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$649,900

503 Waterlane Dr, Mansfield, TX, 76063

Off MarketInfo
Beds5 Beds
Baths4 Bath
Baths3,550 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$183.07 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Double Oven, Gas Cooktop, Microwave, Plumbed For Ice Maker, Vented Exhaust Fan, Gas Water Heater
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesStorage
Lot Size11,400 sqft

Building Information

Year Built2006
Stories2
Garage Spaces2

Land Information

APN45285D-5-5
Lot Number5
SubdivisionWaterford Park - Mansfield
Land UseResidential
Legal DescriptionWATERFORD PARK - MANSFIELD BLOCK 5 LOT 5
Census Tract111319
Assessed Land Value$104,500
Assessed Improvement Value$443,500
Assessment Year2025

About this property

This one owner custom home with water view is in the gated community of Waterford Park and is convenient to DFW Intl Airport via SH 360. Main bedroom includes a fireplace with a jetted tub and separate shower. Family room and another bedroom, study and bath are downstairs. The upstairs features a large game room with a wet bar and an additional two bedrooms and another full bath. The kitchen features all Jenn Air appliances including a double oven, gas cooktop, microwave and large refrigerator and an island. The kitchen also has breakfast bar, under cabinet lighting and two pantries and the utility room has room for a freezer. No pets or smoking ever in this one!..Is in immaculate condition!

Investor Tools

Property Icon
$616,000
Estimated Property Value
$250,000Estimated Mortgage Balance
$385,562Estimated Equity
59% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,899 /month
Positive
Cash Flow Estimate:
$1,300 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,137/month
$495/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,561
$548,000
2025
$104,500
$443,500
$548,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,561
$548,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Bank Na
Conventional
$250,000
No
First
Mar 21, 2022
Apr 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$230,438
$385,562
62%
37%
$1,499/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,000/mo
$1,994/mo
+$1,006/mo
5.8%

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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