42 Terrapin Trl, Mansfield, TX, 76063 | $2,542/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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42 Terrapin Trl, Mansfield, TX, 76063 | $2,542/mo Cash Flow | Ziffy

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NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Mansfield at 42 Terrapin Trl, Mansfield, TX, 76063 offers $3,430/mo rent that, after a $611/mo payment, leaves $2,542/mo cash flow. Total monthly income is $3,430/mo, and annual cash flow is $30,506/yr on $41,404 cash. Return on cash invested measures 93.59% in year one, and rental yield stands at 32.95% at a $124,900 entry. Equity gained on principal adds $806/yr while 5% annual appreciation compounds into $34,508 by year five. Five-year ROI records 499.25% and total cumulative return in cash reaches $206,710. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,430/mo property income versus a $611/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Manufactured

Built in 2006

N/A lot

$N/A/sqft

No HOA

More details about the property

Discover your "Dream" home at 42 Terrapin Tr located at the Oak Hill Village Mobile Home Community in Mansfield, TX. This spacious 3-bedroom, 2-bathroom singlewide mobile home, measuring 18x76 feet, offers modern amenities and a comfortable layout. This home features vinyl flooring and crown molding throughout, a new refrigerator and microwave, double closets in the master suite, and a linen closet with double vanities in the master bathroom. The home is well-lit with recessed lights and includes a remote-controlled fan in the family room. The kitchen is equipped with a center island, perfect for meal preparation and casual dining. Enjoy outdoor living with covered patios at the front and back, complemented by a front deck (8x22 feet) and a back deck (10x10 feet). The property also includes an 8x12 shed and comes with a pre-installed ramp for easy accessibility. The backyard is fully fenced, providing privacy and security, while extra insulation and a two-year-old water heater enhance energy efficiency. Gutters surround the roof for effective rainwater management. Conveniently located near Town Park, Katherine Rose Memorial Park, Watson Branch Park, and Donald R. Barg Park, this home offers a perfect blend of comfort, functionality, and proximity to recreational areas. Mortgage payment estimated at $2024.98 based on a 9% interest rate with 5% down payment. Lot rent, insurance and taxes are included. Virtual Tour and Floor Plan Available on Zillow.

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