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$299,900

816 S Ridgeway Drive, Cleburne, TX, 76033

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,684 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$178.09 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Double Oven

Exterior

Exterior FeaturesPrivate Yard

Building Information

Year Built1972
Garage Spaces2

Land Information

APN126.3087.00880
Lot Number9
Land UseResidential
Legal DescriptionLOT 9 BLK 3 WILLOW CREEK
Census Tract131000
Assessed Land Value$65,000
Assessed Improvement Value$250,579
Assessment Year2025

About this property

Check out this wonderful home that has been prepped for new owners. There is a formal living room in the front that could serve as a fourth bedroom or office if desired. Oversized lot with huge oak tree. Stainless steel appliances and New granite countertops in the kitchen. The living room is oversized and sure to be the heart of the home. The long driveway leading back to the side entry garage offers extra parking opportunities. We think your buyers will love that all the popcorn ceilings have been removed and have a nice clean look now. That combined with all the carpet gone and luxury vinyl plank give the house a much cleaner and brighter welcoming feel.

Investor Tools

Property Icon
$315,579
Estimated Property Value
$0Estimated Mortgage Balance
$45,357Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,893 /month
Positive
Cash Flow Estimate:
$631 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$718/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,036
$315,579
2025
$65,000
$250,579
$315,579
No

Tax History

Year
Tax Paid
Assessed Value
2025
$7,036
$315,579

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ark-La-Tex Finance Services Llc
Fha
$289,987
Yes
First
Sep 27, 2022
Oct 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$270,222
$45,357
14%
86%
$1,739/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$1,739/mo
+$188/mo
7.3%

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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816 S Ridgeway Drive | Property Details | No Agent List