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$166,000

NAL Estimated Property Value

313 Cunningham Street, Gainesville, TX, 76240

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths972 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$131.69 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1.5Bathrooms Full 1.5
Garage AvailableGarage Available
Heating CentralHeating Central
AppliancesGas Range
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Exterior FeaturesStorage
Lot Size7,000 sqft

Building Information

Year Built1940
Roof Type105
Garage Spaces1

Land Information

APN19789
Lot Number8
SubdivisionCunningham Addn
Land UseResidential
Legal DescriptionCUNNINGHAM ADDN; BLOCK 2; LOT 8
Census Tract000600
Assessed Land Value$28,490
Assessed Improvement Value$91,667
Assessment Year2025

About this property

Cute frame home close to grocery store and conveniences. Bathroom has been remodeled with tile bath surround and floor. Large kitchen lots of cabinets and room for a island or breakfast table. Separate dining room. Large fenced backyard with a metal storage building. Buyer and Buyer's Agent to verify any and all information provided by Seller and Seller's Agent.

Investor Tools

Property Icon
$166,000
Estimated Property Value
$95,123Estimated Mortgage Balance
$70,877Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$996 /month
Positive
Cash Flow Estimate:
$332 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$259/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,277
$120,157
2025
$28,490
$91,667
$120,157
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$2,277
$120,157

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First State Bank
Conventional
$97,125
No
First
Mar 28, 2025
Apr 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$95,123
$70,877
42%
57%
$583/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,050/mo
$583/mo
+$467/mo
7.6%

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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313 Cunningham Street | Property Details | No Agent List