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$266,000

112 Line Dr, Gainesville, TX, 76240

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,891 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$147.54 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
CoolingCooling
AppliancesDishwasher, Electric Water Heater, Gas Range
FlooringCeramic Tile, Hardwood, Vinyl

Exterior

Lot Size24,503 sqft

Building Information

Year Built1950
Roof Type105
Garage Spaces2

Land Information

APN20232
SubdivisionBurris
Land UseResidential
Legal DescriptionBURRIS; BLOCK 9; TR 14
Census Tract001100
Assessed Land Value$59,584
Assessed Improvement Value$163,652
Assessment Year2025

About this property

Take a look at this spacious 3 bedroom 2 bath home that offers a perfect blend of modern updates while still keeping its original charm! There's an additional flex space that is currently being used as an office and just down the hall is a workshop-hobby room that is fully air conditioned! The property boasts several mature trees that offer plenty of shade for this huge, over half an acre lot- as well as a large covered back patio- perfect for those summer cookouts and entertaining guests. Lots of time, love and care have gone into making this house a home so make this one yours today!

Investor Tools

Property Icon
$266,000
Estimated Property Value
$271,000Estimated Mortgage Balance
$0Estimated Equity
-2% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,674 /month
Positive
Cash Flow Estimate:
$558 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$386/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,303
$223,236
2025
$59,584
$163,652
$223,236
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$3,303
$223,236

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Financial Resources Inc
Fha
$271,000
Yes
First
Sep 3, 2025
Oct 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$267,840
N/A
0%
101%
$1,625/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,050/mo
$1,625/mo
$-575/mo
4.7%

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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112 Line Dr | Property Details | No Agent List