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$299,900

5100 Alpha Dr, The Colony, TX, 75056

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,335 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$224.64 / sqft
Year BuiltBuilt in 1974

Property Lead Type:

Absentee 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
FlooringCeramic Tile, Vinyl

Exterior

Lot Size8,050 sqft

Building Information

Year Built1974
Stories1
Roof Type105
Garage Spaces1

Land Information

APNR00319
Lot Number1
SubdivisionColony No 5
Land UseResidential
Legal DescriptionCOLONY NO 5 BLK 34 LOT 1
Census Tract021530
Assessed Land Value$74,875
Assessed Improvement Value$199,771
Assessment Year2025

About this property

Rare opportunity to own a beautifully maintained home in The Colony’s established and highly desirable neighborhoods. This inviting residence offers a comfortable, functional floor plan with abundant natural light and versatile living spaces designed for everyday living and entertaining. The spacious corner lot provides plenty of room to relax and build your imagination. Lots of upgrades and new appliances. Conveniently located near neighborhood schools, parks, walking and biking trails, and The Colony Fire Department. Enjoy quick access to Grandscape, Nebraska Furniture Mart, Andretti Indoor Karting, Topgolf, Hawaiian Waters, Stewart Creek Park, Lake Lewisville, The Tribute Golf Links, Legacy West, and The Shops at Legacy. The Colony’s popular restaurants, shopping destinations, community festivals, and seasonal events are also just minutes away. With convenient access to Highway 121, Main Street–FM 423, The Colony Boulevard, Dallas North Tollway, and I-35E, commuting to Frisco, Plano, Legacy Business Park, Granite Park, Toyota Motor North America, PepsiCo, Liberty Mutual, JPMorgan Chase, and other major North Texas employers is quick and convenient. This property combines a desirable location, comfortable living spaces, a generous lot, and easy access to some of the area’s best shopping, dining, entertainment, and outdoor recreation.

Investor Tools

Property Icon
$281,000
Estimated Property Value
$60,499Estimated Mortgage Balance
$278,443Estimated Equity
78% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,799 /month
Positive
Cash Flow Estimate:
$600 /month

Interested in this property?

Chenchi Kuriakose

Stride Real Estate, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$526/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,912
$274,646
2025
$74,875
$199,771
$274,646
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,912
$274,646

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
David L Hobbs
Seller Carryback / Seller Financing / Seller Take-Back
$60,499
No
First
Apr 3, 1997
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$2,557
$278,443
99%
1%
$363/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,340/mo
$363/mo
+$1,977/mo
10.0%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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5100 Alpha Dr | Property Details | No Agent List