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$402,000

NAL Estimated Property Value

133 Mohave Drive, Gainesville, TX, 76240

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,898 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$221.23 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave

Exterior

Exterior FeaturesLighting
Lot Size13,543 sqft

Building Information

Year Built2024
Roof Type105
Garage Spaces2

Land Information

APN5056
Lot Number1195
SubdivisionLake Kiowa Map 12
Land UseVacant Land
Legal DescriptionLAKE KIOWA MAP 12; LOT 1195
Census Tract000701
Assessed Land Value$79,231
Assessed Improvement Value$76,548
Assessment Year2025

About this property

New construction at a great price! This might be the best deal in all of Lake Kiowa!!! Located on a quiet street with no neighbor to the north and pasture behind, this home offers great use of space while being energy efficient and inviting. Off the living area is an office with built in shelving. The living area features a gas fireplace with shiplap accent. Open floorplan allows the chef to work while also entertaining in the dining and living spaces. Kitchen features quartz counters, a breakfast bar, pantry, lots of cabinets and beautiful backsplash. The primary suite has a tray ceiling and window seat in the bedroom, huge walk-in closet, and a bathroom with soaking tub, separate shower, and TWO linen closets! Lake Kiowa is a gated community with 24-hour manned entrance, private lake for fishing or skiing, unlimited golfing on the PGA rated golf course, two beaches, a community center with restaurant and 19th hole, and soon a 9 hole par 3 course!

Investor Tools

Property Icon
$402,000
Estimated Property Value
$406,004Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,519 /month
Positive
Cash Flow Estimate:
$840 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$229/month
$325/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$735
$155,779
2025
$79,231
$76,548
$155,779
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$735
$155,779

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cornerstone Home Lending
Fha
$411,410
Yes
First
Aug 15, 2025
Sep 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$406,004
N/A
0%
101%
$2,467/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
$2,792/mo
$-1,372/mo
4.2%

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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133 Mohave Drive | Property Details | No Agent List