B+

NoAgentList RatingHow are grades calculated?

1view

Owner Contacts

$675,000

7115 Fm 2071, Gainesville, TX, 76240

Off Market

4 Beds

3 Bath

2,312 Sq Ft

Single Family Residence

$291.96 / sqft

Built in 2007

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4

Bathrooms Full 3

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Gas Oven, Gas Range, Microwave, Warming Drawer

FlooringConcrete, Painted/Stained

Exterior

Private Pool

Exterior FeaturesFire Pit

Lot Size1 acre

Building Information

Year Built2006

Roof Type105

Garage Spaces2

Land Information

APN19301

SubdivisionMorris Jq

Land UseResidential

Legal DescriptionMORRIS JQ 0682 ACRES 1.0

Census Tract000900

Assessed Land Value$55,500

Assessed Improvement Value$433,279

Assessment Year2025

About this property

*MULTIPLE OFFERS RECEIVED. Best and highest due Wednesday July 6 at 5 PM*. Welcome to peaceful country living on this beautiful 10 acre property! The freshly painted custom home sits on 1 acre back near the ponds and trees, and 9 acres are enclosed with pipe and cable fence and electric gate. Gorgeous stained concrete floors flow through the home to the 4 bedrooms and 3 full baths. Custom built-in desk nooks in the bedrooms give each space plenty of storage. Lovely kitchen and eat-in area has a butcher block top island and a nice view of the pool, trees, and ponds. Second living area can be used as formal dining. Lots of added storage in the hangar-boat house, 1500sf workshop and 280sf climate controlled studio (man cave-game-craft room). The large covered back porch is perfect for entertaining, or having a quiet country evening watching the sunset and the ducks playing in the 2 back ponds. 2-car garage has 400sf undeveloped bonus area above.

Investor Tools

$600,000

Estimated Property Value

$544,000Estimated Mortgage Balance

$93,985Estimated Equity

9% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$4,050 /month

Positive

Cash Flow Estimate:

$1,350 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$732/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$5,786

$488,779

2025

$55,500

$433,279

$488,779

Yes (2024)

Tax History

Year

Tax Paid

Assessed Value

2024

$5,786

$488,779

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Ocmbc Inc

Conventional

$544,000

First

Aug 26, 2022

Sep 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$506,015

$93,985

15%

84%

$3,262/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,753/mo

$3,262/mo

$-1,509/mo

3.5%

Learn About the Market: Opportunity in Texas

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 This Area