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$174,900

420 Cunningham St, Gainesville, TX, 76240

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths768 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$227.73 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
CoolingCooling
AppliancesDishwasher, Gas Range, Microwave, Refrigerator
FlooringVinyl

Exterior

Lot Size7,000 sqft

Building Information

Year Built1940
Roof Type106

Land Information

APN1160
Lot Number2
SubdivisionRobertson Addn #2
Land UseResidential
Legal DescriptionROBERTSON ADDN #2; 2710; BLOCK 4; LOT 2
Census Tract000600
Assessed Land Value$28,490
Assessed Improvement Value$67,916
Assessment Year2025

About this property

Welcome to this beautifully remodeled 1940s gem in the heart of Gainesville, TX. This charming home, featuring 2 bedrooms and 1 bathroom, has been thoughtfully updated to offer modern comfort while preserving its timeless character. Every detail has been carefully considered, with a full renovation that includes new plumbing, hot water heater, and electrical systems and updated HVAC for peace of mind. Step inside to discover brand-new flooring throughout, a fresh coat of paint, and stylish, soft-close cabinets and drawers. The bright and open layout is enhanced by updated lighting fixtures, custom trim, and energy-efficient insulation. The kitchen is outfitted with brand-new, high-quality appliances, ensuring both function and style. Refrigerator conveys with buyer! The home boasts an updated roof and durable LP Smart siding, offering lasting protection and curb appeal. Enjoy the spacious, private backyard, perfect for outdoor gatherings or relaxing in the fresh air. With all the major systems and finishes brand new, this home offers worry-free living in a prime location. Don't miss the opportunity to own this fully renovated beauty—schedule your tour today!

Investor Tools

Property Icon
$162,000
Estimated Property Value
$166,920Estimated Mortgage Balance
$0Estimated Equity
-3% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,049 /month
Positive
Cash Flow Estimate:
$350 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$184/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,403
$88,852
2025
$28,490
$67,916
$96,406
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$1,403
$88,852

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Plains Commerce Bank
Fha
$166,920
Yes
First
Feb 18, 2025
Mar 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$326,456
N/A
0%
202%
$2,002/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,050/mo
$2,002/mo
$-952/mo
7.8%

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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420 Cunningham St | Property Details | No Agent List