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$235,569

NAL Estimated Property Value

2942 Fm 2896, Gainesville, TX, 76240

$306,240 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,680 Sq Ft
Mobile HomesMobile Homes
price_per_sqft$107.08 / sqft
Year BuiltBuilt in 1996

Property Lead Type:

Off-Market ListARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesOther
FlooringCarpet

Exterior

Exterior FeaturesStorage
Lot Size2.32 acres

Building Information

Year Built1996
Roof Type112
Garage Spaces3

Land Information

APN31946
SubdivisionWillis S
Land UseResidential
Legal DescriptionWILLIS S 1102 ACRES 2.32 LABEL# PFS0376987 SN1 SHO1111896A TITLE # 00837893
Census Tract000100
Assessed Land Value$148,013
Assessed Improvement Value$120,494
Assessment Year2025

About this property

Double Wide Mobile Home on 2.31 landscaped acres

Investor Tools

Property Icon
$235,569
Estimated Property Value
$64,932Estimated Mortgage Balance
$170,637Estimated Equity
72% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$306,240
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,413 /month
Positive
Cash Flow Estimate:
$471 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$260/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,943
$235,569
2025
$148,013
$120,494
$268,507
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$1,943
$235,569

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
4u Fcu
Unknown
$65,600
No
First
Oct 24, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$64,932
$170,637
72%
28%
$394/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
$394/mo
+$1,026/mo
7.2%

City: Gainesville

2942 Fm 2896 | Property Details | No Agent List