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$234,357

NAL Estimated Property Value

1209 Elmwood Street, Gainesville, TX, 76240

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,460 Sq Ft
price_per_sqft$109.59 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesGas Cooktop, Gas Oven
FlooringConcrete, Laminate

Exterior

Exterior FeaturesPrivate Yard
Lot Size10,315 sqft

Building Information

Year Built1960
Roof Type105
Garage Spaces2

Land Information

APN1900
Lot Number16
SubdivisionHillcrest Addn
Land UseResidential
Legal DescriptionHILLCREST ADDN; BLOCK 20; LOT 16
Census Tract000600
Assessed Land Value$43,170
Assessed Improvement Value$191,187
Assessment Year2025

About this property

Welcome home. Walk in to a spacious living room with lots of natural light. A functional floor plan with an eat in kitchen and covered patio for outdoor parties make this a perfect home for entertaining. Remodeled bathrooms with upgraded finishes will wow at this price point this home will not last long. Bring your offers!

Investor Tools

Property Icon
$234,357
Estimated Property Value
$133,761Estimated Mortgage Balance
$100,596Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,406 /month
Positive
Cash Flow Estimate:
$469 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$487/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,669
$234,357
2025
$43,170
$191,187
$234,357
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$4,669
$234,357

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Waterstone Mortgage Corp
Fha
$156,120
Yes
First
Mar 27, 2019
Apr 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$133,761
$100,596
42%
57%
$937/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
$937/mo
+$483/mo
7.3%

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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1209 Elmwood Street | Property Details | No Agent List