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$126,000

NAL Estimated Property Value

737 Ritchey Street, Gainesville, TX, 76240

$127,279 ARVInfo
Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths972 Sq Ft
price_per_sqft$133.64 / sqft
Year BuiltBuilt in 1958

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1.5Bathrooms Full 1.5
Garage AvailableGarage Available
CoolingCooling
AppliancesGas Cooktop, Gas Oven, Gas Water Heater
FlooringLaminate

Exterior

Exterior FeaturesOther
Lot Size6,199 sqft

Building Information

Year Built1958
Roof Type105
Garage Spaces2

Land Information

APN19251
Lot Number13
SubdivisionWoodsmith
Land UseResidential
Legal DescriptionWOODSMITH; BLOCK 4; LOT 13; LIFE EST JESSE LYN MCADEN & SHIRLEY ANN
Census Tract000600
Assessed Land Value$25,234
Assessed Improvement Value$110,268
Assessment Year2025

About this property

Unique floor plan with lots of storage rooms! The back porch is enclosed in and could be used as an office, bedroom or den. The laundry room is in the bathroom. Second structure on property features garage, 3 large storage rooms, a half bath and 2 car carport garage! In the garage, it is fully wired. This structure has many possibilities! There is also a nice underground storm cellar that is located by the patio!

Investor Tools

Property Icon
$126,000
Estimated Property Value
$119,909Estimated Mortgage Balance
$6,091Estimated Equity
4% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$127,279
Rent-to-Value Ratio: 0.72%
Rent Estimate
$779 /month
Positive
Cash Flow Estimate:
$260 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$101/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$582
$107,035
2025
$25,234
$110,268
$135,502
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$582
$107,035

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Link
Conventional
$125,400
No
First
Dec 11, 2023
Jan 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$119,909
$6,091
4%
95%
$752/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,050/mo
$752/mo
+$298/mo
10.0%

City: Gainesville

737 Ritchey Street | Property Details | No Agent List