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$626,000

NAL Estimated Property Value

199 Brenda Lane, Gainesville, TX, 76240

$688,788 ARVInfo
Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,791 Sq Ft
price_per_sqft$179.11 / sqft
Year BuiltBuilt in 1989

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Electric Water Heater, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesFire Pit, Lighting, RV Hookup, Storage
Lot Size1.49 acres

Building Information

Year Built1989
Roof Type105
Garage Spaces11

Land Information

APN55125
SubdivisionWalker H
Land UseResidential
Legal DescriptionWALKER H 1082 ACRES 1.49
Census Tract000702
Assessed Land Value$125,598
Assessed Improvement Value$426,076
Assessment Year2025

About this property

Outdoor Sports Enthusiast's Dream! Full Size RV Garage, 4 car garage bays and huge workshop space. Amazing opportunity for country living just miles from town and Lake Kiowa. Tons of updates including new wood plank tile in the huge living area with wood burning stove, fresh paint throughout, updated granite counters, huge butcher block island, stainless steel appliances, lighting has been updated, popcorn scraped, new carpet in bedrooms, new doors, ceiling fans, new cabinet and counter in half bath and much more. The kitchen is open to the familyroom with great view of the heavily treed backyard and patio areas. There is a full size RV garage with rollup door adjacent to the 3rd and 4th garage bays, workshop area with an office. There's also a storage shed and a 3 sided metal building that could be enclosed. There's an additional RV parking spot with a 50 amp hookup and water line. These just don't come along very often and definitely won't last long. Don't miss the opportunity!

Investor Tools

Property Icon
$626,000
Estimated Property Value
$324,578Estimated Mortgage Balance
$301,422Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$688,787
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,756 /month
Positive
Cash Flow Estimate:
$1,252 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$778/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,202
$551,674
2025
$125,598
$426,076
$551,674
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$6,202
$551,674

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Key Bank Na
Conventional
$150,000
No
First
Dec 29, 2022
Jan 2038

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$324,578
$301,422
48%
52%
$2,040/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
$2,040/mo
$-620/mo
2.7%

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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199 Brenda Lane | Property Details | No Agent List