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$173,000

NAL Estimated Property Value

506 W Smith Street, Cleburne, TX, 76033

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,200 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$112.5 / sqft

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
AppliancesElectric Oven
FlooringCarpet, Linoleum

Exterior

Lot Size5,275 sqft

Land Information

APN126.2800.25200
Lot Number4B
Land UseResidential
Legal DescriptionLOT 4B BLK 492 ORIGINAL CLEBURNE
Census Tract131000
Assessed Land Value$62,000
Assessed Improvement Value$90,202
Assessment Year2025

About this property

Tons of potential with this little home nestled in the heart of Original Cleburne on quiet side street. Home is in need of repair and is being sold as is. Roof is approximately 1 year old.

Investor Tools

Property Icon
$173,000
Estimated Property Value
$160,455Estimated Mortgage Balance
$12,545Estimated Equity
7% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,038 /month
Positive
Cash Flow Estimate:
$346 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$355/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,394
$152,202
2025
$62,000
$90,202
$152,202
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,394
$152,202

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Regional Bank
Conventional
$163,580
No
First
Apr 25, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$160,455
$12,545
7%
93%
$981/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,456/mo
$981/mo
+$475/mo
10.1%

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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506 W Smith Street | Property Details | No Agent List