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$549,900

1830 Newt Patterson Rd, Mansfield, TX, 76063

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,740 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$316.03 / sqft
Year BuiltBuilt in 1958

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
AppliancesDishwasher, Disposal
FlooringCarpet, Tile

Exterior

Lot Size4.82 acres

Building Information

Year Built1958
Stories1
Garage Spaces2

Land Information

APNA1267-11B03
SubdivisionRockerfellow, Margaret Survey
Land UseResidential
Legal DescriptionROCKERFELLOW, MARGARET SURVEY ABSTRACT 1267 TRACT 11B03
Census Tract111306
Assessed Land Value$286,000
Assessed Improvement Value$215,971
Assessment Year2025

About this property

Come check out this gorgeous piece of land located in an extremely secluded, quiet, and growing city of Mansfield. Zoned single family residential and sitting on 5 acres, this is a perfect piece of land to build your dream home, develop, or invest for appreciation. As you walk towards the back of the property, there is an enormous red barn perfect for horses or other farm animals to qualify for an ag exemption. City water, city sewer, and electric are all available. The house located on the property either needs to be torn down or gutted. Come make an offer! Seller to retain mineral rights.

Investor Tools

Property Icon
$505,000
Estimated Property Value
$101,000Estimated Mortgage Balance
$406,849Estimated Equity
80% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,299 /month
Positive
Cash Flow Estimate:
$1,100 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$950/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,879
$501,971
2025
$286,000
$215,971
$501,971
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,879
$501,971

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sally Ann Sutterfield
Purchase Money Mortgage
$101,000
No
First
Oct 25, 2024
Oct 2025

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$98,151
$406,849
80%
19%
$606/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,420/mo
$606/mo
+$1,814/mo
5.8%

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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1830 Newt Patterson Rd | Property Details | No Agent List