Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours
Street View of property
Street View
A+
NoAgentList RatingHow are grades calculated? Info
Views1view

$234,756

1218 Fair Ave, Gainesville, TX, 76240

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,616 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$129.92 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListDeal ListAbsentee OwnerHigh EquityVacant Homes

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesGas Range
FlooringCarpet, Laminate

Exterior

Lot Size10,877 sqft

Building Information

Year Built1955
Roof Type112

Land Information

APN19194
Lot Number2S71
SubdivisionHillcrest Addn
Land UseResidential
Legal DescriptionHILLCREST ADDN; 2385; BLOCK 14; LOT 2 S 71' & 3 N 4'; 0.2497
Census Tract000600
Assessed Land Value$44,859
Assessed Improvement Value$189,897
Assessment Year2025

About this property

This property located in the Hillcrest subdivision features 3 bedrooms and an area with mature trees. It is close to major throughfares for easy access to retail centers, employment centers, hospitals, schools, entertainment venues, and parks. Make this property your own. Don't miss out on this one.

Investor Tools

Property Icon
$234,756
Estimated Property Value
$120,000Estimated Mortgage Balance
$115,626Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,409 /month
Positive
Cash Flow Estimate:
$470 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$486/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,662
$234,756
2025
$44,859
$189,897
$234,756
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$4,662
$234,756

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American National Bank & Trust
Conventional
$120,000
No
First
Dec 1, 2025
Jan 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$119,130
$115,626
49%
51%
$720/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,050/mo
$720/mo
+$330/mo
5.4%

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...