Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours
Main property image
Days262Days on Market
Views1view
Gallery image 2
Gallery image 3
Gallery image 4
Gallery image 5

$199,000

1108 Locust St, Gainesville, TX, 76240

On MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,250 Sq Ft
price_per_sqft$159.2 / sqft
Year BuiltBuilt in 1962

Property Lead Type:

Must-SellAbsentee OwnerVacant Homes

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1.5Bathrooms Full 1.5
Garage AvailableGarage Available
CoolingCooling
AppliancesElectric Range

Exterior

Exterior FeaturesStorage
Lot Size11,674 sqft

Building Information

Year Built1962
Roof Type105
Garage Spaces1

Land Information

APN6872
SubdivisionGainesville Addn
Land UseResidential
Legal DescriptionGAINESVILLE ADDN; BLOCK 127; TR 1
Census Tract001100
Assessed Land Value$44,442
Assessed Improvement Value$112,221
Assessment Year2025

About this property

Fantastic opportunity to own a home with no down payment, on this delightful one-level home on a spacious quarter acre lot. Plenty of upgrades inside and out. Quiet fenced backyard with a large shed. Bright interior, spacious kitchen. Special government backed loan makes it possible to buy this with no down payment at all, and with lower interest rate than others have recently paid. This is a limited time opportunity. Why be a rent slave when you could be moving in to your own home in 3 weeks? Call me for the details today.

Investor Tools

$128,867Estimated Mortgage Balance
$68,133Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,194 /month
Positive
Cash Flow Estimate:
$398 /month

Interested in this property?

Mike Personius

Keller Williams Realty-FM

ContactContact

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$330/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,970
$156,663
2025
$44,442
$112,221
$156,663
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$2,970
$156,663

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Easy Street Capital Llc
Commercial
$130,000
No
First
Jan 21, 2026
Feb 2027

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$128,867
$68,133
34%
65%
$780/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,050/mo
$780/mo
+$270/mo
6.4%

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...

1108 Locust St | Property Details | No Agent List