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$615,000

7024 Wake Forrest Dr, Dallas, TX, 75214

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,398 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$439.91 / sqft
Year BuiltBuilt in 1957

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave

Exterior

Exterior FeaturesRain Gutters, Private Yard
Lot Size8,160 sqft

Building Information

Year Built1957
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00000397453000000
Lot Number14
SubdivisionUniversity Terrace Rev
Land UseResidential
Legal DescriptionUNIVERSITY TERRACE REV BLK F/5427 LOT 14 INT202100325910 DD10272021 CO-DC 5427 00F 01400 1DA5427 00F
Census Tract007902
Assessed Land Value$400,000
Assessed Improvement Value$226,460
Assessment Year2025

About this property

Beautifully updated and ideally located, this charming home is zoned to coveted Lakewood Elementary and offers easy access to White Rock Lake with neighborhood trail access just steps away. Featuring 3 bedrooms and 2 updated baths, this home offers comfortable living with thoughtful updates throughout. The open-concept layout creates seamless flow between the living, dining, and kitchen spaces—perfect for both everyday living and entertaining. The kitchen boasts stainless steel appliances, a built-in microwave, gas cooktop, farmhouse sink, and crisp white quartz countertops. Outside, enjoy a private backyard with a patio for entertaining, grassy play space, and a rear two-car garage—offering both function and charm in one of East Dallas’ most desirable locations. Sellers have updated all sewer lines to PVC!

Investor Tools

Property Icon
$626,460
Estimated Property Value
$473,400Estimated Mortgage Balance
$195,799Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,759 /month
Positive
Cash Flow Estimate:
$1,253 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$990/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,747
$626,460
2025
$400,000
$226,460
$626,460
No

Tax History

Year
Tax Paid
Assessed Value
2025
$8,747
$626,460

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Horizon Bank
Conventional
$473,400
No
First
Oct 27, 2021
Nov 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$430,661
$195,799
31%
69%
$2,839/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,210/mo
$2,839/mo
$-629/mo
4.2%

Learn About the Market: Opportunity in Dallas

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Explore

Dallas

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.

Explore Texas Explore This Area
Population Growth

Population Growth

~0.8%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$318,600

Unemployment Rate

Unemployment Rate

3.60%

Price Trend

Price Trend

~2–3% YoY growth

New Permits

New Permits

~5,500 units

City: Dallas

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7024 Wake Forrest Dr | Property Details | No Agent List