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B+
NoAgentList RatingHow are grades calculated? Info

$220,000

1816 Mill Street, Gainesville, TX, 76240

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,472 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$169.5 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1.5Bathrooms Full 1.5
CoolingCooling
AppliancesElectric Cooktop, Electric Oven, Microwave, Refrigerator
FlooringCarpet, Tile

Exterior

Lot Size8,398 sqft

Building Information

Year Built1950
Roof Type105

Land Information

APN3011
Lot Number9
SubdivisionBerend
Land UseResidential
Legal DescriptionBEREND; BLOCK 9; LOT 9; ACRES .1928
Census Tract000500
Assessed Land Value$30,828
Assessed Improvement Value$221,755
Assessment Year2025

About this property

This fully remodeled house has stainless steel appliances and a bonus refrigerator. The Superb kitchen with Quartz countertop has a new Stove and microwave, and lots of room to perform culinary masterworks. It has a front and backyard covered porch(s) and will be great for get-togethers and BBQs. An open floorplan is pleasing to the eye and easy to move around. This is a high-efficiency home with foam insulation, new electrical and plumbing, and a new HVAC (under warranty). The foundation is under warranty. It is near to every convenience available in Gainesville. This property will go FAST, so view it now!

Investor Tools

Property Icon
$220,000
Estimated Property Value
$0Estimated Mortgage Balance
$56,856Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,497 /month
Positive
Cash Flow Estimate:
$499 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$179/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,048
$194,908
2025
$30,828
$221,755
$252,583
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$1,048
$194,908

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Va
$164,335
Yes
First
Dec 30, 2025
Feb 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$163,144
$56,856
25%
74%
$986/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,050/mo
$986/mo
+$64/mo
5.7%

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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1816 Mill Street | Property Details | No Agent List