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$129,000

NAL Estimated Property Value

402 Gay Ave, Palestine, TX, 75801

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,106 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$112.93 / sqft
Year BuiltBuilt in 1900

Property Lead Type:

Off-Market ListAbsentee OwnerVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
AppliancesElectric Water Heater

Exterior

Lot Size10,402 sqft

Building Information

Year Built1900

Land Information

APN31747
SubdivisionJowers Heights
Land UseResidential
Legal DescriptionJOWERS HEIGHTS BLOCK E LOT 1A & 2A
Census Tract950800
Assessed Land Value$6,760
Assessed Improvement Value$84,035
Assessment Year2025

About this property

Fully renovated, affordable, and beautiful! This cute 2/1 home is ready for it's new owner to fill it with friends, family, laughter, and memories. Outside the home, you will enjoy mature trees, including a gorgeous magnolia. There is a small garage that would make a great storage building or workshop. As you venture inside, you'll notice a modern look, with light and airy finishes. The vinyl plank flooring throughout provides durability, low maintenance, and a warm look and feel for the spaces. The open kitchen, fully equipped with a suite of new appliances, provides abundant space and makes a convenient venue for preparing unforgettable meals. You'll thoroughly enjoy the flexibility that the open living area provides, and you will appreciate how spacious the floor plan makes the home look and feel. This is the perfect home for a first-time buyer, or an investor looking for an easy turn-key rental. Come see it, and make it yours!

Investor Tools

Property Icon
$129,000
Estimated Property Value
$81,263Estimated Mortgage Balance
$47,737Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$774 /month
Positive
Cash Flow Estimate:
$258 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$220/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,989
$90,795
2025
$6,760
$84,035
$90,795
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,989
$90,795

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rflf 4 Llc
Open End Mortgage / Open End With Future Advance Clause
$82,221
No
First
Sep 18, 2025
Oct 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$81,263
$47,737
37%
63%
$493/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: Palestine

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402 Gay Ave | Property Details | No Agent List