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$291,000

NAL Estimated Property Value

1509 Fern Dr, Mansfield, TX, 76063

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,700 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.35 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater

Exterior

Lot Size5,998 sqft

Building Information

Year Built2001
Stories1
Garage Spaces2

Land Information

APN13668-2-8
Lot Number8
SubdivisionFern Oak Addition
Land UseResidential
Legal DescriptionFERN OAK ADDITION BLOCK 2 LOT 8
Census Tract111306
Assessed Land Value$50,000
Assessed Improvement Value$172,792
Assessment Year2025

About this property

Beautiful 3 bedroom 2 bathroom home in the highly acclaimed Mansfield ISD. No Carpet at all, all new luxurious vinyl flooring throughout. Open and airy floorplan with plenty of space for everyone in the family. Split floorplan and very spacious secondary rooms, all with generous walkin closets. Master is huge, sitting space and big spa like bathroom suite. Wonderful backyard and a covered patio, will be perfect for BBQ and family gatherings. Excellent location with close proximity to great schools, shopping, restaurants and major highways. Much better than renting an apartment, come see this great home before it's gone! Applications are through mysmartmove.com

Investor Tools

Property Icon
$291,000
Estimated Property Value
$199,948Estimated Mortgage Balance
$91,052Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,746 /month
Positive
Cash Flow Estimate:
$582 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$667/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,549
$222,792
2025
$50,000
$172,792
$222,792
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,549
$222,792

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$223,250
No
First
Dec 11, 2020
Jan 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$199,948
$91,052
31%
69%
$1,339/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,420/mo
$1,339/mo
+$1,081/mo
10.0%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Mansfield

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1509 Fern Dr | Property Details | No Agent List