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$352,000

2028 County Road 429, Cleburne, TX, 76031

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,614 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$238.54 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Electric Oven
FlooringCarpet, Linoleum

Exterior

Lot Size6 acres

Building Information

Year Built1985
Garage Spaces3

Land Information

APN126.0662.00821
Land UseFarm And Ranch With Sfr
Legal DescriptionABST 662 TR 2, 3 WM OWENS 126.0662.00820 UDI EXEMPT
Census Tract130603
Assessed Land Value$120,000
Assessed Improvement Value$68,669
Assessment Year2025

About this property

Welcome to quiet country living on the outskirts of Cleburne, TX. This charming 3 bedroom, 1.5 bathroom, plus office and 3 car garage home is sitting on 6 acres of peace and serenity. Relax on your porch overlooking the property. Bring your animals to enjoy the grass with scattered trees, fencing on 3 sides and no known restrictions. Behind the main house is a metal shop building with electricity and extra parking for an RV and boat. Perfect for a separate mother-in-law suite or apartment, part of the shop is completed with a sink and plumbed for a bathroom. With 465 feet of road frontage, this property offers options to subdivide as well. This property provides incredible potential and is a fixer-upper offered as-is. Located between Cleburne and Alvarado, it is only 40 minutes away from Forth Worth, TX.

Investor Tools

Property Icon
$352,000
Estimated Property Value
$0Estimated Mortgage Balance
$352,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,310 /month
Positive
Cash Flow Estimate:
$770 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$414/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,205
$188,669
2025
$120,000
$68,669
$188,669
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,205
$188,669

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$352,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
N/A
+$1,927/mo
6.6%

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.

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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2028 County Road 429 | Property Details | No Agent List