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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 613 Sherman Dr, Mansfield, TX, 76063 priced at $269,000 converts $2,155/mo rent into $171/mo cash flow after a $1,317/mo obligation. Total monthly income equals $2,155/mo, and annual cash flow totals $2,048/yr on $89,174 invested. Return on cash invested prints 22.21% in year one, and rental yield reads 9.61% against a $269,000 entry. Equity gained on principal adds $1,736/yr, while 5% annual appreciation compiles into $74,320 by year five. Five-year ROI reaches 116.71% and total cumulative return in cash sums $104,075. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,155/mo property income covering a $1,317/mo payment, not borrower’s personal income.
Single Family
Built in 1986
8,363 sqft lot
$N/A/sqft
No 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 |
|---|---|---|
| 2024-11-15 | Price change | $269,000 |
| 2024-10-25 | Price change | $275,000 |
| 2024-09-23 | Listed for sale | $280,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | $5317.62 | -2.20% | $233,826 | -0.67% |
| 2023-12-27 | $5437.00 | 10.45% | $235,402 | 24.01% |
| 2022-12-27 | $4922.65 | 4.78% | $189,829 | 8.77% |
Listed by: Joseph Cobos • Dynamic Real Estate Group
Mls Name: NTREIS
Mls ID: #20733054
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.
