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A+
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$375,000

1887 County Road 121, Gainesville, TX, 76240

$487,500 ARVInfo
Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,404 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$267.09 / sqft
Year BuiltBuilt in 1987

Property Lead Type:

Off-Market ListARV FlipAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Double Oven, Electric Cooktop, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Exterior FeaturesRain Gutters
Lot Size4.74 acres

Building Information

Year Built1987
Roof Type112
Garage Spaces5

Land Information

APN24327
SubdivisionAnderson T
Land UseResidential
Legal DescriptionANDERSON T 1646 ACRES 4.743
Census Tract000100
Assessment Year2025

About this property

Perfect property in a perfect location! 2 bedroom plus 2 bath brick home on 5 treed acres in Callisburg ISD. 2 car brick detached carport with storage. Front and sides of the property have pipe fencing. Part of the 5 acres is heavily treed for privacy. Need to hook up the family's RV? There is an additional septic system, available water and metal RV carport. Enjoy cook outs on the covered patio with built in grill! Newer dishwasher, ovens and cooktop. Laminate and tile flooring with carpet in the bedrooms. Brick fireplace with blower. All electric home. Bonus - ceiling is braced for an upstairs. Make an appointment today! Friendly dog on the property.

Investor Tools

Property Icon
$480,000
Estimated Property Value
$0Estimated Mortgage Balance
$480,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$487,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,880 /month
Positive
Cash Flow Estimate:
$960 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$281/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$970
$406,043
2025
N/A
N/A
$416,857
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$970
$406,043

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$480,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,050/mo
N/A
+$1,050/mo
2.6%

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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1887 County Road 121 | Property Details | No Agent List