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$240,000

NAL Estimated Property Value

6449 Newt Patterson Rd, Mansfield, TX, 76063

Off MarketInfo
Baths0 Bath

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size3 acres

Land Information

APNA 997-7A01D
SubdivisionMcdonald, James Survey
Land UseAgriculture / Farming
Legal DescriptionMCDONALD, JAMES SURVEY ABSTRACT 997 TRACT 7A01D D
Census Tract111318
Assessed Land Value$240,000
Assessment Year2025

About this property

This is a highly sought after flat, buildable 3 acre tract of land. This beautiful acreage shares a pond with the neighboring acreage also available for sale. The uses for this property are vast. You can build your gorgeous dream home complete with a livestock pasture, perhaps use it for Industrial or Commercial purposes, or a development project. This is a very versatile piece of land and conveniently located in Mansfield right off Highway 1187 and is very near Burleson and Interstate 35 making for an ideal commute location. Need more acreage? There is an additional 6.7 Acres available MLS #20894470 located right next to this property bringing the total to almost 10 full acres.

Investor Tools

Property Icon
$240,000
Estimated Property Value
$248,169Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,100 /month
Positive
Cash Flow Estimate:
$700 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$100/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4
$240,000
2025
$240,000
N/A
$240,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4
$240,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Financial Bank
Commercial
$251,473
No
First
Aug 28, 2025
Aug 2045

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$248,169
N/A
0%
103%
$1,508/mo

Learn About the Market: Opportunity in Texas

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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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6449 Newt Patterson Rd | Property Details | No Agent List