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$342,000

NAL Estimated Property Value

227 Colonial Drive, Wylie, TX, 75098

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,632 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$159.93 / sqft
Year BuiltBuilt in 1976

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Exterior FeaturesStorage
Lot Size1 acre

Building Information

Year Built1976
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-1202-002-0040-1
Lot Number4
SubdivisionColonial Acres Estates
Land UseResidential
Legal DescriptionCOLONIAL ACRES ESTATES, BLK B, LOT 4
Census Tract031322
Assessed Land Value$110,000
Assessed Improvement Value$200,589
Assessment Year2025

About this property

MULTIPLE OFFERS - OFFER DEADLINE IS SUNDAY, SEPT 1 at 5PM. This ranch style home sits on one acre in the highly sought after community of Colonial Acres Estates! Enjoy country living while being close to all of the amenities of the city. Home has 3 bedrooms, 2 baths, fresh paint, and new carpet. New HVAC installed May 2019. Property includes two storage sheds and a large workshop with electricity. No city taxes! No HOA! Refrigerator, washer & dryer, and air compressor in the workshop all stay.

Investor Tools

Property Icon
$342,000
Estimated Property Value
$234,012Estimated Mortgage Balance
$107,988Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,052 /month
Positive
Cash Flow Estimate:
$684 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$416/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,279
$310,589
2025
$110,000
$200,589
$310,589
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,279
$310,589

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Bank Na
Conventional
$255,776
No
First
Nov 12, 2021
Dec 2041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$234,012
$107,988
31%
68%
$1,534/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$1,534/mo
+$1,806/mo
11.7%

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: Wylie

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227 Colonial Drive | Property Details | No Agent List