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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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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 506 E Willingham St, Cleburne, TX, 76031 priced at $189,900 converts $2,744/mo rent into $1,394/mo cash flow after a $929/mo obligation. Total monthly income equals $2,744/mo, and annual cash flow totals $16,729/yr on $62,952 invested. Return on cash invested prints 46.48% in year one, and rental yield reads 17.34% against a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation compiles into $52,466 by year five. Five-year ROI reaches 246.62% and total cumulative return in cash sums $155,249. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,744/mo property income covering a $929/mo payment, not borrower’s personal income.
Single Family
Built in 1998
7,361 sqft 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 |
|---|---|---|
| 2024-08-03 | Price change | $189,900 |
| 2024-07-18 | Listed for sale | $195,000 |
| 2009-11-08 | Listing removed | $79,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-13 | $2624.43 | -11.08% | $117,938 | N/A |
| 2022-08-13 | $2951.54 | -4.08% | $117,938 | N/A |
| 2021-08-13 | $3077.12 | 43.97% | $117,938 | 52.91% |
Listed by: Serenda Weathers • JPAR Burleson
Mls Name: NTREIS
Mls ID: #20671514
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.
