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$168,000

NAL Estimated Property Value

1216 Gleason Ave, Cleburne, TX, 76033

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths936 Sq Ft
price_per_sqft$186.97 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
AppliancesElectric Range
FlooringCarpet, Concrete, Vinyl

Exterior

Lot Size11,278 sqft

Land Information

APN126.2800.45520
Lot Number31-32
Land UseResidential
Legal DescriptionLOT 31,32 BLK 835 ORIGINAL CLEBURNE
Census Tract131000
Assessed Land Value$62,000
Assessed Improvement Value$99,741
Assessment Year2025

About this property

Charming 2 bedroom, one bath home in original Cleburne on a fourth of an acre. Large, welcoming covered porch, and flower beds for the home owner with a green thumb. High ceilings and an open floor plan give a feeling of spaciousness. Real knotty pine wood paneling. Durable vinyl wood look floors. Kitchen has plenty of storage and counter space. Large, shaded backyard has plenty of room for family cookouts, and for kids and pets to play. New HVAC system installed in 2020, and new tankless hot water heater installed in 2022.

Investor Tools

Property Icon
$168,000
Estimated Property Value
$152,561Estimated Mortgage Balance
$15,439Estimated Equity
9% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,050 /month
Positive
Cash Flow Estimate:
$350 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$371/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,606
$161,741
2025
$62,000
$99,741
$161,741
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,606
$161,741

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Better Mortgage Corporation
Conventional
$162,000
No
First
Mar 16, 2023
Apr 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$152,561
$15,439
9%
91%
$972/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,456/mo
$972/mo
+$484/mo
10.4%

City: Cleburne

1216 Gleason Ave | Property Details | No Agent List