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$357,000

NAL Estimated Property Value

1408 County Road 263, Gainesville, TX, 76240

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,790 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$106.09 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 1.5Bathrooms Full 1.5
Garage AvailableGarage Available
CoolingCooling
AppliancesNone
FlooringOther

Exterior

Exterior FeaturesStorage
Lot Size5.19 acres

Building Information

Year Built1980
Roof Type105
Garage Spaces2

Land Information

APN9357
Lot Number69
SubdivisionTimber Creek Ranchettes
Land UseResidential
Legal DescriptionTIMBER CREEK RANCHETTES; LOT 69; SEC 2; ACRES 5.19
Census Tract000701
Assessed Land Value$186,685
Assessed Improvement Value$54,752
Assessment Year2025

About this property

A place that offers many possibilities at affordable price on 5 Acres Home GarageShop easy flip for Investors Deal of the Year! Near shops, lakes, casinos, and outdoor activity venues for fishing, swimming, hiking, backpacking and camping in every direction Located in a place where there is temperate weather with scenic views. It has an enviable location between the Hwy 35, 82, 377 so many things to do on this property, This property is located very close to Winstar World Casino off California St. Hwy35 into 678 which is slated to directions to anywhere DONT MISS OUT ON THIS OPPORUNTIY TO BUY AT A GOOD PRICE! Call Today for private showing or tour

Investor Tools

Property Icon
$357,000
Estimated Property Value
$176,290Estimated Mortgage Balance
$180,710Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,142 /month
Positive
Cash Flow Estimate:
$714 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$410/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,139
$241,437
2025
$186,685
$54,752
$241,437
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$3,139
$241,437

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ameristate Bank
Commercial
$180,000
No
First
Mar 21, 2025
Sep 2025

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$176,290
$180,710
50%
49%
$1,080/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,050/mo
$1,080/mo
$-30/mo
3.5%

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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1408 County Road 263 | Property Details | No Agent List