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$155,000

NAL Estimated Property Value

1320 E Garnett Street, Gainesville, TX, 76240

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths960 Sq Ft
price_per_sqft$187.5 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
AppliancesDishwasher, Electric Range, Microwave

Exterior

Lot Size7,915 sqft

Building Information

Year Built1940
Roof Type105

Land Information

APN1314
Lot Number6
SubdivisionRobertson Addn #1
Land UseResidential
Legal DescriptionROBERTSON ADDN #1; BLOCK 5; LOT 6
Census Tract001100
Assessed Land Value$32,210
Assessed Improvement Value$90,661
Assessment Year2025

About this property

OWNER FINANCING AVAILABLE DUEÑO A DUEÑO FINANCIAMIENTO POR EL PROPIETARIO DISPONIBLE Welcome to your newly remodeled haven in Gainesville, TX! This charming 3-bedroom, 2-bathroom home exudes modern elegance and comfort. Step inside to discover a bright and airy open-concept layout, perfect for entertaining guests or enjoying cozy family nights. The sleek kitchen boasts stainless steel appliances, quartz countertops, and ample storage space. Retreat to the spacious master suite featuring a luxurious en-suite bathroom with a tiled walk-in shower. Outside, the expansive backyard offers endless possibilities for outdoor fun and relaxation. Conveniently located near schools, parks, and shopping, this immaculate home is ready to welcome you with open arms.

Investor Tools

Property Icon
$155,000
Estimated Property Value
$112,430Estimated Mortgage Balance
$42,570Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,080 /month
Positive
Cash Flow Estimate:
$360 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$206/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,695
$122,871
2025
$32,210
$90,661
$122,871
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$1,695
$122,871

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Churchill Mortgage Corp
Conventional
$117,000
No
First
Mar 18, 2024
Apr 2039

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$112,430
$42,570
27%
73%
$702/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,050/mo
$702/mo
+$348/mo
8.1%

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.

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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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1320 E Garnett Street | Property Details | No Agent List