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$258,249

NAL Estimated Property Value

406 Preston Drive, Cleburne, TX, 76033

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,474 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$166.15 / sqft
Year BuiltBuilt in 1999

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Electric Water Heater, Microwave
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Exterior FeaturesRain Gutters
Lot Size7,022 sqft

Building Information

Year Built1999
Garage Spaces2

Land Information

APN126.2967.00650
Lot Number15
Land UseResidential
Legal DescriptionLOT 15 BLK 2 PRESTON MEADOW ADDITION SEC 3
Census Tract130700
Assessed Land Value$54,000
Assessed Improvement Value$204,249
Assessment Year2025

About this property

This one owner home, is very well maintained. Step inside to large open living area with laminate wood floors open to the breakfast nook and corner kitchen with windows looking into the backyard. Kitchen has nice built in appliances, pantry and much more. Master suite is great size with ensuite bath with soaking tub, separate shower and dual sinks, two walk in closets. with this split bedroom plan the other two bedrooms are on the opposite side of the house with their own full bath. Nice landscaped yard front and back includes a sprinkler system. In the last ten years or less this home has had new roof, new windows on most of the house, new sliding back door, new central heat and air. Extra insulation has been added in the attic to make this home more energy efficient.

Investor Tools

Property Icon
$258,249
Estimated Property Value
$218,337Estimated Mortgage Balance
$39,912Estimated Equity
15% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,549 /month
Positive
Cash Flow Estimate:
$516 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$587/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,758
$258,249
2025
$54,000
$204,249
$258,249
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,758
$258,249

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guaranteed Rate Inc
Conventional
$232,655
No
First
Jan 31, 2023
Feb 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$218,337
$39,912
15%
85%
$1,395/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$1,395/mo
+$532/mo
9.0%

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 Preston Drive | Property Details | No Agent List