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$157,000

1703 Merrywood Way, Gainesville, TX, 76240

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths890 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$144.94 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerVacant Homes

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1.5Bathrooms Full 1.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
AppliancesDishwasher, Disposal, Electric Range
FlooringOther

Exterior

Lot Size9,405 sqft

Building Information

Year Built1950
Roof Type105
Garage Spaces1

Land Information

APN6078
Lot Number9
SubdivisionJoy Acres
Land UseResidential
Legal DescriptionJOY ACRES; BLOCK 1; LOT 9 LESS THE E 5'
Census Tract001100
Assessed Land Value$48,431
Assessed Improvement Value$73,883
Assessment Year2025

About this property

Bring on the Summer Months In Your Very Own Adorable, 2 Bedroom, 1.5 Bath, with a Wood Burning Fireplace. The Long Drive is ideal for For your Boat or RV, Covered Parking for those Texas Hail Storms, Two Storage Areas, and Huge Fenced Yard for those four legged Fur Babies. This home is Ideal For any first time Home Buyer!!! Stop Renting Today! Located just 10 Minutes from Winstar, 25 minutes to Denton.

Investor Tools

Property Icon
$157,000
Estimated Property Value
$115,994Estimated Mortgage Balance
$0Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$942 /month
Positive
Cash Flow Estimate:
$314 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$259/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,318
$122,314
2025
$48,431
$73,883
$122,314
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$2,318
$122,314

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Independent Bank
Unknown
$115,994
No
First
Sep 15, 2021
Oct 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$211,448
N/A
0%
135%
$1,392/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
$1,392/mo
+$28/mo
10.9%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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1703 Merrywood Way | Property Details | No Agent List