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$122,000

1309 Hancock Street, Gainesville, TX, 76240

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths768 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$143.23 / sqft
Year BuiltBuilt in 1930

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Oven, Other

Exterior

Lot Size5,223 sqft

Building Information

Year Built1930
Roof Type105
Garage Spaces1

Land Information

APN1629
Lot Number1-4
SubdivisionMontgomery Addn
Land UseResidential
Legal DescriptionMONTGOMERY ADDN; BLOCK 35; LOT 1-4 N 50'
Census Tract000400
Assessed Land Value$23,460
Assessed Improvement Value$75,920
Assessment Year2025

About this property

2 bedroom 1 bath.. Updates made a few years back.. One car garage with room for a shop area, fenced yard..Home has newer plumbing and a newer breaker box. No survey. More pictures coming soon.. House is occupied... Schedule through Broker bay

Investor Tools

Property Icon
$122,000
Estimated Property Value
$0Estimated Mortgage Balance
$53,974Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$732 /month
Positive
Cash Flow Estimate:
$244 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$208/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,883
$99,380
2025
$23,460
$75,920
$99,380
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$1,883
$99,380

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Valliance Bank
Purchase Money Mortgage
$70,000
No
First
Oct 15, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$68,026
$53,974
44%
56%
$420/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,050/mo
$420/mo
+$630/mo
10.3%

Learn About the Market: Opportunity in Texas

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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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1309 Hancock Street | Property Details | No Agent List