504 Bales St · Cleburne, TX 76033

$169,900

2 bd · 1.0 ba · 1,020 sqft · SingleFamily public records · 93 Days on market

Built 1977 8,189 sqft lot $167/sqft · 7% below area Est $182k · 7% under

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Why this score? — see what drove the D- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +10.6/15.0
• Cash flow +8.2/30.0
• 1% rule +3.5/10.0
• Livability +3.4/5.0
• Schools +2.9/10.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• DSCR +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

New roof being installed before closing. Foundation work and previous buyer requested repairs complete! Delightful 3-bedroom, 1-bath home in the heart of Cleburne, TX. This inviting residence is a great opportunity for anyone looking for a move-in-ready home with thoughtful updates. Step inside to find a beautifully refinished interior featuring freshly painted walls and new vinyl plank flooring that flows seamlessly throughout the home. New light fixtures throughout. New stainless oven in kitchen. Cute front porch and large backyard provides endless possibilities for outdoor activities, gardening, or simply unwinding in your own space. Whether you're dreaming of a garden, a playground, or an outdoor entertaining area, the expansive yard can accommodate your vision. Complete with a 1 car garage for storage and convenience, this property is not just a house, it's a home where you can create lasting memories. This affordable option is cute, clean and ready for it's new owner.

Key facts

• Cute front porch
• New stainless oven
• Refinished interior

Tags

• REFINISHED INTERIOR
• FRESHLY PAINTED WALLS
• NEW VINYL PLANK FLOORING
• NEW LIGHT FIXTURES
• NEW STAINLESS OVEN
• CUTE FRONT PORCH

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $170k.

Deal economics

• At list price, monthly cash flow is $-157 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $142k (16.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $144k (15.4% below list).
• Recommended offer: $142k (16.3% below list) — sets the bar for cash-flow.
• Cap rate 5.2% vs local median 3.6% in Cleburne — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 68/100 on livability (#460 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment C-, schools F, amenities F.
• Cleburne ISD (town): math 34% / reading 33% proficiency, ranked #537 of 826 in TX (top 65%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents soft (-0.8%/yr); 665 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 2,152 units permitted in Johnson County in 2024 (76 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Johnson County population projected at +24% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 93 days — a 9% lower offer ($155k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $142,147 (16.3% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 93 days. Have you received any prior offers? Is the seller open to a 16% concession, seller financing, or rate buy-down credit?
3. Built in 1977 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.85% ✗
• Cap rate: 5.18%
• Cash-on-cash: -3.96%
• DSCR: 0.82
• GRM: 9.9

CMA / ARV

• ARV (median comp): $182,257
• List price: $169,900
• Delta: -6.78%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
701 Poindexter Ave	0.10mi	2/1.0	1,090 (+7%)	3mo	$170,000	$156	81
704 Graham St	0.21mi	2/2.0	1,008 (-1%)	5mo	$200,000	$198	80
402 Turner St	0.19mi	2/1.0	966 (-5%)	7mo	$110,000	$114	76
308 Poindexter Ave	0.24mi	3/2.0 (+1)	1,048 (+3%)	3mo	$197,000	$188	72
418 Marengo St	0.17mi	3/1.0 (+1)	1,096 (+8%)	4mo	$167,500	$153	72
618 Woodard Ave	0.63mi	2/1.0	1,048 (+3%)	4mo	$135,000	$129	63
1007 Granbury St	0.22mi	3/2.0 (+1)	1,090 (+7%)	8mo	$167,000	$153	63
1210 N Robinson St	0.71mi	3/1.0 (+1)	1,024 (+0%)	3mo	$115,000	$112	59
705 N Pendell Ave	0.61mi	3/1.0 (+1)	1,064 (+4%)	10mo	$198,500	$187	51
542 W Wilson St	0.64mi	3/2.0 (+1)	1,163 (+14%)	0mo	$185,000	$159	37
110 Glen Rose Ave	0.62mi	3/2.0 (+1)	1,167 (+14%)	1mo	$210,000	$180	37
1715 Raylene Dr	0.68mi	3/2.0 (+1)	1,120 (+10%)	8mo	$209,000	$187	36

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -26.7%
• Equity multiple: 0.12×
• Total profit: $-41,654
• Equity at exit: $25,333

10-year hold

• IRR: -41.4%
• Equity multiple: -0.37×
• Total profit: $-65,047
• Equity at exit: $14,690

Cash invested: $47,572 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Texas: 87 Strongly Landlord-Friendly · R+5
• County: — inherits STATE
• City: — inherits STATE

3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.

Methodology + full state rankings →

ZIP-level market 76033

• Rents YoY: -0.8%
• Active inventory: 665
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $1,437 high
• Mortgage (P&I): −$891
• Tax from tax record: −$331 /mo · $3,967/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$302
• Net cashflow: $-157

Break-even live

Break-even rent $1,636

Max offer price $142,147

Occupancy floor —

Sensitivity live

Price	-10% $-61	-5% $-109	+0% $-157	+5% $-205	+10% $-253
Rent	-10% $-271	-5% $-214	+0% $-157	+5% $-100	+10% $-44
Rate	-1.0pp $-72	-0.5pp $-114	base $-157	+0.5pp $-201	+1.0pp $-246

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $42,475
• Closing costs: $5,097
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1405 Granbury St Cleburne, TX	3.0	1.0	1278	$1,545	$1.21	25d	1	0.17mi
1005 Granbury St Unit A Cleburne, TX	3.0	2.0	1362	$2,050	$1.51	25d	1	0.22mi
1507 Granbury St Cleburne, TX	3.0	2.0	1140	$1,811	$1.59	25d	1	0.24mi
514 Euclid St Cleburne, TX	3.0	2.0	1152	$1,595	$1.38	45d	1	0.25mi
1606 Granbury St Unit A Cleburne, TX	3.0	2.0	1289	$1,650	$1.28	14d	1	0.29mi
400 Phillips St Cleburne, TX	2.0–3.0	1.0–1.5	1000	$1,255	$1.25	0d	4	0.31mi
1108 Poindexter Ave Cleburne, TX	3.0	1.0	1300	$1,550	$1.19	45d	1	0.35mi
1005 N Buffalo Ave Cleburne, TX	3.0	1.0	1146	$1,500	$1.31	45d	1	0.35mi
1005 N Buffalo Ave Cleburne, TX	3.0	1.0	1146	$1,500	$1.31	25d	1	0.35mi
1005 N Buffalo Ave Cleburne, TX	3.0	1.0	1146	$1,500	$1.31	4d	1	0.35mi
1315 Joslin St Cleburne, TX	3.0	2.0	1294	$1,595	$1.23	8d	1	0.41mi
226 Seclusion Dr Cleburne, TX	3.0–4.0	2.0	1641	$2,205	$1.34	0d	1	0.46mi
805 N Douglas Ave Cleburne, TX	3.0	2.0	1460	$1,999	$1.37	45d	1	0.48mi
521 Woodard Ave Unit One Cleburne, TX	2.0	1.0	1350	$1,000	$0.74	45d	1	0.53mi
1904 Starling Ct Cleburne, TX	2.0	1.0	1007	$1,150	$1.14	45d	1	0.54mi
1904 Starling Ct Unit 1 Cleburne, TX	2.0	1.0	1007	$1,150	$1.14	22d	1	0.54mi
1108 Williams Ave Unit H Cleburne, TX	2.0	1.0	900	$900	$1.00	25d	1	0.66mi
1106 Williams Ave Unit D Cleburne, TX	2.0	1.0	900	$900	$1.00	25d	1	0.67mi
1110 Williams Ave Unit C Cleburne, TX	2.0	1.0	900	$900	$1.00	45d	1	0.68mi
712 N Main St Cleburne, TX	1.0	1.0	1155	$915	$0.79	25d	1	0.69mi
712 N Main St Cleburne, TX	1.0	1.0	1155	$915	$0.79	45d	1	0.69mi
1311 Manor Dr Cleburne, TX	3.0	2.0	1492	$1,825	$1.22	25d	1	0.69mi
103 May Ave Cleburne, TX	3.0	2.0	1262	$1,795	$1.42	7d	1	0.73mi
122 Ramsey Ave Cleburne, TX	2.0	1.0	880	$1,050	$1.19	0d	1	0.74mi
122 Ramsey St #124 Cleburne, TX	2.0	1.0	880	$1,050	$1.19	23d	1	0.74mi
104 May Ave Cleburne, TX	3.0	2.0	1164	$1,550	$1.33	45d	1	0.74mi
112 W Wilson St Cleburne, TX	2.0	1.0	1002	$1,400	$1.40	45d	1	0.78mi
1424 Phillips St Cleburne, TX	3.0	1.5	1360	$1,795	$1.32	45d	1	0.79mi
907 Hodge St Cleburne, TX	2.0	1.0	912	$1,450	$1.59	4d	1	0.84mi
1610 N Anglin St Cleburne, TX	3.0	1.0	900	$1,500	$1.67	20d	1	0.85mi
110 E Wilson St Unit B Cleburne, TX	3.0	2.5	1400	$1,900	$1.36	25d	1	0.87mi
901 N Border St Unit A Cleburne, TX	2.0	1.0	900	$950	$1.06	45d	1	0.88mi
612 N Robinson St Cleburne, TX	3.0	2.5	1311	$2,200	$1.68	45d	1	0.91mi
909 W Wardville St Cleburne, TX	2.0	1.0	847	$1,350	$1.59	45d	1	0.92mi
815 Woodard Ave Cleburne, TX	1.0–2.0	1.0–2.0	793	$1,332	$1.68	0d	8	0.95mi
431 N Wilhite St Unit 431 Cleburne, TX	2.0	1.0	750	$1,195	$1.59	21d	1	0.96mi
1312 Ridge Run St Unit A Cleburne, TX	2.0	2.0	992	$1,250	$1.26	25d	1	0.98mi
1705 N Robinson St Cleburne, TX	3.0	1.5	1076	$1,450	$1.35	0d	1	0.99mi
1705 N Robinson St Cleburne, TX	3.0	2.0	1076	$1,450	$1.35	25d	1	0.99mi
203 Willana Ct Cleburne, TX	3.0	2.0	1100	$1,700	$1.55	22d	1	1.00mi

Listing history 28 events

1. 2026-06-15
   status $169,900 Pending 93 DOM
2. 2026-06-15
   days on market $169,900 Active Option Contract 93 DOM
3. 2026-06-13
   days on market $169,900 Active Option Contract 91 DOM
4. 2026-06-09
   days on market $169,900 Active Option Contract 87 DOM
5. 2026-06-08
   days on market $169,900 Active Option Contract 86 DOM
6. 2026-06-07
   statusdays on market $169,900 Active Option Contract 85 DOM
7. 2026-06-04
   days on market $169,900 Active 82 DOM
8. 2026-06-03
   days on market $169,900 Active 81 DOM
9. 2026-06-02
   days on market $169,900 Active 80 DOM
10. 2026-06-01
    days on market $169,900 Active 79 DOM
11. 2026-05-31
    days on market $169,900 Active 78 DOM
12. 2026-05-14
    status Active 997-char remark

    Show marketing remark (997 chars)

    New roof being installed before closing. Foundation work and previous buyer requested repairs complete! Delightful 3-bedroom, 1-bath home in the heart of Cleburne, TX. This inviting residence is a great opportunity for anyone looking for a move-in-ready home with thoughtful updates. Step inside to find a beautifully refinished interior featuring freshly painted walls and new vinyl plank flooring that flows seamlessly throughout the home. New light fixtures throughout. New stainless oven in kitchen. Cute front porch and large backyard provides endless possibilities for outdoor activities, gardening, or simply unwinding in your own space. Whether you're dreaming of a garden, a playground, or an outdoor entertaining area, the expansive yard can accommodate your vision. Complete with a 1 car garage for storage and convenience, this property is not just a house, it's a home where you can create lasting memories. This affordable option is cute, clean and ready for it's new owner.

13. 2026-05-13
    historical Active Option Contract 997-char remark

    Show marketing remark (997 chars)

    New roof being installed before closing. Foundation work and previous buyer requested repairs complete! Delightful 3-bedroom, 1-bath home in the heart of Cleburne, TX. This inviting residence is a great opportunity for anyone looking for a move-in-ready home with thoughtful updates. Step inside to find a beautifully refinished interior featuring freshly painted walls and new vinyl plank flooring that flows seamlessly throughout the home. New light fixtures throughout. New stainless oven in kitchen. Cute front porch and large backyard provides endless possibilities for outdoor activities, gardening, or simply unwinding in your own space. Whether you're dreaming of a garden, a playground, or an outdoor entertaining area, the expansive yard can accommodate your vision. Complete with a 1 car garage for storage and convenience, this property is not just a house, it's a home where you can create lasting memories. This affordable option is cute, clean and ready for it's new owner.

14. 2026-04-20
    price $174,500 997-char remark

    Show marketing remark (997 chars)

    New roof being installed before closing. Foundation work and previous buyer requested repairs complete! Delightful 3-bedroom, 1-bath home in the heart of Cleburne, TX. This inviting residence is a great opportunity for anyone looking for a move-in-ready home with thoughtful updates. Step inside to find a beautifully refinished interior featuring freshly painted walls and new vinyl plank flooring that flows seamlessly throughout the home. New light fixtures throughout. New stainless oven in kitchen. Cute front porch and large backyard provides endless possibilities for outdoor activities, gardening, or simply unwinding in your own space. Whether you're dreaming of a garden, a playground, or an outdoor entertaining area, the expansive yard can accommodate your vision. Complete with a 1 car garage for storage and convenience, this property is not just a house, it's a home where you can create lasting memories. This affordable option is cute, clean and ready for it's new owner.

15. 2026-04-04
    status Active 997-char remark

    Show marketing remark (997 chars)

    New roof being installed before closing. Foundation work and previous buyer requested repairs complete! Delightful 3-bedroom, 1-bath home in the heart of Cleburne, TX. This inviting residence is a great opportunity for anyone looking for a move-in-ready home with thoughtful updates. Step inside to find a beautifully refinished interior featuring freshly painted walls and new vinyl plank flooring that flows seamlessly throughout the home. New light fixtures throughout. New stainless oven in kitchen. Cute front porch and large backyard provides endless possibilities for outdoor activities, gardening, or simply unwinding in your own space. Whether you're dreaming of a garden, a playground, or an outdoor entertaining area, the expansive yard can accommodate your vision. Complete with a 1 car garage for storage and convenience, this property is not just a house, it's a home where you can create lasting memories. This affordable option is cute, clean and ready for it's new owner.

16. 2026-03-31
    status Pending 997-char remark

    Show marketing remark (997 chars)

    New roof being installed before closing. Foundation work and previous buyer requested repairs complete! Delightful 3-bedroom, 1-bath home in the heart of Cleburne, TX. This inviting residence is a great opportunity for anyone looking for a move-in-ready home with thoughtful updates. Step inside to find a beautifully refinished interior featuring freshly painted walls and new vinyl plank flooring that flows seamlessly throughout the home. New light fixtures throughout. New stainless oven in kitchen. Cute front porch and large backyard provides endless possibilities for outdoor activities, gardening, or simply unwinding in your own space. Whether you're dreaming of a garden, a playground, or an outdoor entertaining area, the expansive yard can accommodate your vision. Complete with a 1 car garage for storage and convenience, this property is not just a house, it's a home where you can create lasting memories. This affordable option is cute, clean and ready for it's new owner.

17. 2026-03-22
    historical Active Option Contract 997-char remark

    Show marketing remark (997 chars)

    New roof being installed before closing. Foundation work and previous buyer requested repairs complete! Delightful 3-bedroom, 1-bath home in the heart of Cleburne, TX. This inviting residence is a great opportunity for anyone looking for a move-in-ready home with thoughtful updates. Step inside to find a beautifully refinished interior featuring freshly painted walls and new vinyl plank flooring that flows seamlessly throughout the home. New light fixtures throughout. New stainless oven in kitchen. Cute front porch and large backyard provides endless possibilities for outdoor activities, gardening, or simply unwinding in your own space. Whether you're dreaming of a garden, a playground, or an outdoor entertaining area, the expansive yard can accommodate your vision. Complete with a 1 car garage for storage and convenience, this property is not just a house, it's a home where you can create lasting memories. This affordable option is cute, clean and ready for it's new owner.

18. 2026-03-10
    listed $175,000 Active 997-char remark

    Show marketing remark (997 chars)

    New roof being installed before closing. Foundation work and previous buyer requested repairs complete! Delightful 3-bedroom, 1-bath home in the heart of Cleburne, TX. This inviting residence is a great opportunity for anyone looking for a move-in-ready home with thoughtful updates. Step inside to find a beautifully refinished interior featuring freshly painted walls and new vinyl plank flooring that flows seamlessly throughout the home. New light fixtures throughout. New stainless oven in kitchen. Cute front porch and large backyard provides endless possibilities for outdoor activities, gardening, or simply unwinding in your own space. Whether you're dreaming of a garden, a playground, or an outdoor entertaining area, the expansive yard can accommodate your vision. Complete with a 1 car garage for storage and convenience, this property is not just a house, it's a home where you can create lasting memories. This affordable option is cute, clean and ready for it's new owner.

19. 2025-10-01
    soldstatus Closed 263-char remark

    Show marketing remark (263 chars)

    This home is ready for your vision! Looking for an investment opportunity or willing to do some work? This cute and cozy 3 bedroom 1 bath home with a 1 car garage would be perfect and is priced just right! Come take a look and see what all this home has to offer!

20. 2025-10-01
    soldstatus

    Show marketing remark (263 chars)

    This home is ready for your vision! Looking for an investment opportunity or willing to do some work? This cute and cozy 3 bedroom 1 bath home with a 1 car garage would be perfect and is priced just right! Come take a look and see what all this home has to offer!

21. 2025-08-25
    status Pending 263-char remark

    Show marketing remark (263 chars)

    This home is ready for your vision! Looking for an investment opportunity or willing to do some work? This cute and cozy 3 bedroom 1 bath home with a 1 car garage would be perfect and is priced just right! Come take a look and see what all this home has to offer!

22. 2025-07-12
    price $139,900 263-char remark

    Show marketing remark (263 chars)

    This home is ready for your vision! Looking for an investment opportunity or willing to do some work? This cute and cozy 3 bedroom 1 bath home with a 1 car garage would be perfect and is priced just right! Come take a look and see what all this home has to offer!

23. 2025-06-17
    price $144,900 263-char remark

    Show marketing remark (263 chars)

    This home is ready for your vision! Looking for an investment opportunity or willing to do some work? This cute and cozy 3 bedroom 1 bath home with a 1 car garage would be perfect and is priced just right! Come take a look and see what all this home has to offer!

24. 2025-05-22
    price $146,900 263-char remark

    Show marketing remark (263 chars)

    This home is ready for your vision! Looking for an investment opportunity or willing to do some work? This cute and cozy 3 bedroom 1 bath home with a 1 car garage would be perfect and is priced just right! Come take a look and see what all this home has to offer!

25. 2025-04-23
    price $147,900 263-char remark

    Show marketing remark (263 chars)

    This home is ready for your vision! Looking for an investment opportunity or willing to do some work? This cute and cozy 3 bedroom 1 bath home with a 1 car garage would be perfect and is priced just right! Come take a look and see what all this home has to offer!

26. 2025-03-13
    price $149,900 263-char remark

    Show marketing remark (263 chars)

    This home is ready for your vision! Looking for an investment opportunity or willing to do some work? This cute and cozy 3 bedroom 1 bath home with a 1 car garage would be perfect and is priced just right! Come take a look and see what all this home has to offer!

27. 2025-02-10
    listed $154,900 Active 263-char remark

    Show marketing remark (263 chars)

    This home is ready for your vision! Looking for an investment opportunity or willing to do some work? This cute and cozy 3 bedroom 1 bath home with a 1 car garage would be perfect and is priced just right! Come take a look and see what all this home has to offer!

28. 1998-04-24
    soldstatus

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast TX · Resets to sale price

• Current annual tax: $3,967 · $331/mo
• Projected year-2 tax: $3,967 · $331/mo
• Expected delta: $0/yr ($0/mo · -0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 7/10 Severe 7 d/yr ≥110°F today · 23 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,244
• − Mortgage interest: −$9,517
• − Property taxes: −$3,967
• − Insurance: −$850
• − Repairs & maintenance: −$1,380
• − Management: −$1,380
• − Depreciation: −$4,943
• Taxable loss: −$4,791
• Est. tax savings @ 24.0%: +$1,150
• After-tax cash flow: $-735/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Cleburne ISD
• NCES district ID: 4814310
• Math proficiency: 34% ▼ -2.00%
• Reading proficiency: 33% ▼ -2.00%
• Median HH income: $48,788
• Composite: 29.0/100
• National rank: #6618
• State rank: #537 of 826 in TX

Livability — Cleburne

• Score: 68/100
• State rank: #460
• US rank: #9292

Category grades

Amenities F Commute F Cost of living A+ Crime B- Employment C- Housing A+ Health & safety A+ User ratings D-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Cleburne, TX
• County: Johnson County · 147,987 people
• City population: 29,538
• Metro: Dallas-Fort Worth-Arlington, TX
• Population (ZIP): 29,538
• Household income: $76,292
• Rent vs Own: 37.4% rent · 62.6% own
• Severe rent burden: 927.0

Population outlook (Johnson County) Hauer SSP2

• Today (2025): 179,678 people
• By 2030: 189,208 · +5.3%
• By 2040: 207,261 · +15.4%
• By 2050: 223,064 · +24.1%
• By 2075: 259,979 · +44.7%
• By 2100: 275,395 · +53.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (64%)
• Race & ethnicity: White 64% Hispanic / Latino 26% Two or more races 15% Black 4% Native American 1%
• Hispanic origin (detail): Mexican 23%
• Common ancestry: Slovak 2% Italian 2% Portuguese 1%
• Foreign-born: 8% · Canada, Guatemala, Vietnam
• Languages at home: 81% English-only · Spanish 17% Other Asian/Pacific 2%

Political lean MEDSL · Johnson

• 2024 margin: Solid R (+51.4) · D 23.9% · R 75.3%
• 2008→2024 swing: -3.9pp toward R · 2008: -47.5pp · 2024: -51.4pp
• All cycles: 2024: R+51.4 2020: R+53.0 2016: R+58.3 2012: R+55.6 2008: R+47.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -202.75%
• Current HPI: 246.0029
• Rent YoY: ▼ -0.83%
• Metro: Dallas-Fort Worth-Arlington, TX
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

Industry mix (Fortune 500 HQ in TX)

Industry	F500 HQs	Revenue
▸Energy	16	$1,198B
▸Technology	5	$198B
▸Engineering / Construction	4	$72B
▸Energy Services	3	$60B
▸Utilities	3	$41B
▸Healthcare	2	$330B

Price history

+12.7% since first listed

17 events — show timeline

• 2026-05-14 Relisted — NTREIS
• 2026-05-13 Contingent — NTREIS
• 2026-04-20 Price Changed $174,500 NTREIS
• 2026-04-04 Relisted — NTREIS
• 2026-03-31 Pending — NTREIS
• 2026-03-22 Contingent — NTREIS
• 2026-03-10 Listed $175,000 NTREIS
• 2025-10-01 Sold (Public Records) — Public Records
• 2025-10-01 Sold (MLS) — NTREIS
• 2025-08-25 Pending — NTREIS
• 2025-07-12 Price Changed $139,900 NTREIS
• 2025-06-17 Price Changed $144,900 NTREIS
• 2025-05-22 Price Changed $146,900 NTREIS
• 2025-04-23 Price Changed $147,900 NTREIS
• 2025-03-13 Price Changed $149,900 NTREIS
• 2025-02-10 Listed $154,900 NTREIS
• 1998-04-24 Sold (Public Records) — Public Records

Property tax history

+8.2%/yr

Latest (2025): $3,967 · +1.5% YoY. Source: county tax records.