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$188,000

NAL Estimated Property Value

905 Kent Drive, Gainesville, TX, 76240

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths967 Sq Ft
price_per_sqft$185.11 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Oven

Exterior

Lot Size11,169 sqft

Building Information

Year Built1978
Roof Type105
Garage Spaces1

Land Information

APN19588
Lot Number18
SubdivisionSouthpark Addn
Land UseResidential
Legal DescriptionSOUTHPARK ADDN; LOT 18
Census Tract001100
Assessed Land Value$45,713
Assessed Improvement Value$137,593
Assessment Year2025

About this property

Charming 2-bedroom, 1-bath house located at 905 Kent Dr, Gainesville, TX 76240. This cozy home features a convenient 1-car attached garage and is currently occupied by a tenant who would love to stay. The property boasts a fenced backyard, perfect for outdoor activities and privacy. This is an excellent opportunity for a first-time homebuyer or a savvy investor looking to add to their portfolio. Additionally, the property is conveniently situated close to major thoroughfares such as 35W, providing easy access for commuting and travel. Enjoy the nearby recreational opportunities at Lake Kiowa, perfect for boating, fishing, and outdoor fun. North Central Texas College is also within close proximity, making this location ideal for students and staff alike. Looking for your first home or seeking a reliable investment property with a tenant already in place, it presents a hassle-free investment option with immediate rental income potential.

Investor Tools

Property Icon
$188,000
Estimated Property Value
$341,058Estimated Mortgage Balance
$188,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,128 /month
Positive
Cash Flow Estimate:
$376 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$296/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,615
$183,306
2025
$45,713
$137,593
$183,306
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$2,615
$183,306

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Freedom Mortgage Corp
Unknown
$175,757
No
First
Sep 25, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$341,058
N/A
0%
181%
$2,108/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,050/mo
$2,108/mo
$-1,058/mo
6.7%

City: Gainesville

905 Kent Drive | Property Details | No Agent List