616 Independence Dr, The Colony, TX, 75056

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,536 Sq Ft
price_per_sqft$237.63 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Oven, Electric Range, Microwave

Exterior

Lot Size6,599 sqft

Building Information

Year Built1982
Stories1
Roof Type105
Garage Spaces1

Land Information

APNR16037
Lot Number26
SubdivisionColony No 23
Land UseResidential
Legal DescriptionCOLONY NO 23 BLK 175 LOT 26
Census Tract021533
Assessed Land Value$59,400
Assessed Improvement Value$163,861
Assessment Year2025

About this property

Welcome to this charming 3-bedroom in The Colony! Thoughtfully updated with a modern farmhouse style, this home features a gorgeous remodeled kitchen with quartz countertops, stainless steel appliances, luxury vinyl flooring, and stylish tile finishes. The oversized primary suite is large enough to create a private retreat or mini apartment, offering plenty of space for a bedroom set, sitting area, or home office. Barn doors lead to a spa-like en-suite bathroom with dual sinks and an enormous walk-in closet. Enjoy a spacious backyard, perfect for outdoor fun and entertaining. Plus, NO HOA! The home also includes a 1-car garage for added convenience. With its prime location near major highways, top restaurants, and just 20 minutes from DFW Airport, this home is ideal for first-time buyers or as a rental investment. Move-in ready-don't miss out on this incredible opportunity!

Investor Tools

Property Icon
$318,000
Estimated Property Value
$325,646Estimated 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
$2,190 /month
Positive
Cash Flow Estimate:
$730 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$524/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,696
$223,261
2025
$59,400
$163,861
$223,261
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,696
$223,261

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Umortgage Llc
Conventional
$332,500
No
First
Mar 27, 2025
Apr 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$325,646
N/A
0%
102%
$1,994/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,340/mo
$1,994/mo
+$346/mo
8.8%

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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7616 Independence Dr | Property Details | No Agent List