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$465,000

505 Fm 2331, Cleburne, TX, 76033

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,370 Sq Ft
FarmFarm
price_per_sqft$196.2 / sqft
Year BuiltBuilt in 1987

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Electric Range, Microwave
FlooringCeramic Tile

Exterior

Private PoolPrivate Pool
Lot Size6.18 acres

Land Information

APN126.3877.01020
Lot Number2
SubdivisionBates Family Ranch
Land UseResidential
Legal DescriptionLOT 2 BLK 1 BATES FAMILY RANCH
Census Tract130100
Assessed Land Value$194,639
Assessed Improvement Value$323,418
Assessment Year2025

About this property

Come to the country! Beautiful 10 acres with fenced pastures, 4 stall barn with wash bay, and two loafing sheds. The property has a 30x40 shop with electricity and a half bath and covered parking on the back. There are also 3 RV hookups on the property. The home offers wonderful outdoor entertaining area with a large front porch and gunite swimming pool in the back. The home has plenty of space with a large living area with a wood burning fireplace and there is a space for a home office, craft area, or second living space. The kitchen has updated stainless steel appliances and a large island for entertaining. The laundry room offers lots of storage and a sink. The home has 2x6 exterior walls with many updates.

Investor Tools

Property Icon
$518,057
Estimated Property Value
$434,625Estimated Mortgage Balance
$134,294Estimated Equity
16% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,108 /month
Positive
Cash Flow Estimate:
$1,036 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$949/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,800
$518,057
2025
$194,639
$323,418
$518,057
No

Tax History

Year
Tax Paid
Assessed Value
2025
$8,800
$518,057

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bkco Mortgage Llc
Conventional
$434,625
No
First
May 29, 2020
Jun 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$383,763
$134,294
25%
74%
$2,606/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,385/mo
$2,606/mo
$-221/mo
5.5%

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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505 Fm 2331 | Property Details | No Agent List