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B+
NoAgentList RatingHow are grades calculated?Info

$164,000

NAL Estimated Property Value

905 N Howeth Street, Gainesville, TX, 76240

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths888 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$157.55 / sqft
Year BuiltBuilt in 1945

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesGas Oven, Gas Range, Gas Water Heater
FlooringCombination

Exterior

Lot Size8,520 sqft

Building Information

Year Built1945
Roof Type105

Land Information

APN14021
Lot Number6
SubdivisionLee Re
Land UseResidential
Legal DescriptionLEE RE; BLOCK 1; LOT 6
Census Tract000600
Assessed Land Value$34,676
Assessed Improvement Value$81,646
Assessment Year2025

About this property

Amazing investment opportunity! This 2 bedroom home is calling your name! Features an open floor plan with tons of windows to let in the natural light. Kitchen features lots of cabinets for plenty of storage space. Gas stove and oven convey with sale. Large fenced backyard featuring a storage shed, and the driveway features a carport. This older-home has been well cared for and sits in a quiet neighborhood. Foundation repairs completed on North and West sides of property as well as near the front entry. New kitchen cabinets installed as well as kitchen counters and sink. All plumbing underneath house has been replaced. Come take a look!

Investor Tools

Property Icon
$164,000
Estimated Property Value
$92,543Estimated Mortgage Balance
$71,457Estimated Equity
43% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$984 /month
Positive
Cash Flow Estimate:
$328 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$252/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,204
$116,322
2025
$34,676
$81,646
$116,322
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$2,204
$116,322

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Independent Bank
Stand Alone Second / Subordinate Position
$97,930
No
First
May 4, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$92,543
$71,457
43%
56%
$588/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,050/mo
$588/mo
+$462/mo
7.7%

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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905 N Howeth Street | Property Details | No Agent List