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$310,000

408 Willow Way, Gainesville, TX, 76240

$346,796 ARVInfo
Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,604 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$119.05 / sqft
Year BuiltBuilt in 1966

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave
FlooringCarpet, Laminate

Exterior

Lot Size10,881 sqft

Building Information

Year Built1966
Roof Type105
Garage Spaces2

Land Information

APN11499
Lot Number5
SubdivisionWheeler Creek Addn
Land UseResidential
Legal DescriptionWHEELER CREEK ADDN; BLOCK 5; LOT 5
Census Tract000600
Assessed Land Value$48,599
Assessed Improvement Value$269,133
Assessment Year2025

About this property

Come see this beautiful property, located in the heart of Gainesville, Tx. This charming 4 bedrooms 3 bathrooms home was recently updated. Has new paint inside and outside, new flooring, new ceiling fans and so much more. The roof was replaced and the foundation repaired in 2022. Survey available.

Investor Tools

Property Icon
$317,732
Estimated Property Value
$266,025Estimated Mortgage Balance
$65,054Estimated Equity
16% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$346,795
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,906 /month
Positive
Cash Flow Estimate:
$635 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$634/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,017
$317,732
2025
$48,599
$269,133
$317,732
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$6,017
$317,732

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Neighborhood Loans
Fha
$266,025
Yes
First
Aug 28, 2023
Sep 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$252,678
$65,054
20%
80%
$1,595/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
$1,595/mo
$-175/mo
5.4%

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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408 Willow Way | Property Details | No Agent List