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$230,000

1206 Crestwood Dr, Cleburne, TX, 76033

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,612 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$142.68 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Gas Cooktop, Gas Water Heater, Microwave
FlooringVinyl

Exterior

Lot Size15,865 sqft

Building Information

Year Built1965
Garage Spaces1

Land Information

APN126.2809.00480
Lot Number6
Land UseResidential
Legal DescriptionLOT 6 W 117.5FT BLK 5 BELLEVUE CREST
Census Tract131100
Assessed Land Value$50,500
Assessed Improvement Value$197,184
Assessment Year2025

About this property

Incredible Opportunity in Established Cleburne: Move-In Ready with Massive Upside! Nestled in a beautifully established neighborhood in Cleburne, this fully functional, move-in-ready home sits on a generous .36-acre lot and offers endless potential for the savvy buyer. The current owner is downsizing, presenting a fantastic opportunity to secure a solid home priced accordingly to be sold AS-IS. With excellent comps in the subdivision for completely renovated properties, this is the perfect blank canvas to build substantial equity by making updates at your own pace. The home is upgraded with gorgeous vinyl cushioned, scratch-resistant, and anti-microbial flooring throughout. Enjoy peace of mind knowing the heavy lifting is done—crucial foundation work has already been performed, and there are no major issues with the property. The massive .36-acre footprint features a huge backyard perfect for entertaining or relaxing. Note that some interior fence sections need minor repair, but the perimeter is backed by a sturdy, well-maintained neighboring fence. The property also features a spacious garage with two large 12-foot doors with manual operation and no electric openers. This home has proudly stood for 61 years and is waiting for a buyer to bring a little TLC to make it shine. Known minor projects include a small leak under the kitchen sink and a drooping garage ceiling. Please note that the owner is not offering seller concessions, ensuring a straightforward transaction for a buyer looking for a rewarding, paced renovation project. Don't miss out on this rare find with exceptional upside potential. Schedule your private showing or stop by the next open house to envision the possibilities!

Investor Tools

$94,236Estimated Mortgage Balance
$153,448Estimated Equity
61% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,486 /month
Positive
Cash Flow Estimate:
$495 /month

Interested in this property?

Brent Clemens

Texas Ally Real Estate Group

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$170/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$797
$247,684
2025
$50,500
$197,184
$247,684
No

Tax History

Year
Tax Paid
Assessed Value
2025
$797
$247,684

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$103,000
No
First
Feb 22, 2022
Mar 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$94,236
$153,448
61%
38%
$618/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$618/mo
+$1,309/mo
9.3%

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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