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$215,000

402 Meadow Dr, Gainesville, TX, 76240

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths1 Bath
Baths1,160 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$185.34 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDryer, Dishwasher, Gas Range, Washer

Exterior

Lot Size8,960 sqft

Building Information

Year Built1955
Roof Type105
Garage Spaces1

Land Information

APN12935
Lot Number2
SubdivisionJoy Acres
Land UseResidential
Legal DescriptionJOY ACRES; BLOCK 5; LOT 2
Census Tract001100
Assessed Land Value$46,139
Assessed Improvement Value$137,247
Assessment Year2025

About this property

Welcome home to this cozy, beautifully remodeled property just minutes from downtown Gainesville! Featuring a welcoming open-concept layout, large windows that fill the home with natural light, and thoughtful updates throughout, this home offers the perfect blend of comfort and charm. Whether you're looking for an affordable place to call your own or a great addition to your rental portfolio, this property offers plenty of potential. Perfect for first-time homebuyers, downsizers, or investors looking for their next opportunity. Don't miss your chance to make this charming home yours!

Investor Tools

$103,325Estimated Mortgage Balance
$80,263Estimated Equity
43% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,290 /month
Positive
Cash Flow Estimate:
$430 /month

Interested in this property?

Kristin Pilcher

Post Oak Realty-W'Boro

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$396/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,837
$183,386
2025
$46,139
$137,247
$183,386
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2025
$3,837
$183,386

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Conventional
$114,460
No
First
Sep 30, 2021
Oct 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$103,325
$80,061
43%
56%
$687/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,340/mo
$687/mo
+$653/mo
8.8%

City: Gainesville

402 Meadow Dr | Property Details | No Agent List