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$200,000

NAL Estimated Property Value

1508 Patricia Drive, Gainesville, TX, 76240

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,140 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$172.81 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1.5Bathrooms Full 1.5
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Refrigerator

Exterior

Lot Size6,599 sqft

Building Information

Year Built1983
Roof Type105
Garage Spaces1

Land Information

APN15451
Lot Number16
SubdivisionRidgecrest
Land UseResidential
Legal DescriptionRIDGECREST; BLOCK 3; LOT 16
Census Tract001100
Assessed Land Value$33,990
Assessed Improvement Value$149,647
Assessment Year2025

Investor Tools

Property Icon
$200,000
Estimated Property Value
$194,313Estimated Mortgage Balance
$5,687Estimated Equity
2% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,200 /month
Positive
Cash Flow Estimate:
$400 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$373/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,480
$183,637
2025
$33,990
$149,647
$183,637
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$3,480
$183,637

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Neighbors Bank
Fha
$204,232
Yes
First
Sep 13, 2023
Oct 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$194,313
$5,687
2%
97%
$1,225/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
$1,225/mo
+$195/mo
8.5%

City: Gainesville

1508 Patricia Drive | Property Details | No Agent List