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Days353Days on Market
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$348,900

5500 Slay Dr, The Colony, TX, 75056

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,379 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$253.01 / sqft
Year BuiltBuilt in 1974

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop
FlooringCeramic Tile, Laminate

Exterior

Lot Size6,656 sqft

Building Information

Year Built1974
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR02472
Lot Number35
SubdivisionColony No 14
Land UseResidential
Legal DescriptionCOLONY NO 14 BLK 72 LOT 35
Census Tract021531
Assessed Land Value$66,550
Assessed Improvement Value$195,636
Assessment Year2025

About this property

**LIFETIME TRANSFERABLE WARRANTY** The Colony ISD. Beautiful, recently renovated home that is extremely well-maintained. It features remodeled bathrooms, granite countertops, stainless steel appliances, fixtures, flooring, and backyard improvements. It also comes with a NEW HVAC system, NEW ROOF , garage door opener, and NEW WATER HEATER. There are lots of new updates, especially the costly ones. This charming three-bedroom home in The Colony offers a spacious living room with a corner wood-burning fireplace. The great room sizes come with a large yard for kids and pets to enjoy. You can also enjoy evenings on the in the backyard. The home is in a prime location, just minutes away from The Grandscape's entertainment, restaurants, and shopping! This home will be highly sought after and will not stay on the market for long. Schedule your private showing today. Easy commute to major Highways. The seller is offering concessions for a rate buy-down or closing costs.

Investor Tools

$0Estimated Mortgage Balance
$307,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,093 /month
Positive
Cash Flow Estimate:
$698 /month

Interested in this property?

Lucy Enriquez

Evolve Real Estate LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$588/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,527
$262,186
2025
$66,550
$195,636
$262,186
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,527
$262,186

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$307,000
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
9.1%

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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