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$130,732

1009 S Morris Street, Gainesville, TX, 76240

$169,952 ARVInfo
Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,504 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$59.84 / sqft
Year BuiltBuilt in 1920

Property Lead Type:

Off-Market ListDeal ListARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesGas Range, Gas Water Heater
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Lot Size7,501 sqft

Building Information

Year Built1920
Roof Type105

Land Information

APN4144
Lot Number4
SubdivisionBelmont
Land UseResidential
Legal DescriptionBELMONT; BLOCK 14; LOT 4
Census Tract001100
Assessed Land Value$27,525
Assessed Improvement Value$103,207
Assessment Year2025

About this property

3 Bedroom, 1 Bath with a loft area that could be used as a 4th bedroom with a large fenced in backyard. Previously rented for $1k per month- this investment property needs some love but is priced to sell! New Roof, HVAC system and ductwork were installed in 2022. If you've been looking to get into the rental business or wanting to expand your portfolio this could be the deal you've been waiting for. Call your favorite Realtor today and check this one out!

Investor Tools

Property Icon
$130,732
Estimated Property Value
$0Estimated Mortgage Balance
$70,314Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$169,952
Rent-to-Value Ratio: 0.72%
Rent Estimate
$784 /month
Positive
Cash Flow Estimate:
$261 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$261/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,477
$130,732
2025
$27,525
$103,207
$130,732
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$2,477
$130,732

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First State Bank
Unknown
$25,000
No
First
Mar 27, 2009
Mar 2014

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$60,418
$70,314
53%
46%
$467/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
$467/mo
+$953/mo
13.0%

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: Gainesville

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1009 S Morris Street | Property Details | No Agent List