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B+
NoAgentList RatingHow are grades calculated?Info
Days504Days on Market
Views1view
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$229,000

511 Mcmillan Dr, Winnsboro, TX, 75494

$255,077 ARVInfo
On MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,742 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$83.52 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
AppliancesElectric Range
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Lot Size11,905 sqft

Building Information

Year Built1970

Land Information

APN01200-00173-00000-000000
Lot Number21,22
SubdivisionBroadview
Land UseResidential
Legal DescriptionAB 618 W H SUMMERLIN LT 22 & PT LT 21 BROADVIEW
Census Tract950300
Assessed Land Value$9,850
Assessed Improvement Value$217,480
Assessment Year2025

About this property

Winnsboro, Texas - Franklin County, TX - Come check out this flexable property with so many possibilities! :::Attention Investors, multi-family or first time home buyers!::: Main house is 3BR-2BA with spacious living room, large kitchen & laundry room with new central heat & air. ---> The mother-in-law suite, rental or even a game room, comes with a full kitchen with lots of cabinets, spacious living room, 1BR-1BA, laundry room, plus 2 new mini-spits. Just minutes away from schools, shopping, restaurants and hospital. Don't miss out on this property!

Investor Tools

$91,412Estimated Mortgage Balance
$135,750Estimated Equity
59% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$255,077
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,374 /month
Positive
Cash Flow Estimate:
$458 /month

Interested in this property?

Taylor Abernathy

United Country Cain Agency

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$405/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,722
$193,460
2025
$9,850
$217,480
$227,330
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,722
$193,460

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Heritage National Bank
Purchase Money Mortgage
$97,750
No
First
Nov 10, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$91,412
$135,588
59%
40%
$587/mo

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: Winnsboro

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