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$370,000

NAL Estimated Property Value

5209 Reed Dr, The Colony, TX, 75056

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,017 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$192.61 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Microwave
FlooringCarpet, Ceramic Tile

Exterior

Lot Size6,821 sqft

Building Information

Year Built1983
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR13439
Lot Number3
SubdivisionColony No 19
Land UseResidential
Legal DescriptionCOLONY NO 19 BLK 127 LOT 3
Census Tract021521
Assessed Land Value$68,200
Assessed Improvement Value$186,493
Assessment Year2025

About this property

Step inside this meticulously maintained single story nestled in an established neighborhood. Once inside you'll be greeted by a light filled formal living and dining area with vaulted ceilings. A dry bar leads you into the open-concept kitchen, breakfast area and family room. Enjoy entertaining friends and family in the cozy family room highlighted by a warm fireplace and easy to maintain tile floors. The galley style kitchen offers upgraded granite counter-tops, Frigidaire stainless steel appliances, and mosaic tile back-splash. After a long day relax in the spacious primary bedroom featuring a large walk-in closet and ensuite bath. Great size utility room with built-in cabinets and second pantry space for additional storage. Excellent location surrounded by parks, schools and nearby 121 and Grandscape with incredible shopping, dining and entertainment options.

Investor Tools

Property Icon
$370,000
Estimated Property Value
$373,023Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,331 /month
Positive
Cash Flow Estimate:
$777 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$615/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,535
$254,693
2025
$68,200
$186,493
$254,693
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,535
$254,693

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ark-La-Tex Financial Services Llc
Fha
$381,462
Yes
First
Feb 25, 2025
Mar 2085

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$373,023
N/A
0%
101%
$2,288/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,340/mo
$2,288/mo
+$52/mo
7.6%

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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5209 Reed Dr | Property Details | No Agent List