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$160,000

1298 N Fm 199, Cleburne, TX, 76033

$208,000 ARVInfo
On MarketInfo
Baths0 Bath
Baths1,259 Sq Ft
Year BuiltBuilt in 1950

Property Lead Type:

ARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size5.81 acres

Building Information

Year Built1950

Land Information

APNR000001580
Land UseResidential
Legal DescriptionACRES: 5.810 TRACT: 5 ABST: A87 A87 T STEWART
Census Tract000101
Assessed Land Value$151,060
Assessed Improvement Value$141,400
Assessment Year2025

About this property

Open countryside stretches across level ground under wide Texas skies. This parcel sits in a quiet mix of homes and working land where the horizon feels expansive. The setting invites a practical approach to building or keeping animals in a simple rural environment.

Investor Tools

Property Icon
$442,000
Estimated Property Value
$126,000Estimated Mortgage Balance
$323,961Estimated Equity
71% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$208,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,652 /month
Positive
Cash Flow Estimate:
$884 /month

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Erin Berger

RE/MAX Elite Properties

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$353/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,026
$292,460
2025
$151,060
$141,400
$292,460
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,026
$292,460

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Grandview Bank
Stand Alone First / Home Equity First Lien
$126,000
No
First
Jan 6, 2023
Mar 2028

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$118,039
$323,961
73%
27%
$756/mo

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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1298 N Fm 199 | Property Details | No Agent List