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$231,000

NAL Estimated Property Value

506 Davis Street, Gainesville, TX, 76240

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths944 Sq Ft
price_per_sqft$211.86 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave

Exterior

Lot Size5,101 sqft

Building Information

Year Built1940
Roof Type105

Land Information

APN13849
Lot Number1
SubdivisionLindsay Addn
Land UseResidential
Legal DescriptionLINDSAY ADDN; BLOCK 36; LOT 1 PT OF; ACRES .1171
Census Tract001100
Assessed Land Value$14,051
Assessed Improvement Value$104,615
Assessment Year2025

About this property

Nestled in the heart of charming Gainesville, Texas, this fully renovated 3-bedroom, 2-bathroom home offers the perfect blend of modern elegance and small-town living. Just minutes from the downtown district and conveniently located off I-35, this property presents an ideal opportunity to relish the tranquil beauty of a tight-knit community while remaining well-connected to major amenities. With a bright, open interior showcasing contemporary finishes and a chef-inspired kitchen, this home is a true masterpiece. Enjoy the convenience of living within close proximity to local shops and restaurants, making it the perfect retreat for those seeking a comfortable, stylish, and connected lifestyle in this beloved Texan small town.

Investor Tools

Property Icon
$231,000
Estimated Property Value
$175,571Estimated Mortgage Balance
$55,429Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,386 /month
Positive
Cash Flow Estimate:
$462 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$212/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,391
$118,666
2025
$14,051
$104,615
$118,666
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$1,391
$118,666

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Fha
$183,612
Yes
First
Dec 22, 2023
Jan 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$175,571
$55,429
23%
76%
$1,101/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
$1,101/mo
+$319/mo
7.4%

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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506 Davis Street | Property Details | No Agent List