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$586,000

NAL Estimated Property Value

3437 County Road 423, Cleburne, TX, 76031

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,056 Sq Ft
FarmFarm
price_per_sqft$243.14 / sqft
Year BuiltBuilt in 1983

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
AppliancesTrash Compactor, Dishwasher, Disposal, Electric Cooktop, Microwave, Plumbed For Ice Maker, Vented Exhaust Fan
FlooringCeramic Tile, Concrete

Exterior

Exterior FeaturesRain Gutters
Lot Size1 acre

Land Information

APN126.0764.00050
Land UseResidential
Legal DescriptionABST 764 TR 11,11A J SWARTZ
Census Tract130603
Assessed Land Value$21,420
Assessed Improvement Value$249,338
Assessment Year2025

About this property

Pack up your kids and move to the country! This comfortable ranch style home nestled among oak and pecan trees on 12+ acres beckons. Beautiful ag exempt property with pond and fenced Coastal pasture includes a 20 x 40 pole barn, 20 x 34 two-stall barn with tack room plus a 20 x 40 attached lean-to with sturdy covered work pens. Ideal for raising livestock or show animals. Garden spot; arbor. Well maintained brick home has some updates, including new windows, and fresh paint inside. Newer roof. Whether you are looking for a family operation, a weekend getaway or a place in the country to retire, this property offers so many possibilities. Within commuting distance to the Metroplex, or better yet, work from home!

Investor Tools

Property Icon
$586,000
Estimated Property Value
$411,006Estimated Mortgage Balance
$174,994Estimated Equity
29% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,516 /month
Positive
Cash Flow Estimate:
$1,172 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$522/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,329
$270,758
2025
$21,420
$249,338
$270,758
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,329
$270,758

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Conventional
$460,750
No
First
Oct 30, 2020
Nov 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$411,006
$174,994
29%
70%
$2,763/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,385/mo
$2,763/mo
$-378/mo
4.9%

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.

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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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3437 County Road 423 | Property Details | No Agent List