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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 Mansfield at 3219 Ridge Trace Cir, Mansfield, TX, 76063 priced at $539,900 converts $6,262/mo rent into $2,302/mo cash flow after a $2,643/mo obligation. Total monthly income equals $6,262/mo, and annual cash flow totals $27,623/yr on $177,627 invested. Return on cash invested prints 35.61% in year one, and rental yield reads 13.92% against a $539,900 entry. Equity gained on principal adds $3,484/yr, while 5% annual appreciation compiles into $149,164 by year five. Five-year ROI reaches 188.52% and total cumulative return in cash sums $334,867. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,262/mo property income covering a $2,643/mo payment, not borrower’s personal income.
Single Family
Built in 2005
0.28 Acres lot
$N/A/sqft
$94 annually HOA
Neighborhood data shown for ZIP Code: 76063, Mansfield, TX area.
| 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 |
Residential
31,625
Single Family
24,975
Multi-Family
6,650
Businesses
2,770
Date | Event | Price |
|---|---|---|
| 2024-07-26 | Price change | $539,900 |
| 2024-07-19 | Listed for sale | $550,000 |
| 2020-12-29 | Sold | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-14 | $10309.52 | -8.43% | $524,858 | 13.50% |
| 2022-08-14 | $11258.63 | 7.13% | $462,436 | 18.45% |
| 2021-08-14 | $10509.72 | 13.91% | $390,420 | 8.15% |
Listed by: Preston Bauman • Nelson Realty
Mls Name: NTREIS
Mls ID: #20679059
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.
