Currently tenant-occupied, this beautifully maintained home offers a fantastic opportunity for a new landlord looking for immediate rental income or it would be equally appealing as a personal residence. The current tenant is paying $2,000 per month and the lease ends on June 30th, would love to stay long-term, and the lease runs through June 30—providing both stability and flexibility. Inside, the home features a spacious living room with durable wood-look flooring and a coz…
| Room | Level | Size |
|---|---|---|
| Kitchen | Main | 14 x 12 |
| Bedroom | Main | 12 x 11 |
| Bedroom | Main | 12 x 11 |
| Primary Bedroom | Main | 15 x 15 |
| Dining Room | Main | 10 x 10 |
| Living Room | Main | 19 x 15 |
| Type | Single Family Residence |
| County | Denton |
| Lot | 0.152 ac (6,621.12 sqft) |
| Annual Tax | $5,743 |
| Days on Market | 0 |
| District | Lewisville ISD |
| Elementary | Peters Colony |
| Middle | Griffin |
| High School | The Colony |
| P&I (6.875%) | $1,782 |
| Est. Tax | $479 |
| Est. Total | $2,261/mo |
THE COLONY, TX 75056 · Colony 20
Currently tenant-occupied, this beautifully maintained home offers a fantastic opportunity for a new landlord looking for immediate rental income or it would be equally appealing as a personal residence. The current tenant is paying $2,000 per month and the lease ends on June 30th, would love to stay long-term, and the lease runs through June 30—providing both stability and flexibility. Inside, the home features a spacious living room with durable wood-look flooring and a cozy wood-burning fireplace, creating a warm and inviting atmosphere. The kitchen has been thoughtfully updated with granite countertops, quality cabinetry, a designer oversized sink, new dishwasher, and a sleek retractable vent, perfect for everyday living and entertaining. Both bathrooms have been stylishly remodeled with custom tile and upgraded finishes, including a beautifully updated guest bath with marble sink and a primary bath showcasing a quartz countertop, upgraded shower, and furniture-style vanity. Two secondary bedrooms are both nicely sized. Situated on a quiet cul-de-sac in a desirable neighborhood, this home also offers convenient access to Highway 121, making commuting a breeze, and is located close to local schools. A solid investment with a reliable tenant already in place.
Property Type
Residential
Sub Type
Single Family Residence
Status
Active
Bedrooms
3
Full Baths
2
Living Area
1,562 sqft
Lot Size
6,621.12 sqft
Lot (acres)
0.152
Garage
2 spaces
Stories
1
Year Built
1979
Subdivision
Colony 20| Room | Level | Size |
|---|---|---|
| KitchenBreakfast Bar, Built In Features, Eat In Kitchen, Granite Counters, Stone Counters | Main | 14 x 12 |
| BedroomCeiling Fans | Main | 12 x 11 |
| BedroomCeiling Fans | Main | 12 x 11 |
| Primary BedroomCeiling Fans, En Suite Bathroom, Separate Shower | Main | 15 x 15 |
| Dining Room | Main | 10 x 10 |
| Living RoomCeiling Fans, Fireplace | Main | 19 x 15 |
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Annual Tax
$5,743
Total Principal
$271,200
Total Interest
$370,173
Total Loan Payment
$641,373
Payoff Date
May 2056
Est. Payment
$2,402
/month
Estimated only. Does not guarantee loan approval. Contact a licensed lender for accurate rates and terms. Rates change daily.
View Online
https://realtorkonda.com/property/the-colony-tx/colony-20/5309-rutledge-court-75056
Contact: (469) 854-1352 · realtorkonda@gmail.com
Listed by Michael Hershenberg · Real Broker, LLC · 855-450-0442
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or NTREIS. © 2026 NTREIS. All rights reserved. Last updated May 9, 2026.
Listing Agent
Michael Hershenberg
Real Broker, LLC