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$143,347

NAL Estimated Property Value

316 Ritchey St, Gainesville, TX, 76240

$166,487 ARVInfo
Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,202 Sq Ft
price_per_sqft$116.47 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Gas Range
FlooringCarpet, Laminate

Exterior

Lot Size12,293 sqft

Building Information

Year Built1940
Roof Type105
Garage Spaces2

Land Information

APN2402
Lot Number5
SubdivisionCunningham Addn
Land UseResidential
Legal DescriptionCUNNINGHAM ADDN; BLOCK 1; LOT 5 & N 25' OF 4
Census Tract000600
Assessed Land Value$45,605
Assessed Improvement Value$97,742
Assessment Year2025

About this property

Located in Gainesville, TX, just minutes from I-35, Edison Park, and local dining, this charming home offers three bedrooms and one full bathroom. The inviting covered front porch leads into an open kitchen and dining area with cabinetry extending to the ceiling, providing ample storage and character. A walk-in laundry room adds convenience and functionality. The backyard features a patio and is fully fenced, offering a great space for outdoor enjoyment. This property is well-suited for a first-time homebuyer or as an investment opportunity. Schedule a showing to see all this home has to offer. Discounted rate options and no lender fee future refinancing may be available for qualified buyers of this home.

Investor Tools

Property Icon
$143,347
Estimated Property Value
$39,714Estimated Mortgage Balance
$103,633Estimated Equity
72% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$166,486
Rent-to-Value Ratio: 0.72%
Rent Estimate
$860 /month
Positive
Cash Flow Estimate:
$287 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$286/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,717
$143,347
2025
$45,605
$97,742
$143,347
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$2,717
$143,347

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank
Fha
$49,094
Yes
First
Apr 21, 2017
May 2047

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$39,714
$103,633
72%
28%
$295/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
$295/mo
+$1,125/mo
11.9%

City: Gainesville

316 Ritchey St | Property Details | No Agent List