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$311,000

NAL Estimated Property Value

662 County Road 2218, Cleveland, TX, 77327

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,100 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$119 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
Heating OtherHeating Other
AppliancesElectric Oven, Oven, Electric Cooktop, Refrigerator
FlooringVinyl

Exterior

Lot Size25,265 sqft

Building Information

Year Built2006
Stories1
Roof Type105

Land Information

APNR62924
Lot Number193
SubdivisionOak Shadows
Land UseResidential
Legal DescriptionOAK SHADOWS, LOT 193, ACRES 0.58
Census Tract700500
Assessed Land Value$35,500
Assessed Improvement Value$204,080
Assessment Year2025

About this property

Newly Renovated Country home. No known Restrictions. No HOA, No Back Neighbors. 1.16 ACRES, Open Concept with plenty of Living Space. New features include: New Flooring throughout. No carpet. New HVAC, New Electrical exterior connections and set up. New Kitchen Island, New Granite Countertops, New Double Pane Windows, New Lighting Fixtures, Additional closet Spaces, All New Doors throughout, New Oven, New Refrigerator, New Sink, New Roof insulation, New Master Shower and Bathroom. New secondary Bathroom including vanity & shower/tub. Large covered Front Patio. Storage Shed included.

Investor Tools

Property Icon
$311,000
Estimated Property Value
$127,574Estimated Mortgage Balance
$183,426Estimated Equity
58% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,866 /month
Positive
Cash Flow Estimate:
$622 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$222/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,107
$239,580
2025
$35,500
$204,080
$239,580
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,107
$239,580

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Scf Jake Lp
Purchase Money Mortgage
$135,000
No
First
May 19, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$127,574
$176,426
58%
41%
$810/mo

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: Cleveland

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662 County Road 2218 | Property Details | No Agent List