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$159,000

602 Graham St, Cleburne, TX, 76033

$173,499 ARVInfo
Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,280 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$124.22 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 1Bathrooms Full 1
AppliancesDishwasher, Other

Exterior

Lot Size7,000 sqft

Building Information

Year Built1940
Garage Spaces1

Land Information

APN126.2800.45860
Lot Number12,14
Land UseResidential
Legal DescriptionLOT 12,14 BLK 840 ORIGINAL CLEBURNE
Census Tract130700
Assessed Land Value$28,000
Assessed Improvement Value$105,077
Assessment Year2025

About this property

Come explore this cozy three-bedroom, two-bathroom home situated on a spacious corner lot. This property offers great potential for anyone looking to make it their own. You'll find a handy metal RV cover at the back, perfect for additional storage or parking, along with a front parking for guests to avoid parking on the street. Enjoy the peaceful atmosphere of the tree-filled lot, providing shade and privacy with a nice size back yard fenced for children or a garden. Enjoy the garage with side access for secure parking and extra storage. This home is a great opportunity for buyers seeking a comfortable space with room to customize and improve, all in a desirable location.

Investor Tools

Property Icon
$198,000
Estimated Property Value
$193,431Estimated Mortgage Balance
$0Estimated Equity
2% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$173,499
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,188 /month
Positive
Cash Flow Estimate:
$396 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$330/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,967
$133,077
2025
$28,000
$105,077
$133,077
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,967
$133,077

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas State Affordable Hsng Corp
Stand Alone Second / Subordinate Position
$7,737
No
First
Aug 15, 2025
Aug 2038

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$198,526
N/A
0%
100%
$1,207/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$1,207/mo
+$720/mo
11.7%

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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602 Graham St | Property Details | No Agent List