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$129,068

1619 Elizabeth Street, Gainesville, TX, 76240

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths872 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$143.35 / sqft
Year BuiltBuilt in 1945

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesGas Oven
FlooringCarpet, Linoleum

Exterior

Lot Size9,017 sqft

Building Information

Year Built1945
Roof Type106
Garage Spaces1

Land Information

APN20608
Lot Number5
SubdivisionHoweth
Land UseResidential
Legal DescriptionHOWETH; LOT 5; ACRES .207
Census Tract000600
Assessed Land Value$36,699
Assessed Improvement Value$92,369
Assessment Year2025

About this property

Cute 2 bedroom on a corner lot at an affordable price with great curb appeal! Would make an excellent starter home or investment opportunity. Bring your ideas and shine this beauty up! Downtown Gainesville is just minutes away where you can enjoy some local shopping and restaurants or hit up the food trucks and Krootz Brewery at the Farmer's Market! Winstar World Casino is approx 15 minutes away if you're feeling lucky!

Investor Tools

Property Icon
$129,068
Estimated Property Value
$0Estimated Mortgage Balance
$29,182Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$774 /month
Positive
Cash Flow Estimate:
$258 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$181/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,522
$129,068
2025
$36,699
$92,369
$129,068
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$1,522
$129,068

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Financial Services Llc
Conventional
$106,250
No
First
Feb 10, 2023
Mar 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$99,886
$29,182
22%
77%
$638/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,050/mo
$638/mo
+$412/mo
9.8%

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.

Explore Texas Explore This Area
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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1619 Elizabeth Street | Property Details | No Agent List