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$353,000

527 Fm 787 Road E, Cleveland, TX, 77327

Off MarketInfo
LeaseInfo
Beds3 Beds
Baths2 Bath
Baths3,000 Sq Ft
price_per_sqft$1.67 / sqft
Year BuiltBuilt in 1992

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Dryer, Refrigerator, Washer, Microwave, Electric Range, Electric Oven
FlooringTile

Exterior

Exterior FeaturesBalcony
Lot Size1.54 acres

Building Information

Year Built1992
Stories1
Roof Type105

Land Information

APNR18547
SubdivisionJ F Derumayor
Land UseResidential
Legal Description000103 J F DERUMAYOR, TRACT 130, ACRES 1.54
Census Tract700600
Assessed Land Value$62,460
Assessed Improvement Value$171,750
Assessment Year2025

About this property

Looking for space, flexibility, and freedom? This 1.5-acre property is perfect for business owners, truckers, heavy equipment operators, and animal lovers alike! Spacious 4 bedroom, 3 bathroom home with over 3,000 sq ft of living space.Plenty of room for trucks, trailers, and heavy equipment for small business . Animal-friendly – bring your horses, goats, or other livestock. No HOA restrictions – ideal for contractors, business owners, or anyone needing work-live flexibility Wide-open lot with room to grow, store, or roam. Enjoy the freedom of country-style living with the space your lifestyle demands—while still being close to city conveniences. Call today to schedule your tour—unique rental opportunities like this are very rare.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$414/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,208
$234,210
2025
$62,460
$171,750
$234,210
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,208
$234,210

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Research Center Llc
Va
$357,525
Yes
First
Jan 20, 2026
Feb 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$354,933
N/A
0%
101%
$2,144/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$2,144/mo
$-422/mo
5.9%

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: Cleveland

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527 Fm 787 Road E | Property Details | No Agent List