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$139,900

500 Gibson St, Winnsboro, TX, 75494

On MarketInfo
Beds2 Beds
Baths1 Bath
Baths912 Sq Ft
price_per_sqft$153.4 / sqft
Year BuiltBuilt in 1935

Property Lead Type:

Must-SellDeal ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
AppliancesGas Range, Dishwasher, Gas Oven
FlooringLaminate

Exterior

Lot Size8,503 sqft

Building Information

Year Built1900

Land Information

APN40188
Land UseResidential
Legal DescriptionLOT PT 3A,PT 3B BLK Y-1 .1952 CITY OF WINNSBORO
Census Tract950200
Assessed Land Value$4,250
Assessed Improvement Value$164,010
Assessment Year2025

About this property

Great home or investment property. This completely updated and renovated property is currently used as a rental property - and has a waiting list. New roof, new flooring, new kitchen cabinets, and foundation work all done in 2023. This property sits on a quiet road without through traffic which makes this neighborhood a great place for an evening stroll or to take your furry friends to play at Walker Park. The updates, new roof, and new heating/ac mini-split units, and new hot water heater make it the perfect move-in ready personal residence or investment property. Another plus? The perfect price and perfect location. This home is within walking distance to the shops and restaurants in the vibrant downtown area of Winnsboro. Winnsboro is a quiet community located approximately 2 hours from the DFW area and close to many area lakes including Lake Winnsboro, Lake Cypress Spring, Lake Bob Sandlin, and Lake Fork.

Investor Tools

$100,068Estimated Mortgage Balance
$82,606Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,092 /month
Positive
Cash Flow Estimate:
$364 /month

Interested in this property?

Deborah May

Clements, REALTORS®

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$237/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,940
$95,789
2025
$4,250
$164,010
$168,260
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,940
$95,789

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Deephaven Mortgage Llc
Conventional
$105,000
No
First
Sep 27, 2023
Oct 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$100,068
$68,932
40%
55%
$630/mo

City: Winnsboro

500 Gibson St | Property Details | No Agent List