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$466,000

NAL Estimated Property Value

6355 Newt Patterson Road A, Mansfield, TX, 76063

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,974 Sq Ft
price_per_sqft$405.27 / sqft
Year BuiltBuilt in 1954

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Cooktop, Electric Water Heater, Vented Exhaust Fan
FlooringCarpet, Linoleum, Wood

Exterior

Lot Size18,731 sqft

Building Information

Year Built1954
Garage Spaces2

Land Information

APNA-997---7A01---01
SubdivisionMcdonald, James Survey
Land UseResidential
Legal DescriptionMCDONALD, JAMES SURVEY ABSTRACT 997 TRACT 7A01 HS
Census Tract111318
Assessed Land Value$40,850
Assessed Improvement Value$150,423
Assessment Year2025

About this property

BUYER CHANGED HIS MIND, SO YOU GET ANOTHER CHANCE AT OWNING THIS BEAUTIFUL PROPERTY! Adorable cottage nestled on this 7 acre property is ready for its new Owners. This property also offers a small second home that could be used as rental space or an office, also offers a storage building and large barn. The home in its present condition needs TLC, and possible repairs. It has not been updated and seller will make no repairs to the property. The value is mostly in the land. This Acreage is beautiful with its huge oak trees, 2 stock tanks, serene peaceful setting, but yet still very close to all of the amenities of Mansfield, Burleson, and Arlington. No HOA and located outside of the city limits make this very desirable. The property is on well water and has an aerobic water septic system in place. This unique and highly sought after property is very versatile and can be used for Residential purposes, Industrial, Commercial, or even a Development Project. This perfect location offers endless possibilities! With its close proximity to FM 1187 Hwy 287 and I35, this property is desirable to live or work from. There are three parcels of land being sold together as one, Tax ID#04017889 (6.664 Acres according to TAD) and Tax ID#04876199 (.43 Acres according to TAD) and Tax Id#06465366 (.12 acres according to TAD). Properties with acreage in Mansfield are very hard to come by these days! All Buildings on property being sold as is, but with a bit of work could be stunning!

Investor Tools

Property Icon
$466,000
Estimated Property Value
$0Estimated Mortgage Balance
$466,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,800 /month
Positive
Cash Flow Estimate:
$1,600 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$226/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$379
$191,273
2025
$40,850
$150,423
$191,273
No

Tax History

Year
Tax Paid
Assessed Value
2024
$379
$191,273

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$466,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,420/mo
N/A
+$2,420/mo
6.2%

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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6355 Newt Patterson Road A | Property Details | No Agent List