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$375,000

6388 Fm 2071, Gainesville, TX, 76240

$487,500 ARVInfo
Under ContractInfo
Beds3 Beds
Baths2 Bath
Baths1,378 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$272.13 / sqft
Year BuiltBuilt in 1971

Property Lead Type:

Off-Market ListARV FlipAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Electric Water Heater
FlooringLaminate

Exterior

Lot Size3.02 acres

Building Information

Year Built1971
Roof Type105
Garage Spaces2

Land Information

APN14846
SubdivisionTrevino N
Land UseResidential
Legal DescriptionTREVINO N 1021 ACRES 3.02
Census Tract000900
Assessed Land Value$145,766
Assessed Improvement Value$193,527
Assessment Year2025

About this property

Beautiful well maintained property nestled on just over 3 acres with plenty of mature trees! Located just outside of the city limits with all of the amenities of town just minutes away. This 3 bedroom one and a half bath brick home boasts upgraded windows, granite countertops, an updated full bath with tiled shower & tub combo and even has a dedicated space for a wood burning stove! Step outside to a well-manicured lawn with lots of mature shade trees and cross-fenced, making this an ideal space for you to have chickens, goats, sheep or other livestock. This property also offers plenty of space to build a shop or utilize the existing carport which sits on a slab foundation as it could easily be turned into a shop or detached garage. Lake Ray Roberts is just minutes away while Winstar World Casino is 20 minutes to the north. Needing a move in ready property with a few acres to stretch out and have some animals? This is the one you have been waiting for. Call your favorite Realtor today and go take a look!

Investor Tools

Property Icon
$339,293
Estimated Property Value
$290,000Estimated Mortgage Balance
$50,972Estimated Equity
15% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$487,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,250 /month
Positive
Cash Flow Estimate:
$750 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$521/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,553
$339,293
2025
$145,766
$193,527
$339,293
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$4,553
$339,293

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Claude E Fry
Seller Carryback / Seller Financing / Seller Take-Back
$290,000
No
First
Mar 11, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$288,321
$60,679
17%
85%
$1,739/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
$1,739/mo
$-319/mo
5.0%

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.

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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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6388 Fm 2071 | Property Details | No Agent List