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$318,779

NAL Estimated Property Value

1721 Morningside Dr, Gainesville, TX, 76240

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,163 Sq Ft
price_per_sqft$133.61 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

BankruptcyAuctionPre-ForeclosureOff-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Water Heater
FlooringCarpet, Ceramic Tile, Parquet

Exterior

Exterior FeaturesStorage
Lot Size10,350 sqft

Building Information

Year Built1950
Roof Type105
Garage Spaces1

Land Information

APN4591
Lot Number19
SubdivisionJoy Acres
Land UseResidential
Legal DescriptionJOY ACRES; BLOCK 7; LOT 19
Census Tract001100
Assessed Land Value$52,682
Assessed Improvement Value$266,097
Assessment Year2025

About this property

Don’t pass this one of a kind house up! Situated on a quarter of an acre, this darling home is sure to go quick! This home features 3 bedrooms and 3 full bathrooms, over 2,000 square feet, new indoor & outdoor paint and carpet in 2020, lots of cupboards for storage, stained glass skylights, two living spaces, updated HVAC system, all new sewer line plumbing, new stainless steel garbage disposal, original parquet floors, wood burning fireplace, great outdoor patio with lots of shade, steel enforced privacy fence and a quiet street. This would be a great buy for a family!

Investor Tools

Property Icon
$318,779
Estimated Property Value
$249,787Estimated Mortgage Balance
$68,992Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,913 /month
Positive
Cash Flow Estimate:
$638 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$565/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,183
$318,779
2025
$52,682
$266,097
$318,779
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$5,183
$318,779

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mid-American Mortgage Inc
Conventional
$270,000
No
First
May 2, 2022
Jun 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$249,787
$68,992
21%
78%
$1,619/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
$1,619/mo
$-199/mo
5.3%

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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1721 Morningside Dr | Property Details | No Agent List