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$40,000

00 First Mate Road, Gun Barrel City, TX, 75147

On MarketInfo
Baths0 Bath

About this property

Gun Barrel City takes its unique name from Gun Barrel Lane, an old, straight mud road (now State Highway 198) that connected nearby towns.Cedar Creek Reservoir: This 32,623-acre lake often referred to as Cedar Creek Lake; is the fourth-largest lake in Texas. Completed in 1965 to supply water to North Texas, it spans 18 miles long with over 220 miles of shoreline.Key Activities & RecreationFishing: The reservoir is well known for largemouth bass, blue catfish, and hybrid striped bass.Boating: The lake is one of the few in the region that allows private boathouses and waterfront property ownership. Gun Barrel City hosts an annual July 4th Festival & Concert at the Park. The spectacular Thunder Over Cedar Creek Lake Airshow takes place over the reservoir during the Fourth of July weekend.

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$0Estimated Equity
0% equity
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$300 /month
Positive
Cash Flow Estimate:
$100 /month

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Lida Enloe

United Real Estate

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Financing Details

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

Learn About the Market: Opportunity in Texas

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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.

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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: Gun Barrel City

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00 First Mate Road | Property Details | No Agent List