Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours
Main property image
B+
NoAgentList RatingHow are grades calculated? Info
Days871Days on Market
Views1view
Gallery image 2
Gallery image 3
Gallery image 4
Gallery image 5

$2,200

4940 Watkins Dr, The Colony, TX, 75056

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,425 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.54 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

BankruptcyOff-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Refrigerator

Exterior

Lot Size7,148 sqft

Building Information

Year Built1977
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR14960
Lot Number23
SubdivisionColony No 16
Land UseResidential
Legal DescriptionCOLONY NO 16 BLK 106 LOT 23
Census Tract021521
Assessed Land Value$69,025
Assessed Improvement Value$189,589
Assessment Year2025

About this property

Welcome to your newly renovated home in The Colony. This stunning 3 bedroom, 2 bathroom residence offers comfort, style, and convenience in a highly sought-after neighborhood and large corner lot. Pets are welcome with prior approval. Online application process. This property is not available for tenants with a move in date more than 30 days from date available, more than 2 pets, an income less than 3.0x rent, a bankruptcy less than 5 years old, a judgment less than 7 years old, an eviction less than 7 years old, or any unmet property requirements. 24 month minimum verifiable rental history required. Refrigerator included.

Investor Tools

Property Icon
$319,000
Estimated Property Value
$248,250Estimated Mortgage Balance
$73,696Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,914 /month
Positive
Cash Flow Estimate:
$638 /month

Interested in this property?

Ryan Rite

Orchard Brokerage

ContactContact

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$550/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,001
$258,614
2025
$69,025
$189,589
$258,614
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,001
$258,614

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Delta Community Cu
Conventional
$248,250
No
First
May 23, 2025
Jun 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$245,304
$73,696
23%
77%
$1,589/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,340/mo
$1,589/mo
+$751/mo
8.8%

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...

4940 Watkins Dr | Property Details | No Agent List