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$150,000

1311 S Clements Street, Gainesville, TX, 76240

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths1 Bath
Baths780 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$192.31 / sqft
Year BuiltBuilt in 1922

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Refrigerator

Exterior

Lot Size18,382 sqft

Building Information

Year Built1922
Roof Type105
Garage Spaces1

Land Information

APN16694
SubdivisionGainesville Addn
Land UseResidential
Legal DescriptionGAINESVILLE ADDN; BLOCK 129; TR 2; ACRES .422
Census Tract001100
Assessed Land Value$51,009
Assessed Improvement Value$84,319
Assessment Year2025

About this property

Current interest rate may be assumable. Discounted rate options and no lender fee future refinancing may be available for qualified buyers of this home

Investor Tools

$105,698Estimated Mortgage Balance
$36,302Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$900 /month
Positive
Cash Flow Estimate:
$300 /month

Interested in this property?

Sheryl Sears

Orchard Brokerage

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$201/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,705
$135,328
2025
$51,009
$84,319
$135,328
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$1,705
$135,328

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Fha
$110,907
Yes
First
Nov 16, 2023
Dec 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$105,698
$36,302
25%
74%
$665/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
$665/mo
+$755/mo
12.0%

City: Gainesville