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$160,000

NAL Estimated Property Value

606 Hannah St, Gainesville, TX, 76240

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths740 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$236.35 / sqft
Year BuiltBuilt in 1930

Property Lead Type:

Absentee OwnerVacant Homes

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
CoolingCooling
AppliancesDisposal, Electric Cooktop, Electric Oven, Electric Water Heater

Exterior

Lot Size8,002 sqft

Building Information

Year Built1930
Roof Type106

Land Information

APN2214
Lot Number13,14
SubdivisionMontgomery Addn
Land UseResidential
Legal DescriptionMONTGOMERY ADDN; BLOCK 6; LOT 13 & 14
Census Tract000400
Assessed Land Value$35,920
Assessed Improvement Value$20,539
Assessment Year2025

About this property

Own an authentic piece of history with this beautifully 2bed 1 1.5 bath Home in Cooke County. Built in 1930 Strong Bones! But Facelift in 2025 this rare find comes with modern updates to plumbing, electrical and more without stripping away the charm and strength of original wood authenticity. The welcoming front porch for the perfect spot for morning coffee or evening relaxation. There is ample green space for gardening and keeping animals, and room to provide storage a possibility, A charming Affordable Home or Business for rental with the location of it Perfect for Airbnb in prime location of only 10 minutes from Winstar!! Huge lot, and easy access to I-35 behind Cavender's work boots to the south Come see for yourself beautiful place and location call home.. Call today Own tomorrow.

Investor Tools

Property Icon
$160,000
Estimated Property Value
$158,184Estimated Mortgage Balance
$1,816Estimated Equity
1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,049 /month
Positive
Cash Flow Estimate:
$350 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$123/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$46,435
2025
$35,920
$20,539
$56,459
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$46,435

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Equity Smart Home Loans Inc
Conventional
$160,050
No
First
Sep 26, 2025
Oct 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$158,184
$1,816
1%
99%
$960/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,050/mo
$960/mo
+$90/mo
7.9%

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.

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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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606 Hannah St | Property Details | No Agent List