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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% |
Investment property for sale in Mansfield at 609 Joy Ln, Mansfield, TX, 76063 uses $115,694 cash to close to unlock $2,161/yr annual cash flow and $180/mo monthly cash flow. Total monthly income runs $2,744/mo, and a $1,708/mo payment keeps the spread at $180/mo. Purchase price stands at $349,000, and rental yield measures 9.43% with $2,744/mo rent. Return on cash invested shows 21.78% in year one, and 5% annual appreciation builds toward $96,422 over five years. Five-year ROI reaches 114.41% and total cumulative return in cash records $132,360. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,744/mo property income covering a $1,708/mo payment rather than investor’s personal income.
Single Family
Built in 2000
6,011 sqft lot
$N/A/sqft
$80 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 |
|---|---|---|
| 2024-12-06 | Price change | $349,000 |
| 2024-11-21 | Price change | $355,000 |
| 2024-10-29 | Price change | $362,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | $6700.60 | 3.61% | $294,638 | 5.23% |
| 2023-12-27 | $6467.06 | 0.27% | $280,000 | 12.58% |
| 2022-12-27 | $6449.49 | 5.51% | $248,708 | 9.52% |
Listed by: Chuanhua Zhou • Mersal Realty
Mls Name: NTREIS
Mls ID: #20758276
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.
