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$2,221,500

187 County Road 2194, Cleveland, TX, 77327

On MarketInfo
Baths0 Bath
Single Family ResidenceSingle Family Residence

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size49.99 acres

Land Information

APNR184655
SubdivisionF J C Smiley
Land UseOther / Unknown
Legal Description000345 F J C SMILEY, TRACT 90, ACRES 49.99, UNDIVIDED INTEREST 50.0000000000%
Census Tract700500
Assessed Land Value$9,245
Assessed Improvement Value$30,590
Assessment Year2025

About this property

Rare find! This beautiful large acreage tract with rolling, high & dry terrain in Tarkington ISD is ready for your cattle and hay operation. This 148 +/- acre tract is mostly open pastures of Bahia grass that has been cut for hay and grazing cattle. It is fenced & cross fenced into four pastures so you can easily rotate the cattle & hay pastures for maximum production. It also has a 300 foot well that pumps water to the pastures and a pond. Off season, you can plant oats & rye grass to bring in the wildlife for hunting and/or supplemental feeding. The current home is from the original owners of this ranch and is currently of no value but with the large oaks that adorn the yard area, it would be a perfect place to build a new home. This would provide a homestead that is both an income producing ranch as well as a peaceful country living location. Located within 20 minutes of Cleveland and with easy access to HWY 59 and 99, you can enjoy country life with easy access to city amenities.

Investor Tools

$0Estimated Mortgage Balance
$39,835Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$13,329 /month
Positive
Cash Flow Estimate:
$4,443 /month

Interested in this property?

Robin Enloe

Cameron Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$32/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$188
$39,835
2025
$9,245
$30,590
$284,495
No

Tax History

Year
Tax Paid
Assessed Value
2024
$188
$39,835

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$39,835
100%
0%
$0/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: Cleveland

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187 County Road 2194 | Property Details | No Agent List