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$220,000

402 Myers Ave, Cleburne, TX, 76033

On MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,512 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$145.5 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Dryer, Gas Range, Microwave, Refrigerator, Washer
FlooringCeramic Tile, Laminate, Wood

Exterior

Lot Size9,365 sqft

Building Information

Year Built1960

Land Information

APN126.2800.34385
Lot Number1
Land UseResidential
Legal DescriptionLOT 1 BLK 617 ORIGINAL CLEBURNE
Census Tract131100
Assessed Land Value$28,000
Assessed Improvement Value$113,758
Assessment Year2025

About this property

Investor Special! Tenant-Occupied Corner Lot with Steady Income Through 2025 Welcome to 402 Myers Avenue in Cleburne, TX — a prime investment opportunity with dependable rental income already in place. Situated on a desirable corner lot, this 3-bedroom, 1.5-bath home is tenant-occupied with a lease secured through December 2025, making it a turnkey addition to your rental portfolio. The property features a covered carport and two spacious storage buildings, offering added convenience and utility. Located in an established neighborhood with easy access to local amenities, this home provides consistent cash flow and low vacancy risk.

Investor Tools

$62,428Estimated Mortgage Balance
$151,729Estimated Equity
69% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,320 /month
Positive
Cash Flow Estimate:
$440 /month

Interested in this property?

Fathom Realty, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$353/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,161
$141,758
2025
$28,000
$113,758
$141,758
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,161
$141,758

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cendera Funding Inc
Fha
$76,587
Yes
First
Jun 30, 2017
Jul 2047

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$62,428
$145,572
69%
29%
$460/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$460/mo
+$1,467/mo
10.8%

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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402 Myers Ave | Property Details | No Agent List