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$496,000

NAL Estimated Property Value

311 Kings Way Drive, Mansfield, TX, 76063

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths2,328 Sq Ft
TriplexTriplex
price_per_sqft$156.79 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

BankruptcyOff-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range

Exterior

Lot Size4,953 sqft

Building Information

Year Built1985
Stories2

Land Information

APN6137-1-17R1B
Lot Number17R1B
SubdivisionCambric Park
Land UseResidential
Legal DescriptionCAMBRIC PARK BLOCK 1 LOT 17R1B
Census Tract111309
Assessed Land Value$55,000
Assessed Improvement Value$145,000
Assessment Year2025

About this property

Highest and BEST Monday by 6PM....Fantastic Triplex in highly sought after area. Very high demand and occupancy history. Property is in good shape, no deferred maintenance. All units are identical. 1.5 story. Full 2 bedroom and 2 bath with fenced backyards, full size Washer and Dryer. Individual meters for water and electric paid by tenants, no gas. owner pays front yard mowing only. Each units has own central heat and air conditioning.

Investor Tools

Property Icon
$496,000
Estimated Property Value
$368,957Estimated Mortgage Balance
$127,043Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,976 /month
Positive
Cash Flow Estimate:
$992 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$629/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,071
$200,000
2025
$55,000
$145,000
$200,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,071
$200,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ensure Home Loans Llc
Conventional
$375,000
No
First
Jun 20, 2025
Jul 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$368,957
$127,043
25%
74%
$2,249/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,000/mo
$2,249/mo
+$751/mo
7.3%

City: Mansfield

311 Kings Way Drive | Property Details | No Agent List