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B+
NoAgentList RatingHow are grades calculated? Info

$347,000

1602 Monte Carlo Dr, Mansfield, TX, 76063

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,861 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$0.99 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Oven, Microwave, Plumbed For Ice Maker, Refrigerator
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size6,948 sqft

Building Information

Year Built2004
Stories1
Garage Spaces2

Land Information

APN2181-5-16
Lot Number16
SubdivisionBelle Meade Addition
Land UseResidential
Legal DescriptionBELLE MEADE ADDITION BLOCK 5 LOT 16
Census Tract111306
Assessed Land Value$70,000
Assessed Improvement Value$271,092
Assessment Year2025

About this property

This gorgeous First Texas custom home located in the Mansfield ISD subdivision. Offer an excellent open floor plan with vaulted ceilings. Hardwood floors, spacious living room with cozy fireplace, and so much more. Large Master bedroom located downstairs. Two other bedrooms on a split plan. Gourmet Kitchen newly upgraded flooring and countertops have stainless steel appliances. The beautiful, covered back porch is great for relaxing and BBQ. The MISD schools are within walking distance. Easy access to Highway 287, located near shopping centers and restaurants. Home is in pristine condition!

Investor Tools

Property Icon
$347,000
Estimated Property Value
$284,900Estimated Mortgage Balance
$66,691Estimated Equity
18% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,082 /month
Positive
Cash Flow Estimate:
$694 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$791/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,757
$341,092
2025
$70,000
$271,092
$341,092
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,757
$341,092

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Freedom Mortgage Corp
Fha
$284,900
Yes
First
Jun 6, 2025
Jul 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$280,309
$66,691
19%
81%
$1,709/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,420/mo
$1,709/mo
+$711/mo
8.4%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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.

Explore Texas Explore This Area
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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1602 Monte Carlo Dr | Property Details | No Agent List