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$356,000

653 Fm 902, Gainesville, TX, 76240

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,764 Sq Ft
FarmFarm
price_per_sqft$195.58 / sqft
Year BuiltBuilt in 1985

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Plumbed For Ice Maker, Vented Exhaust Fan, Tankless Water Heater, Electric Water Heater
FlooringCarpet, Wood

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size18.90 acres

Building Information

Year Built1985
Roof Type112
Garage Spaces3

Land Information

APN54480
SubdivisionStroud Fh
Land UseResidential
Legal DescriptionSTROUD FH 0951 ACRES 18.9 DEATH DEED LABEL# RAD0256866 CANCELLED TO REAL SN1 K41031A TITLE # 00947733
Census Tract001100
Assessed Land Value$37,466
Assessed Improvement Value$167,644
Assessment Year2025

About this property

Home situated high on a hill overlooking the countryside with miles of magnificent views. Open living-dining-kitchen arrangement. Big covered front porch to enjoy the views. Three sides of the property are pipe & cable fencing. The detached insulated workshop has a guest apartment with full bathroom & utility & separate electric meter. Large stocked pond approx. 18' deep. 1200 SF horse barn, loafing sheds, Equipment - Hay barn. Perfect for cattle or horse ranch close to town. No Showings til November 7th.

Investor Tools

Property Icon
$356,000
Estimated Property Value
$281,747Estimated Mortgage Balance
$126,341Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,136 /month
Positive
Cash Flow Estimate:
$712 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$382/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,799
$205,110
2025
$37,466
$167,644
$496,974
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$2,799
$205,110

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Christy Agresti
Unknown
$281,747
No
First
Jun 1, 2017
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$229,659
$126,341
35%
65%
$1,690/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
$1,690/mo
$-270/mo
4.8%

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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653 Fm 902 | Property Details | No Agent List