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$804,106

NAL Estimated Property Value

40 County Road 123, Gainesville, TX, 76240

Off MarketInfo
Beds8 Beds
Baths8 Bath
Baths7,049 Sq Ft
price_per_sqft$67.37 / sqft
Year BuiltBuilt in 2011

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 8Bedrooms 8
Bathrooms Full 8Bathrooms Full 8
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Gas Range, Microwave, Plumbed For Ice Maker, Water Softener, Tankless Water Heater, Electric Water Heater, Water Heater
FlooringCarpet, Ceramic Tile, Concrete

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Lighting, Storage
Lot Size1 acre

Building Information

Year Built2011
Roof Type105

Land Information

APN84868
SubdivisionBailey Acc
Land UseResidential
Legal DescriptionBAILEY ACC 0044 ACRES 1.0
Census Tract000100
Assessed Land Value$92,000
Assessed Improvement Value$712,106
Assessment Year2025

About this property

Preppers dream -7 large bedrooms each with a bathroom. Propane generator, water tanks, garden beds, mature fruit trees, berries, & perennial vegetables in place. Kitchen has two of everything; a place for stand up freezer and a giant pantry. Blown in insulated for incredible efficiency, 95% efficient wood-burning fireplace with blower, two propane on demand H2O heaters, high efficiency propane HVAC units (separately zoned- heat, cool only the floor you want). One acre on country location outside city limits with privacy fencing. Detached guesthouse could be rental.

Investor Tools

Property Icon
$804,106
Estimated Property Value
$310,142Estimated Mortgage Balance
$493,964Estimated Equity
61% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,825 /month
Positive
Cash Flow Estimate:
$1,608 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$969/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,606
$804,106
2025
$92,000
$712,106
$804,106
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$7,606
$804,106

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cmg Mortgage Inc
Fha
$342,897
Yes
First
May 10, 2021
Jun 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$310,142
$493,964
61%
39%
$2,056/mo

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.

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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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40 County Road 123 | Property Details | No Agent List