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$144,000

1103 N Howeth St, Gainesville, TX, 76240

$173,193 ARVInfo
Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,248 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$88.14 / sqft
Year BuiltBuilt in 1954

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListDeal ListAbsentee OwnerHigh EquityVacant Homes

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesGas Range
FlooringHardwood, Laminate, Tile

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size10,877 sqft

Building Information

Year Built1954
Roof Type105
Garage Spaces1

Land Information

APN6039
Lot Number15
SubdivisionHillcrest Addn
Land UseResidential
Legal DescriptionHILLCREST ADDN; BLOCK 9; LOT 15
Census Tract000600
Assessed Land Value$44,859
Assessed Improvement Value$94,506
Assessment Year2025

About this property

Calling all visionaries and investors! Unleash your creativity in this 2-bedroom, 1,248 sq. ft. home that could be converted to 3 bedroom, and also has a designated laundry room and several hall closets. Located in the charming Hillcrest subdivision of Gainesville, TX. The roof is a 30 year roof anded in the last several years, and a new upgraded electrical panel. Home is ducted for HVAC but new system is needed. Interior will need a full gut but it has great bones and a beautiful lot.

Investor Tools

Property Icon
$144,000
Estimated Property Value
$60,000Estimated Mortgage Balance
$85,877Estimated Equity
58% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$173,193
Rent-to-Value Ratio: 0.72%
Rent Estimate
$864 /month
Positive
Cash Flow Estimate:
$288 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$315/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,065
$139,365
2025
$44,859
$94,506
$139,365
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$3,065
$139,365

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mnary Baribeau
Purchase Money Mortgage
$60,000
No
First
Aug 9, 2024
Aug 2025

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$58,123
$85,877
59%
40%
$360/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,050/mo
$360/mo
+$690/mo
8.8%

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: Gainesville

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