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$230,000

515 S Dixon Street, Gainesville, TX, 76240

$271,009 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,240 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$102.68 / sqft
Year BuiltBuilt in 1967

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Plumbed For Ice Maker, Electric Water Heater
FlooringCarpet, Vinyl, Wood

Exterior

Lot Size20,600 sqft

Building Information

Year Built1965
Roof Type105
Garage Spaces2

Land Information

APN18419
SubdivisionPeery 2nd Addn
Land UseResidential
Legal DescriptionPEERY 2ND ADDN; BLOCK 5; TR 4
Census Tract001100
Assessed Land Value$74,770
Assessed Improvement Value$228,421
Assessment Year2025

About this property

Great curb appeal in this Adorable older home with so much charm! Features large rooms, formal living area, wood floors and cozy fireplace. Situated on a large shaded manicured lawn.

Investor Tools

Property Icon
$299,302
Estimated Property Value
$0Estimated Mortgage Balance
$106,221Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$271,009
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,796 /month
Positive
Cash Flow Estimate:
$599 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$554/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,156
$299,302
2025
$74,770
$228,421
$303,191
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$5,156
$299,302

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Fha
$216,015
Yes
First
Nov 2, 2020
Dec 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$193,081
$106,221
35%
65%
$1,296/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
$1,296/mo
+$124/mo
5.7%

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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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515 S Dixon Street | Property Details | No Agent List