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$199,000

NAL Estimated Property Value

408 Madison St, Cleburne, TX, 76033

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,332 Sq Ft
price_per_sqft$138.89 / sqft
Year BuiltBuilt in 1948

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
AppliancesGas Range
FlooringCarpet, Vinyl, Wood

Exterior

Lot Size9,204 sqft

Building Information

Year Built1948
Garage Spaces1

Land Information

APN126.2800.32740
Lot Number14
Land UseResidential
Legal DescriptionLOT 14 BLK 598 , (1) ORIGINAL CLEBURNE, (FAIRVIEW ADDITION) 126.2800.32741 UDI NO EXEMPT
Census Tract131100
Assessed Land Value$19,500
Assessed Improvement Value$24,796
Assessment Year2025

About this property

Beautiful 3 bedroom home on a corner lot with stunning curb appeal, and a side detached garage, and fenced back yard. Beautiful hardwood floors, and great colors throughout. Enjoy your family in this large living room with floor to ceiling windows with wonderful natural lighting. This home is warm and welcoming and a perfect setting for any family. Wonderful neighborhood with mature trees and landscaping. Great location

Investor Tools

Property Icon
$199,000
Estimated Property Value
$189,320Estimated Mortgage Balance
$9,680Estimated Equity
4% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,194 /month
Positive
Cash Flow Estimate:
$398 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$141/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$694
$44,296
2025
$19,500
$24,796
$44,296
No

Tax History

Year
Tax Paid
Assessed Value
2025
$694
$44,296

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Fha
$196,377
Yes
First
May 31, 2024
Jul 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$189,320
$9,680
4%
95%
$1,178/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$1,178/mo
+$749/mo
11.6%

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.

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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408 Madison St | Property Details | No Agent List