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$275,000

1385 County Road 2117, Gainesville, TX, 76240

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,152 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$238.72 / sqft
Year BuiltBuilt in 2015

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
CoolingCooling
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Microwave, Plumbed For Ice Maker
FlooringLaminate, Vinyl

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size1.90 acres

Building Information

Year Built2015
Roof Type112
Garage Spaces2

Land Information

APN5269
SubdivisionWalker H
Land UseResidential
Legal DescriptionWALKER H 1082 ACRES 1.9
Census Tract000702
Assessed Land Value$135,800
Assessed Improvement Value$128,958
Assessment Year2025

About this property

Sweet country living! Prairie style 2 bedroom, 2 bath on almost 2 treed acres. This 1152 sq ft of living has a huge attic space that is spray foam insulated and completely floored - fantastic sq footage for whatever you can imagine! Fireplace currently has gas logs but can also be woodburning. Custom cabinets throughout the home, kitchen features Stainless gas cookstove and breakfast bar. Other amenities include engineered slab, fabulous front porch for sitting, tankless water heater, RV hookup, 2 car detached garage, storage building, extra shed and aerobic septic system. Propane tank is leased. No survey - Buyer will need to purchase. Excludes porch swing, bird houses and refrigerator.

Investor Tools

Property Icon
$321,000
Estimated Property Value
$271,982Estimated Mortgage Balance
$51,303Estimated Equity
15% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,926 /month
Positive
Cash Flow Estimate:
$642 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$360/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,716
$264,758
2025
$135,800
$128,958
$264,758
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$2,716
$264,758

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Movement Mortgage
Fha
$271,982
Yes
First
Mar 11, 2022
Apr 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$269,697
$51,303
15%
84%
$1,748/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,050/mo
$1,748/mo
$-698/mo
3.9%

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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