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B+
NoAgentList RatingHow are grades calculated? Info

$203,000

1104 Locust St, Gainesville, TX, 76240

SoldInfo
6/13/26
Beds2 Beds
Baths1 Bath
Baths920 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.52 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1.5Bathrooms Full 1.5
Garage AvailableGarage Available
Heating CentralHeating Central
AppliancesDishwasher, Electric Range, Microwave, Refrigerator
FlooringCarpet

Exterior

Lot Size10,498 sqft

Building Information

Year Built1940
Roof Type105
Garage Spaces1

Land Information

APN4270
SubdivisionGainesville Addn
Land UseResidential
Legal DescriptionGAINESVILLE ADDN; BLOCK 126; TR 22
Census Tract001100
Assessed Land Value$41,910
Assessed Improvement Value$138,400
Assessment Year2025

About this property

Charming Home with 3 bedroom or 2 bedroom & office, renovated, fresh paint throughout, wood flooring throughout, with granite countertops and windows. Refrigerator included. Washer & Dryer hookup. Large partially fenced lot on a quiet street. No smokers, and 1 small pet allowed. Tenant is required to have renters insurance for personal property. Landlord will maintain yard for additional monthly fee. The Dining Room table & chairs, and the desk can remain or be removed.

Investor Tools

Property Icon
$203,000
Estimated Property Value
$145,825Estimated Mortgage Balance
$70,087Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,218 /month
Positive
Cash Flow Estimate:
$406 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$249/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,972
$180,310
2025
$41,910
$138,400
$180,310
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$1,972
$180,310

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primelending
Conventional
$145,825
No
First
Nov 23, 2021
Dec 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$132,913
$70,087
34%
65%
$875/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,050/mo
$875/mo
+$175/mo
6.2%

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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1104 Locust St | Property Details | No Agent List