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$290,084

NAL Estimated Property Value

1112 Magnolia Street, Gainesville, TX, 76240

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,221 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$123.37 / sqft
Year BuiltBuilt in 1957

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range

Exterior

Lot Size10,877 sqft

Building Information

Year Built1957
Roof Type105

Land Information

APN16661
Lot Number3
SubdivisionHillcrest Addn
Land UseResidential
Legal DescriptionHILLCREST ADDN; BLOCK 21; LOT 3
Census Tract000600
Assessed Land Value$44,859
Assessed Improvement Value$245,225
Assessment Year2025

About this property

This charming brick home in an established neighborhood offers a freshly painted interior with new luxury vinyl plank flooring and carpeting. The spacious living area features a painted brick wall, creating a well-lit and inviting atmosphere and accommodates a flex space. The kitchen boasts stainless steel appliances, updated light fixtures, and a built-in hutch for added storage and display space. With 3 bed 2 bath, a bonus room, and an awesome office complete with a built-in cabinet and window seat, there's ample space for your needs. The office also includes a walk-in closet for added convenience. Outside, enjoy the covered patio and quarter acre lot. Conveniently located near HWY 82 and 35 and shopping. Don't miss out on this fantastic home.

Investor Tools

Property Icon
$290,084
Estimated Property Value
$269,534Estimated Mortgage Balance
$20,550Estimated Equity
7% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,741 /month
Positive
Cash Flow Estimate:
$580 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$363/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,900
$290,084
2025
$44,859
$245,225
$290,084
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$2,900
$290,084

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First State Bank
Fha
$271,000
Yes
First
Jun 7, 2024
Jul 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$269,534
$20,550
7%
93%
$1,674/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
$1,674/mo
$-254/mo
5.9%

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.

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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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1112 Magnolia Street | Property Details | No Agent List