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$232,500

2007 Cypress Drive, Gainesville, TX, 76240

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,518 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$153.16 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Refrigerator, Washer
FlooringCarpet, Laminate

Exterior

Exterior FeaturesDog Run, Rain Gutters, Lighting
Lot Size10,799 sqft

Building Information

Year Built1960
Roof Type105
Garage Spaces2

Land Information

APN15837
Lot Number4
SubdivisionWheeler Creek Addn
Land UseResidential
Legal DescriptionWHEELER CREEK ADDN; BLOCK 7; LOT 4
Census Tract000600
Assessed Land Value$48,362
Assessed Improvement Value$212,063
Assessment Year2025

About this property

HIGHEST AND BEST BY 12 NOON ON SATURDAY. Welcome to your new home! Owner has made a lot of quality improvements to this 3 bedroom 2 bath brick in the last 3 years. Kitchen has been updated with appliances, paint and counters, bathroom showers installed, sprinkler system added, gutters with leaf guard, a drainage system installed, plus a cover for the patio all completed for your comfort and pleasure. H&A is 3 years old, roof is new, 20x12 workshop with electricity and cable plus a storage building. Beautiful back yard has a privacy fence in addition to the chain link fence for a dog run.

Investor Tools

Property Icon
$260,425
Estimated Property Value
$0Estimated Mortgage Balance
$81,511Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,563 /month
Positive
Cash Flow Estimate:
$521 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$432/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,886
$260,425
2025
$48,362
$212,063
$260,425
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$3,886
$260,425

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Commercial
$192,000
No
First
Sep 16, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$178,914
$81,511
31%
69%
$1,152/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
$1,152/mo
+$268/mo
6.5%

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.

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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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2007 Cypress Drive | Property Details | No Agent List