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$249,000

5955 Fm 678, Gainesville, TX, 76240

$323,700 ARVInfo
On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,222 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$203.76 / sqft
Year BuiltBuilt in 1971

Property Lead Type:

Off-Market ListMust-SellARV FlipAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Dryer, Electric Range, Electric Water Heater, Microwave, Washer
FlooringCarpet, Laminate

Exterior

Exterior FeaturesFire Pit
Lot Size15,246 sqft

Building Information

Year Built1971
Roof Type105
Garage Spaces1

Land Information

APN2558
SubdivisionHamilton J
Land UseResidential
Legal DescriptionHAMILTON J 0491 ACRES .35
Census Tract000100
Assessed Land Value$51,798
Assessed Improvement Value$158,604
Assessment Year2025

About this property

This beautiful property is move in ready and offers a ton of features at an incredible price point including a newer roof and HVAC system as well as upgraded windows, granite countertops, carpet in the bedrooms and an upgraded electrical panel. This well maintained home provides 3 bedrooms with one and a half baths, a separate laundry-mud room, and also has an additional room that can be used as an office, flex space, or even a 4th bedroom. Step outside and enjoy peace and tranquility under a covered back patio overlooking the massive backyard that comes equipped with your very own shop that can be used as a garage, work out space, workshop, man cave or she shed- the possibilities are endless. Located in the highly desirable Callisburg ISD, the elementary school is less than a mile down the road with the school bus picking up and dropping off at the end of the driveway. Sitting on over a third of an acre with plenty of space and a dedicated shop, this is the one you've been waiting for. Call your favorite Realtor today and make this one yours.

Investor Tools

Property Icon
$290,000
Estimated Property Value
$152,500Estimated Mortgage Balance
$152,875Estimated Equity
47% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$323,700
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,740 /month
Positive
Cash Flow Estimate:
$580 /month

Interested in this property?

Richard Montgomery

Fathom Realty, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$245/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,496
$196,633
2025
$51,798
$158,604
$210,402
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$1,496
$196,633

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Conventional
$152,500
No
First
Apr 13, 2021
May 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$137,125
$152,875
52%
47%
$915/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
$915/mo
+$505/mo
5.9%

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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5955 Fm 678 | Property Details | No Agent List