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B+
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$346,000

4912 Wheeler Dr, The Colony, TX, 75056

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,727 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$202.61 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave
FlooringVinyl

Exterior

Lot Size6,599 sqft

Building Information

Year Built1977
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR15031
Lot Number15
SubdivisionColony No 16
Land UseResidential
Legal DescriptionCOLONY NO 16 BLK 107 LOT 15
Census Tract021521
Assessed Land Value$66,000
Assessed Improvement Value$217,807
Assessment Year2025

About this property

Discover the perfect blend of comfort and style in this delightful 3-bedroom, 2-bathroom home in the heart of The Colony, Texas boasting multiple updates and upgrades including updated bathrooms and kitchen, flooring throughout, upgraded LED light fixtures, kitchen appliances including washer and dryer. Step inside to find an inviting living space accented by natural light and a welcoming atmosphere. The open-concept living area provides a seamless flow between the living room and kitchen, perfect for casual gatherings and an inviting fireplace as the main focal point. The kitchen offers updated stainless steel appliances and ample cabinet space, making meal preparation a joyful activity. An adjacent formal dining room provides an elegant setting for hosting dinner parties. The home features a spacious primary suite, complete with an en-suite bathroom for a personal retreat. Two additional well-appointed bedrooms offer versatility, ideal for accommodating guests, a home office, or a creative space. The exterior has been freshly painted and features an oversized garage perfect for the car or hobby enthusiast. With its combination of comfort, functionality, and location, this home presents an excellent opportunity for those seeking a balanced lifestyle.

Investor Tools

Property Icon
$346,000
Estimated Property Value
$0Estimated Mortgage Balance
$346,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,099 /month
Positive
Cash Flow Estimate:
$700 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$602/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,488
$283,807
2025
$66,000
$217,807
$283,807
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,488
$283,807

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$346,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,340/mo
N/A
+$2,340/mo
8.1%

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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4912 Wheeler Dr | Property Details | No Agent List