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Owner Contacts

$688,000

NAL Estimated Property Value

7006 Winchester St, Dallas, TX, 75231

Off Market

3 Beds

3 Bath

1,945 Sq Ft

Single Family Residence

$307.97 / sqft

Built in 1961

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Indoor Fireplace

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave

FlooringTerrazzo, Tile, Wood

Exterior

Exterior FeaturesRain Gutters, Lighting, Private Yard

Lot Size14,796 sqft

Building Information

Year Built1961

Stories1

Roof Type105

Garage Spaces2

Land Information

APN00000398911000000

Lot Number1

SubdivisionMerriman Park

Land UseResidential

Legal DescriptionMERRIMAN PARK BLK S/5436 LT 1 INT202200134209 DD05102022 CO-DC 5436 00S 00100 3005436 00S

Census Tract007809

Assessed Land Value$285,000

Assessed Improvement Value$348,660

Assessment Year2025

About this property

Filled with character and charm, this sprawling home sits on a .34 acre corner lot in picturesque Merriman Park. Thoughtfully updated to enhance its mid-century modern roots, rather than mask it, this home features an open, functional floor plan, warm wainscoting, terrazzo tile, and original hardwood floors. French doors in the living room open to a massive backyard and stone patio. Walking distance to White Rock Lake, Flag Hill Park, and Ridgewood Trail.

Investor Tools

$688,000

Estimated Property Value

$499,342Estimated Mortgage Balance

$188,658Estimated Equity

27% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$4,128 /month

Positive

Cash Flow Estimate:

$1,376 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,417/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$13,566

$633,660

2025

$285,000

$348,660

$633,660

Tax History

Year

Tax Paid

Assessed Value

2024

$13,566

$633,660

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

First Horizon Bank

Conventional

$539,750

First

May 10, 2022

Jun 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$499,342

$188,658

27%

73%

$3,237/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,972/mo

$3,237/mo

$-1,265/mo

3.4%

Learn About the Market: Opportunity in Dallas

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The largest metro area in Texas, Dallas–Fort Worth blends corporate muscle with suburban sprawl and long-run growth. Anchored by Fortune 500 headquarters, two major airports, and sprawling master-planned communities, the region stretches from Uptown Dallas high-rises to Fort Worth’s historic Stockyards.

DFW is where finance meets freight, tech meets transportation, and new subdivisions seem to rise as quickly as new logistics hubs. It’s a metro defined by scale — in jobs, rooftops, and opportunity.

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