Last 24 Hours
$171,496
NAL Estimated Property Value515 Patterson Dr, Mansfield, TX, 76063
Off Market
2 Beds
1 Bath
946 Sq Ft
$132.14 / sqft
Built in 1951Property Lead Type:
Off-Market ListAbsentee Owner
Highlights
Interior
Bedrooms 2
Bathrooms Full 1
Garage AvailableAppliancesOther
Exterior
Lot Size11,064 sqft
Building Information
Year Built1951
Stories1
Garage Spaces1
Land Information
APN31870-1-2
Lot Number2
SubdivisionPatterson Addition (Mansfield)
Land UseResidential
Legal DescriptionPATTERSON ADDITION (MANSFIELD) BLOCK 1 LOT 2
Census Tract111306
Assessed Land Value$30,000
Assessed Improvement Value$141,496
Assessment Year2025
About this property
Investor Special - Location, location! This is a great opportunity to own in Mansfield right off Main Street! Close to shopping and easy access to the Highway! The property is in need of a full renovation. The property is being sold as-is.
Investor Tools
$171,496
Estimated Property Value
$183,957Estimated Mortgage Balance
$171,496Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,029 /month
Positive
Cash Flow Estimate:
$343 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$122/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$606
$171,496
2025
$30,000
$141,496
$171,496
No
Tax History
Year
Tax Paid
Assessed Value
2024
$606
$171,496
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Trident Realty Investments Llc
Commercial
$185,300
No
First
Dec 1, 2025
N/A
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$183,957
N/A
0%
107%
$1,111/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,420/mo
$1,111/mo
+$1,309/mo
16.9%
12.4%