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$310,990

NAL Estimated Property Value

1208 Magnolia Street, Gainesville, TX, 76240

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,771 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$163.18 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1.5Bathrooms Full 1.5
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Exterior FeaturesFire Pit, Storage
Lot Size10,877 sqft

Building Information

Year Built1960
Roof Type105
Garage Spaces1

Land Information

APN20006
Lot Number7
SubdivisionHillcrest Addn
Land UseResidential
Legal DescriptionHILLCREST ADDN; BLOCK 20; LOT 7
Census Tract000600
Assessed Land Value$44,859
Assessed Improvement Value$266,131
Assessment Year2025

About this property

Bring in the New Year with This Beautiful Home That Will Be Sure to Make Your Family Celebrate! Flexible Floor Plan Offering Living Area, Dining Area, Two Spacious Guest Bedrooms and a Large Master with En-suite, Contemporary Kitchen, 6 Burner Gas Cook Top, Stainless Appliances, Enclosed Porch, HUGE Storage Closet, Large Workshop with Covered Outdoor Living Area for All Your Entertaining, Kitchen, Grill, Misting System, Fire Pit, Metal Gate, Fenced backyard, Additional Parking Your BIG Toys, Storage Buildings. This Home Has So Much to Offer That You Will Absolutely Love! Schedule Today!

Investor Tools

Property Icon
$310,990
Estimated Property Value
$228,133Estimated Mortgage Balance
$82,857Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,866 /month
Positive
Cash Flow Estimate:
$622 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$516/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,632
$310,990
2025
$44,859
$266,131
$310,990
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$4,632
$310,990

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Conventional
$247,500
No
First
Mar 23, 2022
Apr 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$228,133
$82,857
26%
73%
$1,484/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
$1,484/mo
$-64/mo
5.5%

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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1208 Magnolia Street | Property Details | No Agent List