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$240,000

NAL Estimated Property Value

1214 Tanglewood Dr, Cleburne, TX, 76033

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,553 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$139.02 / sqft
Year BuiltBuilt in 1966

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Electric Cooktop
FlooringLaminate

Exterior

Lot Size11,635 sqft

Building Information

Year Built1966
Garage Spaces2

Land Information

APN126.2809.01020
Lot Number8
Land UseResidential
Legal DescriptionLOT 8 BLK 7 BELLEVUE CREST
Census Tract131100
Assessed Land Value$50,500
Assessed Improvement Value$173,219
Assessment Year2025

About this property

Are you looking for an affordable home in a great neighborhood? Well, you do not want wait too long to look at this hidden gem nestled in a quiet neighborhood on a tree shaded corner lot. This home is in need of some TLC, but is priced accordingly and has fantastic potential. The carpet in the bedrooms has been removed. With a newer roof, HVAC unit and water heater, the big ticket items have already been replaced. You will notice the moment you walk through the front door that this is not your normal cookie cutter home. The living room features a vaulted ceiling, wood burning fireplace plus sliding glass doors opening onto the patio. The kitchen features a cozy breakfast nook and a spacious den with a second set of sliding doors going to the fenced back yard. The location is awesome with restaurants, grocery stores, WalMart, nails salons and more a close distance. It is a quick and easy drive to the Chisholm Trail Parkway.

Investor Tools

Property Icon
$240,000
Estimated Property Value
$164,322Estimated Mortgage Balance
$75,678Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,440 /month
Positive
Cash Flow Estimate:
$480 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$476/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,516
$223,719
2025
$50,500
$173,219
$223,719
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,516
$223,719

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sfmc Lp
Conventional
$169,900
No
First
Jul 12, 2024
Aug 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$164,322
$75,678
31%
68%
$1,019/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$1,019/mo
+$908/mo
9.6%

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.

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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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1214 Tanglewood Dr | Property Details | No Agent List