1516 Creekside DrMansfieldTX76063
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Mansfield at 1516 Creekside Dr, Mansfield, TX, 76063 uses $142,214 cash to close to unlock $2,053/yr annual cash flow and $171/mo monthly cash flow. Total monthly income runs $3,222/mo, and a $2,100/mo payment keeps the spread at $171/mo. Purchase price stands at $429,000, and rental yield measures 9.01% with $3,222/mo rent. Return on cash invested shows 21.35% in year one, and 5% annual appreciation builds toward $118,525 over five years. Five-year ROI reaches 111.81% and total cumulative return in cash records $159,013. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,222/mo property income covering a $2,100/mo payment rather than investor’s personal income.
Single Family
Built in 1994
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76063, Mansfield, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,107 (100%) |
| Owner Occupied HU | 21,430 (66.7%) |
| Renter Occupied HU | 9,297 (29.0%) |
| Vacant Housing Units | 1,380 ( 4.3%) |
| Median Home Value | $419,193 |
| Average Home Value | $450,082 |
Housing Distribution
Address Breakdown
Residential
31,625
Single Family
24,975
Multi-Family
6,650
Businesses
2,770
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