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$152,500

$160,000

920 Hancock St, Gainesville, TX, 76240

On MarketInfo
Price DropInfo
Beds2 Beds
Baths1 Bath
Baths1,075 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$141.86 / sqft
Year BuiltBuilt in 1937

Property Lead Type:

Must-SellAbsentee OwnerHigh EquityVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1.5Bathrooms Full 1.5
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave
FlooringVinyl

Exterior

Lot Size8,899 sqft

Building Information

Year Built1937
Roof Type105
Garage Spaces1

Land Information

APN7381
Lot Number9-12
SubdivisionMontgomery Addn
Land UseResidential
Legal DescriptionMONTGOMERY ADDN; BLOCK 18; LOT 9-12 N89'; ACRES .2043
Census Tract000400
Assessed Land Value$39,961
Assessed Improvement Value$138,974
Assessment Year2025

About this property

Fantastic investment opportunity in booming north Texas - BELOW MARKET VALUE - perfect for investors seeking immediate cash flow! This beautifully renovated 2-bedroom, 1-bath home with a 1-car garage, is tenant-occupied at $1,299 per month through May 2027, making this a turnkey addition to your rental portfolio! Step inside to find a thoughtfully updated home featuring durable vinyl plank wood-like flooring throughout, complemented by faux wood blinds and updated finishes that create a clean, modern look. The renovated kitchen is a standout feature, showcasing granite countertops, updated cabinetry, and a fresh contemporary design—ideal for both everyday living and entertaining. The bathroom has been fully updated with sleek, modern finishes, while both bedrooms are well-sized and filled with natural light. The flexible layout allows for use as guest rooms, a home office, or additional living space to suit your needs. A 1-car garage adds convenience with secure parking and extra storage. With its updated condition and low-maintenance features, this property presents a great opportunity to start or add to your investment portfolio. This property is available for individual sale as well as offered as part of an Investor Package Deal.

Investor Tools

Property Icon
$168,000
Estimated Property Value
$117,135Estimated Mortgage Balance
$59,832Estimated Equity
30% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,008 /month
Positive
Cash Flow Estimate:
$336 /month

Interested in this property?

Mallory Adams

OmniKey Realty, LLC.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$255/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,226
$140,948
2025
$39,961
$138,974
$178,935
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$2,226
$140,948

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Bank
Open End Mortgage / Open End With Future Advance Clause
$117,135
No
First
Jun 8, 2022
Jun 2042

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$108,564
$59,436
35%
65%
$703/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,050/mo
$703/mo
+$347/mo
7.5%

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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