$144,000
NAL Estimated Property Value1103 N Howeth St, Gainesville, TX, 76240
$167,846 ARV
Off Market
Property Lead Type:
BankruptcyOff-Market ListDeal ListAbsentee OwnerHigh EquityVacant Homes
Highlights
Interior
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
$144,000
Estimated Property Value
$58,123Estimated Mortgage Balance
$85,877Estimated Equity
59% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$167,846
Rent-to-Value Ratio: 0.72%
Rent Estimate
$864 /month
Positive
Cash Flow Estimate:
$288 /month
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%
