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$162,500

$164,500

1211 Belmont St, Gainesville, TX, 76240

$171,496 ARVInfo
On MarketInfo
Price DropInfo
Beds2 Beds
Baths1 Bath
Baths1,364 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$119.13 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Must-SellDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesOther

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size10,877 sqft

Building Information

Year Built1960
Roof Type105
Garage Spaces2

Land Information

APN8117
Lot Number15
SubdivisionHillcrest Addn
Land UseResidential
Legal DescriptionHILLCREST ADDN; BLOCK 14; LOT 15
Census Tract000600
Assessed Land Value$44,859
Assessed Improvement Value$147,395
Assessment Year2025

About this property

SELLER IS OFFERING A 2-1 BUYDOWN ON THE INTEREST RATE! Two bedroom one bath house in established neighborhood located close to Highway 82 (but without the highway noise). Large backyard with trees, grass, and an 11x17 metal storage building on a slab. Buyer and-or Buyer's Agent to verify any and all information from Seller and-or Seller's agent. AGENT IS RELATED TO SELLER. SELLER IS A LICENSED TEXAS REAL ESTATE AGENT.

Investor Tools

Property Icon
$220,000
Estimated Property Value
$128,318Estimated Mortgage Balance
$94,520Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$171,496
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,320 /month
Positive
Cash Flow Estimate:
$440 /month

Interested in this property?

Steve Ritchey

Ritchey Real Estate Group

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$395/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,644
$192,254
2025
$44,859
$147,395
$192,254
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$3,644
$192,254

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
4u Fcu
Stand Alone Second / Subordinate Position
$128,318
No
First
Apr 14, 2025
Apr 2040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$125,673
$72,327
36%
57%
$770/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
$770/mo
+$650/mo
7.7%

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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1211 Belmont St | Property Details | No Agent List