$1,150,000
↓ $300K (26.1%)
●
Land -
For Sale
5860 Newt Patterson Road
Mansfield, TX 76063
Studio
0 Bath
$5,647
Est. Monthly
About This Property
Rare opportunity to own 2.89 acres outside Mansfield city limits
with no HOA! The options are endless with this one: Build
your dream home, have space for RV parking, add a shop, love to
garden? The property currently includes a fully renovated 6
bedroom, 4.5 bath home with multiple living options, including two
primary suites and a detached guest space with a full bathroom and
private entrance. 2 divided lots being sold together. 2 wells on
site and freshly pumped septic. Enjoy the privacy and breathing
room of acreage living while still being conveniently located near
Mansfield shopping, dining, schools and major roadways. Bring your
vision and make this property your own.
Unit Size
-
Days on Market
-
Land Size
2.89 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
2004
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 10 days ago (NTREIS #21413455)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 16, 2026 | Price Decreased |
$850,000
↓ $300K
(26.1%) | |
| Price Decreased | |||
| Oct 15, 2026 | Listed by Keller Williams Realty-FM | $1,150,000 | |
| Listed by Keller Williams Realty-FM | |||
| Sep 4, 2026 | Price Decreased |
$899,000
↓ $51K
(5.4%) | |
| Price Decreased | |||
| Jul 23, 2026 | Listed by Keller Williams Realty-FM | $950,000 | |
| Listed by Keller Williams Realty-FM | |||
   | |||
|
Looking for room to spread out without giving up convenience? This fully renovated 6 bedroom, 4.5 bath home sits on 1 acre, outside Mansfield city limits with no HOA and room for RV parking. Designed with flexibility in mind, the home features two primary suites, an additional guest suite, PLUS a detached, climate controlled unit with a full bathroom and kitchenette. This property is ideal for multigenerational living. Work from home? You've got two dedicated office spaces to choose from. At the heart of the home, an oversized kitchen island creates the ultimate gathering spot for hosting, holidays and everyday life. Step outside to two cedar-wrapped covered patios offering space to entertain, a pool to play, land to garden or simply enjoy a little more privacy. Come let 5860 Newt Patterson welcome you home.
| |||
Property Highlights
Garage
Parking Available
Air Conditioning
Exterior Details
Year Built: 2004
Waterfront Features: Creek
Other Structures: Guest House
Lot Features: Landscaped, Level, Many Trees, Acreage, Lrg. Backyard Grass
Lot Size Area: 2.889
Lot Size Units: Acres
Lot Size Acres: 2.889
Lot Size Square Feet: 125844.84
Tax Lot: 1 & 2
Utilities Details
Cooling Type: Central Air, Electric, Multi Units
Heating Type: Central, Electric
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
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ft²
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HOA + Taxes
About Rendon
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Listed by: Katie Saldivar, Keller Williams Realty-FM
Last Updated: 10 days ago
Data Source: NTREIS MLS, MLS# 21413455
Details provided by NTREIS and may not match the public record
Last Updated: 10 days ago
Data Source: NTREIS MLS, MLS# 21413455
Details provided by NTREIS and may not match the public record
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Phone: 425-283-2930
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