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$224,900

1517 Morningside Dr, Cleburne, TX, 76033

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,087 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$206.9 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Electric Oven, Electric Water Heater, Microwave

Exterior

Lot Size9,448 sqft

Building Information

Year Built2004
Garage Spaces2

Land Information

APN126.3055.00472
Lot Number11
Land UseResidential
Legal DescriptionLOT 11 BLK 3 TOWNE NORTH DUP 6.5.07 DRAWING
Census Tract130302
Assessed Land Value$44,000
Assessed Improvement Value$155,226
Assessment Year2025

About this property

This cozy home is Move In ready and very clean. Beautifully remodeled in the Fall of 2023 with wood look luxury vinyl plank through out, granite countertops, replaced all sinks and added Delta faucets, updated light fixtures, custom bathroom mirrors and stainless steel Whirlpool appliances which include a built in microwave, stove with glass top, dishwasher with hidden controls, and garbage disposal. The oak stained kitchen cabinets show off the pristine kitchen. Natural light is plentiful and windows have 2 inch faux wood blinds. All bedrooms have a ceiling fan with light kit. Backyard is very large and suited for children and pets. Close to the airport, shopping and Cleburne schools.

Investor Tools

Property Icon
$219,000
Estimated Property Value
$215,201Estimated Mortgage Balance
$11,532Estimated Equity
2% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,349 /month
Positive
Cash Flow Estimate:
$450 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$461/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,442
$199,226
2025
$44,000
$155,226
$199,226
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,442
$199,226

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Security National Mortgage Co
Fha
$215,201
Yes
First
May 24, 2024
Jun 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$207,468
$11,532
5%
95%
$1,291/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$1,291/mo
+$636/mo
10.6%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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1517 Morningside Dr | Property Details | No Agent List