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$28,480

NAL Estimated Property Value

Fm 787, Cleveland, TX, 77327

Off MarketInfo
Baths0 Bath
Single Family ResidenceSingle Family Residence

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size113.90 acres

Land Information

APNR262710
SubdivisionJ F Derumayor
Land UseAgriculture / Farming
Legal Description000103 J F DERUMAYOR, TRACT 603, ACRES 113.9
Assessed Land Value$28,480
Assessment Year2025

About this property

Discover the perfect 5-acre lot to build your dream home or establish a thriving commercial property! Located just 10 minutes away from Downtown Cleveland, this prime piece of real estate offers convenience and potential. The main entrance is right on FM 787 with no traffic, ensuring easy access. Plus, rest assured knowing the lot is NOT in a flood zone. With a lot of development in the area, this property promises growth and equity gains for the next owner. Don't miss out on this fantastic opportunity!

Investor Tools

Property Icon
$28,480
Estimated Property Value
$182,343Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$900 /month
Positive
Cash Flow Estimate:
$300 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$44/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$382
$28,480
2025
$28,480
N/A
$732,690
No

Tax History

Year
Tax Paid
Assessed Value
2024
$382
$28,480

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Capital Farm Credit Aca
Open End Mortgage / Open End With Future Advance Clause
$201,600
No
First
May 14, 2021
Jun 2040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$182,343
N/A
0%
640%
$1,209/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.

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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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Fm 787 | Property Details | No Agent List