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$194,000

1324 E Garnett St, Gainesville, TX, 76240

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths1 Bath
Baths1,551 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$125.08 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1.5Bathrooms Full 1.5
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range
FlooringCarpet, Laminate

Exterior

Lot Size7,915 sqft

Building Information

Year Built1940
Roof Type105
Garage Spaces2

Land Information

APN12904
Lot Number7
SubdivisionRobertson Addn #1
Land UseResidential
Legal DescriptionROBERTSON ADDN #1; BLOCK 5; LOT 7
Census Tract001100
Assessed Land Value$32,210
Assessed Improvement Value$155,009
Assessment Year2025

About this property

AFFORDABLE, SPACIOUS & FULL OF POTENTIAL! Don’t miss this opportunity to own a charming 2-bedroom, 1.5-bath home offering over 1,556 square feet of living space! Featuring two spacious living areas and a separate dining room, huge laundry area with plenty of room to have space for a home office or work out area. This home provides plenty of room for comfortable everyday living and entertaining. Situated on a beautifully treed lot, the property offers a fenced backyard with a covered entertaining area, perfect for relaxing or hosting family and friends. Additional features include a two-car carport, a storage building, and convenient rear alley access for parking. With generous living space, a functional layout, and inviting outdoor amenities, this property offers exceptional value at an affordable price! Schedule your showing today and discover the possibilities!

Investor Tools

$109,711Estimated Mortgage Balance
$90,289Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,200 /month
Positive
Cash Flow Estimate:
$400 /month

Interested in this property?

Christy Johnson

TIERRA REAL ESTATE

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$410/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,917
$187,219
2025
$32,210
$155,009
$187,219
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2025
$3,917
$187,219

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First State Bank
Conventional
$126,100
No
First
Mar 31, 2020
Apr 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$109,711
$90,289
45%
55%
$757/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,340/mo
$757/mo
+$583/mo
8.0%

City: Gainesville

1324 E Garnett St | Property Details | No Agent List