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$229,500

501 Forrest Avenue, Cleburne, TX, 76033

$245,486 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,231 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$102.87 / sqft
Year BuiltBuilt in 1939

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesElectric Cooktop, Electric Oven, Microwave
FlooringCarpet, Vinyl, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size15,873 sqft

Building Information

Garage Spaces1

Land Information

APN126.2800.42890
Lot Number1-3
Land UseResidential
Legal DescriptionLOT 1-3 BLK 803 ORIGINAL CLEBURNE
Census Tract131000
Assessed Land Value$62,000
Assessed Improvement Value$211,402
Assessment Year2025

About this property

Adorable home located on a corner lot with mature trees and wonderful curb appeal. As soon as you walk in the door, you will fall in love with the refinished hardwood floors. The living room is spacious with lots of windows and a lovely fireplace. The formal dining room is generously sized and also features the hardwood floors. The kitchen has tons of cabinets, a window above the kitchen sink, a moveable island, and shiplap. All the bedrooms are spacious with hardwood floors. The laundry room offers tons of storage and has room for an additional refrigerator. This home has updated windows, tankless water heater, and the air in 2016. Outside you will find a beautiful yard, carport, garage, and plant shed.

Investor Tools

Property Icon
$328,000
Estimated Property Value
$0Estimated Mortgage Balance
$231,843Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$245,485
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,968 /month
Positive
Cash Flow Estimate:
$656 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$250/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,363
$273,402
2025
$62,000
$211,402
$273,402
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,363
$273,402

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sfmc Lp
Conventional
$111,000
No
First
Aug 5, 2019
Sep 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$96,157
$231,843
70%
29%
$666/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$666/mo
+$1,261/mo
7.0%

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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501 Forrest Avenue | Property Details | No Agent List