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$303,103

NAL Estimated Property Value

916 S Rusk St, Gainesville, TX, 76240

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,946 Sq Ft
price_per_sqft$56.47 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Off-Market ListAbsentee OwnerVacant Homes

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Cooktop, Electric Oven
FlooringCeramic Tile, Wood

Exterior

Lot Size10,019 sqft

Building Information

Year Built1955
Roof Type105
Garage Spaces1

Land Information

APN27969
Lot Number6-8
SubdivisionSternberger Addn
Land UseResidential
Legal DescriptionSTERNBERGER ADDN; BLOCK 3; LOT 6-8 S 80'
Census Tract001100
Assessed Land Value$55,175
Assessed Improvement Value$247,928
Assessment Year2025

About this property

INVESTMENT SPECIAL!! PROPERTY SOLD AS IS, NO REPAIRS BEING DONE. CASH or CONVENTIONAL ONLY! Home has newer AC unit and water heater. Home has a significant amount of potential, with spacious living areas and nice kitchen space. Has great curb appeal on a corner lot, and is in the historical district of Gainesville. Great location close to schools and easy access to freeway. Home is vacant, and can close quickly, would be the perfect home for fix and flip or buy and hold! Significant equity opportunity for a owner occupant with sweat equity, but must be a cash, hard money, or conventional purchase because of current condition.

Investor Tools

Property Icon
$303,103
Estimated Property Value
$234,006Estimated Mortgage Balance
$69,097Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,819 /month
Positive
Cash Flow Estimate:
$606 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$533/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,886
$303,103
2025
$55,175
$247,928
$303,103
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$4,886
$303,103

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Town Square Mortgage & Investments Inc
Fha
$255,290
Yes
First
Dec 9, 2021
Jan 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$234,006
$69,097
22%
77%
$1,531/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
$1,531/mo
$-111/mo
5.6%

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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916 S Rusk St | Property Details | No Agent List