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$260,943

NAL Estimated Property Value

324 Ritchey St, Gainesville, TX, 76240

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,590 Sq Ft
price_per_sqft$201.26 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Microwave, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Lot Size12,589 sqft

Building Information

Year Built2022
Roof Type105
Garage Spaces1

Land Information

APN3807
Lot Number6
SubdivisionCunningham Addn
Land UseResidential
Legal DescriptionCUNNINGHAM ADDN; BLOCK 1; LOT 6; ACRES .289
Census Tract000600
Assessed Land Value$46,115
Assessed Improvement Value$224,382
Assessment Year2025

About this property

Located near shopping, dinning, and schools. This house comes with beautiful finishes from the ceilings, the flooring, counter tops and space is well distribute, come and see it yourself! Estimated to be completed the end of January to beginning of February.

Investor Tools

Property Icon
$260,943
Estimated Property Value
$241,084Estimated Mortgage Balance
$19,859Estimated Equity
7% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,920 /month
Positive
Cash Flow Estimate:
$640 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$500/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,696
$260,943
2025
$46,115
$224,382
$270,497
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$4,696
$260,943

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The American National Bank Of Texas
Conventional
$256,000
No
First
Mar 20, 2023
Apr 2043

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$241,084
$19,859
7%
92%
$1,535/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
$1,535/mo
$-115/mo
6.5%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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324 Ritchey St | Property Details | No Agent List