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$219,900

218 Mechanic St, Cleburne, TX, 76031

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,316 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$167.1 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Electric Range, Microwave
FlooringVinyl

Exterior

Lot Size6,747 sqft

Building Information

Year Built2019
Garage Spaces1

Land Information

APN126.2800.38405
Lot Number2
Land UseResidential
Legal DescriptionLOT 2 BLK 688 ORIGINAL CLEBURNE AKA LOT 2 BLK H OF NAUERTS ADDN
Census Tract130900
Assessed Land Value$43,000
Assessed Improvement Value$187,753
Assessment Year2025

About this property

Take a look at this charming brick home in the heart of Cleburne! You're instantly greeted by a cozy front porch! The home features an open concept layout, with recessed lighting throughout the kitchen dining and living. The luxury vinyl flooring is modern and compliments the color design in the home. The kitchen has the trendy white cabinetry with granite and large island with a gooseneck fixture for sink. The three bedrooms are a great size and both bathrooms have granite countertops! Your favorite spot in the home will be the new decking out back! Private space to grill and entertain! The backyard has so much room for outdoor play or to add a storage shed later. Schedule a showing today!

Investor Tools

Property Icon
$230,753
Estimated Property Value
$156,120Estimated Mortgage Balance
$95,216Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,385 /month
Positive
Cash Flow Estimate:
$462 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$536/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,275
$230,753
2025
$43,000
$187,753
$230,753
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,275
$230,753

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Fha
$156,120
Yes
First
Sep 27, 2019
Oct 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$135,537
$95,216
41%
59%
$937/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$937/mo
+$990/mo
10.0%

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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218 Mechanic St | Property Details | No Agent List