1506 Golf Course Road

Gatesville, TX 76528

$145,000

2 beds
1 baths
1,116 sq ft
0.49 acres
Built 1950

Listed by White Label Realty · MLS #584789

Property photos are not available.

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1950.

Garage parking

1 garage spaces listed.

Property size

0.49 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Opportunity Awaits! Character Home with an extra large workshop & oversized garage.
If you're searching for a property with potential, this 2-bedroom, 1-bath home offers a fantastic opportunity. Full of character & charm. This home is ready for some TLC to update, customize & make it your own.
Inside, you'll find a functional floor plan, with a cozy living space and a recently updated bathroom, with a walk-in tub/shower. Washer & dryer in the laundry room.
Outside, the oversized detached garage provides ample storage space and flexibility for vehicles, and other hobbies. Explore the lovely golf course neighborhood on golf carts.
One of the standout features of this home, is the spacious workshop—equipped with an assortment of tools, it also houses a wood-burning stove, ready for projects year round. Mature trees and easy access to local amenities, this home is a great canvas. Bring your ideas, and make it your own!
Virtual Tour available, message Listing Agent for link.
Disclaimer: Taxes, year-built and square footage provided by Coryell CAD not Broker or its Agents. Measurements are approximate. Buyer should verify all utilities, taxes, measurements and any other information deemed important.

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THE NEIGHBORHOOD

Explore the location.

1506 Golf Course Road, Gatesville, TX 76528

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THE DETAILS

The details, all in one place.

Property type: Residential
Category: Residential
Year built: 1950
Full baths: 1
Half baths: 0
Garage spaces: 1
Cooling: OneUnit
Appliances: Dryer,Microwave,Refrigerator,WaterHeater,Washer,SomeGasAppliances,BuiltInOven
Flooring: Carpet,Laminate
Exterior: Porch,PrivateYard,Storage
Fencing: BackYard,ChainLink,Perimeter,Wood
Pool features: None
Spa: No
Subdivision: Southeast Annex
Parcel: 115206

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase—

Estimated monthly rent$604.17

Cap rate—

Annual operating income: —

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Purchase price

Rental income & operating costs

Estimated monthly rent

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Vacancy allowance (%) Management fee (%) Maintenance reserve (%) Capital reserve (%)

Annual property tax

Annual insurance

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Monthly HOA

Other monthly costs

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

Down payment (%) Interest rate (%) Loan term

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

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Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

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Make a strong first impression.
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Stay connected to your investment.
Get support with rent collection, resident communication, maintenance coordination and owner reporting.

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Stone-front home with a landscaped lawn and central entry — A more complete plan for your property

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1506 Golf Course Road, Gatesville, TX 76528 · MLS #584789

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Listing information

MLS #584789 · Central Texas MLS

Listing brokerage: White Label Realty
Listing agent: Lisa Kamprath

Listing status: Active. Record updated September 10, 2026. Confirm current availability and price with the listing agent.