








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Rental property for sale in Cleburne at 404 Evans St, Cleburne, TX, 76031 priced at $260,000 converts $1,652/mo rent into after a $1,273/mo obligation. Total monthly income equals $1,652/mo. Return on cash invested prints 17.16% in year one, and rental yield reads 7.62% against a $260,000 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation compiles into $71,833 by year five. Five-year ROI reaches 89.35% and total cumulative return in cash sums $77,009. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,652/mo property income covering a $1,273/mo payment, not borrower’s personal income.
Single Family
Built in 2025
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76031, Cleburne, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,803 (100%) |
| Owner Occupied HU | 4,313 (63.4%) |
| Renter Occupied HU | 1,900 (27.9%) |
| Vacant Housing Units | 590 ( 8.7%) |
| Median Home Value | $260,172 |
| Average Home Value | $291,506 |
Residential
6,837
Single Family
6,676
Multi-Family
161
Businesses
386
Date | Event | Price |
|---|---|---|
| 2025-04-11 | Listed for sale | $260,000 |
| 2024-05-30 | Sold | N/A |
| 2024-05-29 | Pending sale | $45,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-11 | N/A | N/A | $43,000 | 82.98% |
| 2023-04-11 | $522.95 | -11.08% | $23,500 | N/A |
| 2022-04-11 | $588.12 | -4.08% | $23,500 | N/A |



Listed by: Ryan Studdard • Oak + Ash Realty
Mls Name: NTREIS
Mls ID: #20901120
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.