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$124,000

NAL Estimated Property Value

820 S Grand Avenue, Gainesville, TX, 76240

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths936 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$106.3 / sqft
Year BuiltBuilt in 1930

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Heating Space/SuspendedHeating Space/Suspended
CoolingCooling
AppliancesElectric Oven, Gas Cooktop
FlooringCarpet, Vinyl

Exterior

Lot Size6,700 sqft

Building Information

Year Built1930
Roof Type105

Land Information

APN16250
Lot Number5
SubdivisionBelmont
Land UseResidential
Legal DescriptionBELMONT; BLOCK 8; LOT 5
Census Tract001100
Assessed Land Value$27,269
Assessed Improvement Value$90,334
Assessment Year2025

About this property

2-1 Home with a Large Back Yard. Currentley being leased out on a Month to Month Lease.

Investor Tools

Property Icon
$124,000
Estimated Property Value
$70,591Estimated Mortgage Balance
$53,409Estimated Equity
43% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$744 /month
Positive
Cash Flow Estimate:
$248 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$235/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,200
$117,603
2025
$27,269
$90,334
$117,603
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$2,200
$117,603

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First State Bank
Stand Alone Second / Subordinate Position
$76,500
No
First
Aug 24, 2021
Sep 2041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$70,591
$53,409
43%
57%
$411/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,050/mo
$411/mo
+$639/mo
10.2%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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820 S Grand Avenue | Property Details | No Agent List