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$499,000

NAL Estimated Property Value

Lots 255-261 & 266 forest Lane, Gordonville, TX, 76245

Off MarketInfo
CommercialInfo
Beds8 Beds
Baths5 Bath
Year BuiltBuilt in 2002

Highlights

Interior

Bedrooms 8Bedrooms 8
Bathrooms 5Bathrooms 5
AppliancesDishwasher, Disposal, Electric Range
FlooringCarpet

Building Information

Garage Spaces4

About this property

Looking for a block of properties? This is it! Rare opportunity to purchase 3 rental homes and 2 vacant lots in Gordonville by Lake Texoma. Includes one 3 bed 2 bath 2 car garage brick home, one 2 bed 1 bath 2 car garage corner lot home, one 3 bed 2 bath mobile home with a 20x30 metal shop, and 2 vacant lots perfect for building a 4th home. Blocks away from the lake and HWY 377. The 2 bed home is available to tour, the other homes are currently leased on month to month basis. Great potential for long term rentals, short term rentals, owner occupied rental setup and more!

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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,994 /month
Positive
Cash Flow Estimate:
$998 /month

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Financing Details

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

Learn About the Market: Opportunity in Texas

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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: Gordonville

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