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$187,000

NAL Estimated Property Value

406 E Willingham St, Cleburne, TX, 76031

SoldInfo
7/17/26
Beds3 Beds
Baths1 Bath
Baths1,273 Sq Ft
price_per_sqft$77.77 / sqft
Year BuiltBuilt in 1920

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
AppliancesNone

Building Information

Year Built1920

Land Information

APN126.2800.21050
Lot Number10-11
Land UseResidential
Legal DescriptionLOT 10, 11 BLK 374 ORIGINAL CLEBURNE
Census Tract130800
Assessed Land Value$23,500
Assessed Improvement Value$99,705
Assessment Year2025

About this property

Calling all investors and savvy buyers! Discover the ultimate flip or renovation project in a highly desirable walk-to-town location. Spanning 1,273 square feet on a generous 5,000-square-foot lot, this 3-bedroom, 1-bathroom home is full of potential. Positioned just blocks from the heart of historic downtown Cleburne, you get the perfect blend of small-town charm and big-city convenience—with Fort Worth less than 40 minutes away. Don't miss out on this prime investment opportunity!

Investor Tools

Property Icon
$187,000
Estimated Property Value
$0Estimated Mortgage Balance
$187,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,122 /month
Positive
Cash Flow Estimate:
$374 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$535/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,489
$123,205
2025
$23,500
$99,705
$123,205
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2025
$5,489
$123,205

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$187,000
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
12.4%

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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406 E Willingham St | Property Details | No Agent List