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

$396,000

NAL Estimated Property Value

5160 Reed Dr, The Colony, TX, 75056

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,946 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$205.5 / sqft
Year BuiltBuilt in 1978

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, Gas Oven, Gas Range, Microwave
FlooringCarpet, Tile

Exterior

Private PoolPrivate Pool
Lot Size8,120 sqft

Building Information

Year Built1978
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR90267
Lot Number32
SubdivisionColony No 18
Land UseResidential
Legal DescriptionCOLONY NO 18 BLK 123 LOT 32
Census Tract021521
Assessed Land Value$87,366
Assessed Improvement Value$228,410
Assessment Year2025

About this property

Welcome home to this beautifully maintained 3-bedroom, 2-bath home in the heart of The Colony, where comfort, style, and entertainment come together effortlessly. Step inside to an inviting open-concept layout filled with abundant natural light, spacious living areas, and a cozy fireplace that creates the perfect gathering space. The updated kitchen features rich cabinetry, stainless steel appliances, a gas range, ample counter space, and a seamless flow into the dining and living areas. A spacious game room complete with a built-in bar offers the ultimate space for hosting friends, family gatherings, or game nights. Step outside and discover your own private backyard retreat. Enjoy the sparkling pool with a tranquil rock waterfall, unwind in the spa, or relax under the covered patio while enjoying your outdoor oasis. Ideally located just minutes from Grandscape, WorldSprings, Topgolf, Hawaiian Waters, premier shopping, dining, and major highways, this exceptional home offers the perfect blend of convenience, recreation, and everyday comfort. Don't miss the opportunity to make this incredible home yours!

Investor Tools

Property Icon
$396,000
Estimated Property Value
$70,489Estimated Mortgage Balance
$326,214Estimated Equity
80% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,399 /month
Positive
Cash Flow Estimate:
$800 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$361/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,351
$315,776
2025
$87,366
$228,410
$315,776
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,351
$315,776

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texaslending.Com
Fha
$122,735
Yes
First
May 26, 2009
Jun 2039

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$70,489
$289,511
80%
18%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,340/mo
N/A
+$2,340/mo
7.1%

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...

5160 Reed Dr | Property Details | No Agent List