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$155,000

515 S Taylor St, Gainesville, TX, 76240

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,034 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$178.92 / sqft
Year BuiltBuilt in 1930

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
CoolingCooling
AppliancesElectric Range, Microwave
FlooringCeramic Tile, Laminate

Exterior

Exterior FeaturesRain Gutters
Lot Size6,534 sqft

Building Information

Year Built1930
Roof Type106
Garage Spaces2

Land Information

APN18777
Lot Number4S
SubdivisionBelmont
Land UseResidential
Legal DescriptionBELMONT; 2025; BLOCK 1; LOT 4 S PT; 0.1500
Census Tract001100
Assessed Land Value$26,593
Assessed Improvement Value$123,934
Assessment Year2025

About this property

This adorable 2 bedroom 1 bath home is just minutes from downtown Gainesville. It has a new roof and the inside has been remodeled and has tons of upgrades. The large backyard is fully fenced in. For lease as well, MLS#20836317.

Investor Tools

Property Icon
$155,000
Estimated Property Value
$128,800Estimated Mortgage Balance
$36,938Estimated Equity
17% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,110 /month
Positive
Cash Flow Estimate:
$370 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$302/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,853
$150,527
2025
$26,593
$123,934
$150,527
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$2,853
$150,527

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Independence Bank
Conventional
$128,800
No
First
Dec 23, 2021
Jan 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$118,062
$36,938
23%
76%
$773/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,050/mo
$773/mo
+$277/mo
8.1%

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.

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 Taylor St | Property Details | No Agent List