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$250,000

1116 Center St, Cleburne, TX, 76033

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,607 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$155.57 / sqft
Year BuiltBuilt in 1961

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Gas Range, Microwave
FlooringCeramic Tile, Laminate, Vinyl

Exterior

Exterior FeaturesRain Gutters
Lot Size9,609 sqft

Building Information

Year Built1961
Garage Spaces2

Land Information

APN126.2930.00260
Lot Number26
Land UseResidential
Legal DescriptionLOT 26 MC PHERSON
Census Tract131100
Assessed Land Value$38,500
Assessed Improvement Value$171,223
Assessment Year2025

About this property

Recently updated and move-in ready, this charming 3-bedroom, 2-bath home on almost a quarter-acre is ready for you to make it your own! Whether you’re beginning your homeownership journey or looking for a comfortable place to enjoy retirement, this Cleburne ISD home offers plenty of space both inside and out. The spacious family room flows seamlessly into the dining area and kitchen, creating an inviting layout for everyday living and entertaining. The gigantic backyard features mature trees and a large covered back patio—perfect for relaxing, hosting family and friends, or enjoying a weekend barbecue. The remodeled kitchen features a new dishwasher installed in 2025, while both bathrooms were remodeled in 2022. Additional updates include a new HVAC system and ductwork in 2023 along with NEST thermostat, refreshed interior paint in 2026, freshly painted exterior and garage doors in 2026, and new flooring in the laundry room and portions of the home. NO CARPET! A new roof will be installed once the home is under contract. With its numerous updates, generous backyard, and convenient Cleburne ISD location, this one is a must-see!

Investor Tools

$199,600Estimated Mortgage Balance
$63,400Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,578 /month
Positive
Cash Flow Estimate:
$526 /month

Interested in this property?

Rebecca Townsend

Townsend Realty Group of Texas

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$384/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,297
$209,723
2025
$38,500
$171,223
$209,723
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,297
$209,723

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sfmc Lp
Stand Alone First / Home Equity First Lien
$206,097
No
First
May 13, 2022
Jun 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$199,600
$63,400
24%
76%
$1,299/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$1,299/mo
+$628/mo
8.8%

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: Cleburne

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