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B+
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Days11Days on Market
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$185,000

$195,000

703 Walter Rd, Gainesville, TX, 76240

On MarketInfo
Just AddedInfo
Price DropInfo
Beds3 Beds
Baths2 Bath
Baths1,330 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$139.1 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Must-SellAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1.5Bathrooms Full 1.5
Bathrooms Half 0.5Bathrooms Half 0.5
Garage AvailableGarage Available
Heating CentralHeating Central
AppliancesElectric Oven, Electric Range, Gas Water Heater, Refrigerator
FlooringHardwood, Vinyl

Exterior

Lot Size9,344 sqft

Building Information

Year Built1940
Roof Type105
Garage Spaces1

Land Information

APN11315
Lot Number12
SubdivisionLynch Addn
Land UseResidential
Legal DescriptionLYNCH ADDN; BLOCK 1; LOT 12
Census Tract000500
Assessed Land Value$34,296
Assessed Improvement Value$88,249
Assessment Year2025

About this property

This well-maintained property has undergone extensive improvements over the past two years, including updated plumbing throughout the home and beneath the foundation for added peace of mind. Inside, you'll find fresh paint and updated flooring throughout, creating a bright and inviting atmosphere. The kitchen is equipped with updated appliances, while both bathrooms have been beautifully remodeled with contemporary finishes. Updated lighting and ceiling fans add to the home's refreshed appeal. With major improvements already completed, this home offers the perfect combination of comfort, style, and functionality. Conveniently located with easy access to local amenities, shopping, dining, and schools.

Investor Tools

Property Icon
$174,000
Estimated Property Value
$0Estimated Mortgage Balance
$174,000Estimated Equity
100% 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
$266/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,322
$122,545
2025
$34,296
$88,249
$122,545
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$2,322
$122,545

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$174,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
N/A
+$1,420/mo
9.8%

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.

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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703 Walter Rd | Property Details | No Agent List