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$320,000

5013 Wheeler Cir, The Colony, TX, 75056

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,409 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$227.11 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Refrigerator
FlooringCeramic Tile, Tile, Vinyl

Exterior

Exterior FeaturesStorage
Lot Size6,926 sqft

Building Information

Year Built1977
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR10200
Lot Number92
SubdivisionColony No 15
Land UseResidential
Legal DescriptionCOLONY NO 15 BLK 103 LOT 92
Census Tract021521
Assessed Land Value$68,475
Assessed Improvement Value$124,748
Assessment Year2025

About this property

Located in the very desirable Colony and nestled on a wonderfully quiet cul-de-sac street and just doors down from a huge Corp of Engineers greenbelt, this home has had many updates. Recent improvements include the installation of easy care luxury vinyl plank flooring and baseboards throughout the living area, as well as all 3 bedrooms and hallways. Interior paint throughout, new 2 inch blinds on all windows, replacement of the electrical panel and addition of modern outlets and switches makes this home ready for move-in. The spacious living room boasts a large corner woodburning fireplace, ceiling fan and 3 large windows which provide an abundance of natural light. It is a welcoming room whether you want to entertain family and friends or just spend a cozy evening. The eat-in kitchen has stainless steel appliances, updated hardware, and new microwave and garbage disposal. The kitchen also provides easy access to the large backyard with ample paverstone areas for entertaining. As a bonus there is an air-conditioned building perfect for office, playhouse or storage. The desirable split bedroom arrangement has the primary bedroom and the ensuite bath at the back of the home providing privacy and a serene getaway. The two additional nice-sized bedrooms are on their own wing and have a hall bath which is also great for guests. The location near Grandscape, Lake Lewisville, DFW airport, shopping, dining, entertainment, and major commuter routes make this a wonderful choice for your new home

Investor Tools

$0Estimated Mortgage Balance
$280,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,920 /month
Positive
Cash Flow Estimate:
$640 /month

Interested in this property?

Jan Evans

Ebby Halliday Realtors

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$428/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,736
$193,223
2025
$68,475
$124,748
$193,223
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,736
$193,223

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$280,000
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
10.0%

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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