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A+
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$433,000

NAL Estimated Property Value

2220 N Clements St, Gainesville, TX, 76240

$562,900 ARVInfo
Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,808 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$165.93 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Electric Range, Refrigerator, Washer
FlooringCarpet, Tile, Vinyl

Exterior

Lot Size1.73 acres

Building Information

Year Built1980
Roof Type105

Land Information

APN22674
Lot Number3
SubdivisionPecan Valley
Land UseResidential
Legal DescriptionPECAN VALLEY; BLOCK 2; LOT 3; ACRES 1.73
Census Tract000600
Assessed Land Value$102,192
Assessed Improvement Value$198,379
Assessment Year2025

About this property

PRICED AT TAX ASSESSOR VALUE! BRING ALL REASONABLE OFFERS! SOLD AS IS! Nestled on a quiet street on almost two acres, this delightful property offers abundant space for outdoor enjoyment and self-sufficient living – imagine raising chickens and reaping the benefits! Inside, a welcoming eat-in kitchen is perfect for family gatherings, complemented by a dining room graced with an elegant chandelier and a nice, large, cozy living room with bookshelves. This cute and roomy home brims with potential and character, awaiting your personal vision. The private primary quarters have their own living room, and the upstairs bedrooms create an ideal mother-in-law suite or a teenager's haven. A substantial 50x26 workshop, complete with electricity, provides extensive space for business pursuits or storage. Additional storage is available in the over-sized 32x25 two-car garage and a 10x10 storage building. Enjoy the convenience of being close to Hwy 35, shops, eateries, and more! Plus, the Winstar Casino in Oklahoma is just a short 12-minute drive away!

Investor Tools

Property Icon
$433,000
Estimated Property Value
$154,079Estimated Mortgage Balance
$278,921Estimated Equity
64% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$562,900
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,598 /month
Positive
Cash Flow Estimate:
$866 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$584/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,843
$300,571
2025
$102,192
$198,379
$300,571
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$4,843
$300,571

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
N/A
Unknown
$172,036
No
First
Dec 31, 2020
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$154,079
$278,921
64%
36%
$1,032/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
$1,032/mo
+$388/mo
3.9%

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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2220 N Clements St | Property Details | No Agent List