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$472,000

305 Kings Way Drive B, Mansfield, TX, 76063

Off MarketInfo
Beds6 Beds
Baths4 Bath
Baths2,128 Sq Ft
DuplexDuplex
Year BuiltBuilt in 2008

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms Full 4Bathrooms Full 4
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Microwave, Refrigerator
FlooringLaminate

Exterior

Lot Size8,377 sqft

Building Information

Year Built2008
Stories1

Land Information

APN6137-1-20
Lot Number20
SubdivisionCambric Park
Land UseResidential
Legal DescriptionCAMBRIC PARK BLOCK 1 LOT 20
Census Tract111309
Assessed Land Value$55,000
Assessed Improvement Value$265,243
Assessment Year2025

About this property

**MULTIPLE OFFERS RECEIVED** --please submit all offers by 10a, March 20th -- Turnkey Income-Producing FULL Duplex – Leased at Market Rent! An incredible investment opportunity awaits! This newly renovated duplex offers two spacious units, each featuring 3 bedrooms, 2 bathrooms, private driveways, and fenced yards—ideal for tenants seeking comfort and convenience. Recent upgrades include new flooring, countertops, sinks, and fresh paint throughout. Each unit is equipped with a refrigerator, dishwasher, stove, and microwave, ensuring a hassle-free rental experience. Unit A: Leased at $1890 per month Unit B: Leased at $1895 per month. -- DO NOT DISTURB TENANTS. All showings will require proof of funding to schedule an appointment.-- Portfolio Sale: #20870700 - 303 #20869644 -305 #20869651 -315 #20869660 -Haswell Contact me today for more information!

Investor Tools

Property Icon
$472,000
Estimated Property Value
$0Estimated Mortgage Balance
$163,019Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,832 /month
Positive
Cash Flow Estimate:
$944 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$804/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,283
$320,243
2025
$55,000
$265,243
$320,243
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,283
$320,243

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The Loan Store Inc
Conventional
$315,000
No
First
Apr 18, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$308,981
$163,019
34%
65%
$1,889/mo

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.

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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305 Kings Way Drive B | Property Details | No Agent List