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$845,900

3380 Fm 902, Gainesville, TX, 76240

$1,099,670 ARVInfo
Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths3,736 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$226.42 / sqft
Year BuiltBuilt in 1998

Property Lead Type:

Off-Market ListDeal ListARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Trash Compactor, Built-In Refrigerator, Dishwasher, Electric Cooktop, Electric Oven, Microwave
FlooringCarpet, Ceramic Tile, Marble, Wood

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size1 acre

Building Information

Year Built1998
Roof Type105
Garage Spaces2

Land Information

APN67817
SubdivisionAtkinson O
Land UseResidential
Legal DescriptionATKINSON O 0010 ACRES 1.0
Census Tract000702
Assessed Land Value$64,513
Assessed Improvement Value$779,086
Assessment Year2025

About this property

One of the prettiest 22-acre ranch in Cooke County located just west of Lake Kiowa and minutes to Gainesville. Beautiful custom 3 bed, 3 bath brick home that sits high and overlooks a large front pasture and picturesque pond. Enjoy the view from the sun room. Approx. 800 sq ft on second floor that is sheet rocked & plumbed for full bath which could be another bedroom or media room. Private entrance off FM 902 with great balance of land & trees. Several flat spots to build your shop or barn if you wish. Rolling hay production in front as you drive to house. House is settled in a grove of oak trees. Storm cellar and storage building.

Investor Tools

Property Icon
$1,050,000
Estimated Property Value
$548,000Estimated Mortgage Balance
$556,278Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$1,099,670
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,300 /month
Positive
Cash Flow Estimate:
$2,100 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,394/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,481
$843,599
2025
$64,513
$779,086
$843,599
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$11,481
$843,599

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First State Bank
Conventional
$548,000
No
First
Mar 24, 2021
Apr 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$493,722
$556,278
52%
47%
$3,286/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
$3,286/mo
$-1,866/mo
1.6%

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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