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$208,000

900 Ritchey Street, Gainesville, TX, 76240

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,168 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$115.5 / sqft
Year BuiltBuilt in 1948

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Gas Range, Plumbed For Ice Maker
FlooringCarpet, Wood

Exterior

Exterior FeaturesStorage
Lot Size9,500 sqft

Building Information

Year Built1948
Roof Type105
Garage Spaces1

Land Information

APN13853
Lot Number1
SubdivisionWoods
Land UseResidential
Legal DescriptionWOODS; BLOCK 1; LOT 1
Census Tract000600
Assessed Land Value$38,665
Assessed Improvement Value$136,776
Assessment Year2025

About this property

Don't miss this opportunity to own this beautifully updated home, on a corner lot, in the heart of Gainesville. The first thing you'll notice as you walk in the door are the stunning original hardwood floors throughout the home. This spacious kitchen has remarkable granite counter tops, and new stainless steel appliances. Also, all of the windows have been replaced with new double pane, low-e windows. This cozy home is close to shopping, Highway 82, and I35. Don't expect this one to last long.

Investor Tools

Property Icon
$208,000
Estimated Property Value
$0Estimated Mortgage Balance
$87,485Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,248 /month
Positive
Cash Flow Estimate:
$416 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$292/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,467
$175,441
2025
$38,665
$136,776
$175,441
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$2,467
$175,441

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Certainty Home Loans Llc
Fha
$134,027
Yes
First
Feb 11, 2021
Mar 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$120,515
$87,485
42%
58%
$804/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
$804/mo
+$616/mo
8.2%

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.

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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900 Ritchey Street | Property Details | No Agent List