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$233,000

NAL Estimated Property Value

811 Ritchey St, Gainesville, TX, 76240

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,250 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$188 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1.5Bathrooms Full 1.5
Garage AvailableGarage Available
CoolingCooling
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Electric Water Heater, Microwave, Tankless Water Heater
FlooringCarpet, Laminate, Tile

Exterior

Lot Size6,299 sqft

Building Information

Year Built1940
Roof Type105
Garage Spaces2

Land Information

APN20404
Lot Number5
SubdivisionWoodsmith
Land UseResidential
Legal DescriptionWOODSMITH; BLOCK 5; LOT 5
Census Tract000600
Assessed Land Value$25,641
Assessed Improvement Value$63,486
Assessment Year2025

About this property

This vintage home has been brought back to life, has been completely renovated from foundation and up, ensuring a solid foundation and structurally sound walls with foam insulation throughout the house. Modern electrical and plumbing systems providing peace of mind and efficiency. Energy-efficient and stylish roof and windows to enhance the home's overall comfort and curb appeal. Blending its original character with modern finishes and design. With 1250 sqft of living space, this 3-bedroom, 2-bathroom home offers the perfect blend of nostalgic charm and contemporary comfort. Enjoy the open concept layout and all the natural light, and beautiful finishes. This stunning kitchen is equipped with quartz countertops, stainless steel appliances, and custom cabinetry. Each bedroom has ample closet space and plenty of natural light. Two beautifully designed full bathrooms, featuring modern fixtures and finishes. There is plenty of parking space conveniently located in the back of the house. Also has a 10x14 workshop with electricity person to do any work project or use it for storage. This home is conveniently located near shopping, dining, and great schools. Move in Ready!

Investor Tools

Property Icon
$233,000
Estimated Property Value
$230,411Estimated Mortgage Balance
$2,589Estimated Equity
1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,410 /month
Positive
Cash Flow Estimate:
$470 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$256/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,912
$89,127
2025
$25,641
$63,486
$89,127
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$1,912
$89,127

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Unknown
$230,743
No
First
Apr 1, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$230,411
$4,589
1%
99%
$1,384/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,050/mo
$1,384/mo
$-334/mo
5.4%

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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811 Ritchey St | Property Details | No Agent List