Last 24 Hours
$285,000
NAL Estimated Property Value802 S Clements Street, Gainesville, TX, 76240
Off Market
3 Beds
2 Bath
2,538 Sq Ft
$50.83 / sqft
Built in 1940Property Lead Type:
Off-Market ListAbsentee OwnerHigh Equity
Highlights
Interior
Bedrooms 3
Bathrooms Full 2
Garage Available
Heating CentralAppliancesDishwasher, Refrigerator
FlooringCarpet, Laminate
Exterior
Exterior FeaturesStorage
Lot Size16,853 sqft
Building Information
Year Built1940
Roof Type105
Garage Spaces2
Land Information
APN22384
Lot Number1
SubdivisionClements Ii
Land UseResidential
Legal DescriptionCLEMENTS II; BLOCK B; LOT 1 & W 1/2 OF ALLEY; ACRES .3869
Census Tract001100
Assessed Land Value$50,120
Assessed Improvement Value$224,639
Assessment Year2025
About this property
Income producing! Main house is 3 bed 2 bath with formal dining, 1 car garage with storage building and a large backyard. . Second home is 2bed 1 bath. There is also a large shop with electric. Must see to appreciate!
Investor Tools
$285,000
Estimated Property Value
$205,006Estimated Mortgage Balance
$79,994Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,710 /month
Positive
Cash Flow Estimate:
$570 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$553/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,206
$274,759
2025
$50,120
$224,639
$274,759
Yes (2024)
Tax History
Year
Tax Paid
Assessed Value
2024
$5,206
$274,759
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Spap Llc
Purchase Money Mortgage
$220,000
No
First
Sep 21, 2022
Oct 2042
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$205,006
$79,994
28%
72%
$1,320/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
$1,320/mo
+$100/mo
6.0%
12.4%