507 S Walnut Creek Dr · Mansfield, TX 76063

$250,000

4 bd · 2.0 ba · 1,642 sqft · SingleFamily public records · 46 Days on market

Built 1980 8,799 sqft lot $152/sqft · 5% below area Est $264k · 5% under

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +11.7/30.0
• ARV discount +9.9/15.0
• Schools +4.6/10.0
• 1% rule +4.2/10.0
• Livability +3.6/5.0
• DSCR +3.5/10.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

BACK ON THE MARKET, buyer failed to closed. Gorgeous 4 bedroom Remodeled Home in the Hillcrest West subdivision. Home has been updated with new cabinets, new counter tops, new carpet, new paint, new tile flooring, crown molding and allot more. This home is move-in ready so come by before its gone! OWNER FINANCING AVAILABLE!

Key facts

• Spacious back yard
• Concrete patio
• 8ft fence

Tags

• SPACIOUS BACK YARD
• MATURE TREES
• 8FT FENCE
• CONCRETE PATIO
• MULTIPLE LIVING AREAS
• CROWN MOLDING

Property features AI

Finance

• Other: Personal items, curtains and rods excluded from sale; Possession at closing/funding
• Financial info: Listing terms: Cash; Treat as clear loan type; No second mortgage reported
• HOA & community: No homeowners association

Exterior

• Parking: Covered parking for 2 vehicles; 2-car attached garage; Driveway
• Security: Audio and video surveillance devices present
• Utilities: City water; City sewer; Not in a municipal utility district
• Home design: Single-family residence; Attached property; One story; Year built 1980
• Construction: Brick exterior; Slab foundation
• Exterior features: Lot is less than 0.5 acre (about 0.20 acres); Subdivision: Hillcrest West Add

Interior

• Kitchen: Dishwasher; Garbage disposal; Eat-in kitchen
• Bedrooms: Primary bedroom (level 1) with ensuite bath; Three additional bedrooms (level 1)
• Flooring: No flooring details provided
• Bathrooms: 2 full bathrooms
• Heating & cooling: No heating or cooling details provided; Wood-burning fireplace
• Interior features: Open floorplan; Eat-in kitchen; Decorative lighting; High-speed internet available; Walk-in closet(s); One living area; One dining area; Total of 6 rooms
• Laundry & utility: No specific laundry details provided

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $250k.

Deal economics

• At list price, monthly cash flow is $-72 ($-862/yr) — negative.
• To cash-flow at today's rent, offer at most $237k (5.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $229k (8.3% below list).
• Recommended offer: $229k (8.3% below list) — sets the bar for 1% rule.
• Cap rate 5.9% vs local median 2.8% in Mansfield — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 72/100 on livability (#243 in TX) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, crime A; Watch: amenities F, commute F, health & safety D-.
• Mansfield ISD (suburban): math 47% / reading 53% proficiency, ranked #125 of 826 in TX (top 15%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Erma Nash El (math 27% / reading 36%, grade F, #2,396 of 4,322 statewide, top 56%, 662 students, 65% FRL); Rogene Worley Middle (math 46% / reading 51%, grade C-, #392 of 1,662 statewide, top 24%, 686 students, 48% FRL); Mansfield Lake Ridge H S (math 62% / reading 72%, grade B, #163 of 1,632 statewide, top 11%, 2,653 students, 28% FRL).
• Market conditions: Rents soft (-1.2%/yr); 740 active listings in the ZIP; 34 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 18,938 units permitted in Tarrant County in 2024 (8,336 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Tarrant County population projected at +41% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 46 days — a 3% lower offer ($242k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 15y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $229,277 (8.3% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 46 days. Have you received any prior offers? Is the seller open to a 8% concession, seller financing, or rate buy-down credit?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.92% ✗
• Cap rate: 5.95%
• Cash-on-cash: -1.23%
• DSCR: 0.95
• GRM: 9.1

CMA / ARV

• ARV (median comp): $264,019
• List price: $250,000
• Delta: -5.31%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
514 Fort Worth St	0.34mi	4/2.0	1,671 (+2%)	0mo	$327,000	$196	81
751 Stell Ave	0.14mi	3/2.0 (-1)	1,569 (-4%)	2mo	$319,000	$203	79
606 Hillcrest St	0.18mi	3/2.0 (-1)	1,503 (-8%)	0mo	$275,000	$183	72
1007 Kay Lynn St	0.29mi	3/2.0 (-1)	1,501 (-9%)	3mo	$284,900	$190	65
400 Mckown Dr	0.11mi	3/1.5 (-1)	1,404 (-14%)	3mo	$239,900	$171	61
633 S Waxahachie St	0.23mi	3/2.0 (-1)	1,499 (-9%)	10mo	$309,000	$206	61
625 Little Ln	0.23mi	3/2.0 (-1)	1,432 (-13%)	3mo	$255,000	$178	60
515 Berryhill Dr	0.39mi	3/2.0 (-1)	1,538 (-6%)	8mo	$315,000	$205	60
1004 E Dallas St	0.30mi	3/2.5 (-1)	1,526 (-7%)	10mo	$289,999	$190	59
505 Blueberry Hill Ln	0.31mi	3/2.0 (-1)	1,446 (-12%)	4mo	$285,000	$197	58
649 Blueberry Hill Ln	0.38mi	3/2.0 (-1)	1,441 (-12%)	3mo	$250,000	$173	54
121 Cedar St	0.74mi	3/2.0 (-1)	1,425 (-13%)	8mo	$320,000	$225	32

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -22.0%
• Equity multiple: 0.26×
• Total profit: $-51,675
• Equity at exit: $37,276

10-year hold

• IRR: -26.9%
• Equity multiple: -0.09×
• Total profit: $-76,327
• Equity at exit: $21,615

Cash invested: $70,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Texas: 87 Strongly Landlord-Friendly · R+5
• County: — inherits STATE
• City: — inherits STATE

3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.

Methodology + full state rankings →

ZIP-level market 76063

• Home prices YoY: -29.5%
• Rents YoY: -1.2%
• Active inventory: 740
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $2,293 high
• Mortgage (P&I): −$1,311
• Tax from tax record: −$468 /mo · $5,615/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$481
• Net cashflow: $-72

Break-even live

Break-even rent $2,384

Max offer price $237,310

Occupancy floor 98%

Sensitivity live

Price	-10% $70	-5% $-1	+0% $-72	+5% $-143	+10% $-213
Rent	-10% $-253	-5% $-162	+0% $-72	+5% $19	+10% $109
Rate	-1.0pp $54	-0.5pp $-8	base $-72	+0.5pp $-137	+1.0pp $-203

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Rent comps 34 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
313 Hillcrest St Mansfield, TX	4.0	1.5	1600	$3,000	$1.88	45d	1	0.17mi
309 Hillcrest St Mansfield, TX	3.0	2.0	1300	$1,950	$1.50	45d	1	0.19mi
608 Hillcrest St Mansfield, TX	3.0	2.0	1282	$1,800	$1.40	4d	1	0.23mi
414 Arlington St Mansfield, TX	3.0	2.0	1734	$2,095	$1.21	1d	1	0.24mi
305 Live Oak Dr Mansfield, TX	4.0	2.0	1320	$2,000	$1.52	45d	1	0.24mi
609 Blueberry Hill Ln Mansfield, TX	3.0	2.0	1796	$2,195	$1.22	14d	1	0.29mi
627 McKown Dr Mansfield, TX	3.0	2.0	1377	$2,000	$1.45	26d	1	0.31mi
800 Fort Worth St Mansfield, TX	3.0	2.0	1383	$1,875	$1.36	45d	1	0.33mi
906 Fort Worth St Mansfield, TX	3.0	2.0	1383	$2,051	$1.48	9d	1	0.35mi
621 Hollyberry Dr Mansfield, TX	3.0	2.0	1152	$2,180	$1.89	5d	1	0.36mi
625 Hollyberry Dr Mansfield, TX	3.0	2.0	1303	$2,150	$1.65	20d	1	0.37mi
311 Stell Ave Mansfield, TX	3.0	2.0	1484	$2,190	$1.48	14d	1	0.38mi
609 Kings Way Dr Unit A Mansfield, TX	3.0	2.0	1064	$1,800	$1.69	45d	1	0.40mi
500 E Kimball St Unit 1 Mansfield, TX	3.0	2.5	1527	$2,295	$1.50	9d	1	0.40mi
649 Blueberry Hill Ln Mansfield, TX	3.0	2.0	1441	$2,075	$1.44	3d	1	0.41mi
628 Sandiford Ct Mansfield, TX	4.0	2.5	2156	$3,200	$1.48	20d	1	0.43mi
307 Kings Way Dr Mansfield, TX	3.0	2.0	1220	$1,790	$1.47	26d	1	0.44mi
303 Kings Way Dr Unit B Mansfield, TX	3.0	2.0	1064	$2,200	$2.07	1d	1	0.46mi
223 N Willow St Mansfield, TX	3.0	2.0	1304	$2,150	$1.65	22d	1	0.84mi
502 W Kimball St Unit 2 Mansfield, TX	3.0	2.5	1513	$2,295	$1.52	26d	1	0.88mi
214 Juniper St Mansfield, TX	3.0	2.0	1610	$2,250	$1.40	45d	1	0.90mi
506 W Kimball St Unit 2 Mansfield, TX	3.0	2.5	1526	$2,395	$1.57	45d	1	0.90mi
506 W Kimball St Unit 1 Mansfield, TX	3.0	2.5	1526	$2,295	$1.50	26d	1	0.90mi
1302 Palm St Mansfield, TX	3.0	2.0	1574	$2,300	$1.46	45d	1	0.90mi
508 W Kimball St Unit 1 Mansfield, TX	3.0	2.5	1723	$2,495	$1.45	0d	1	0.91mi
715 N Main St Mansfield, TX	1.0–3.0	1.0–2.0	1022	$6,239	$6.10	0d	16	1.09mi
751 N Main St Mansfield, TX	1.0–3.0	1.0–2.0	1032	$2,609	$2.53	0d	18	1.17mi
925 Remington Ranch Rd Mansfield, TX	3.0	2.0	1524	$2,350	$1.54	13d	1	1.17mi
910 Blue Jay Dr Mansfield, TX	3.0	2.0	1409	$2,240	$1.59	0d	1	1.41mi
1400 North St Mansfield, TX	1.0–3.0	1.0–2.0	964	$2,413	$2.50	0d	27	1.43mi
1725 E Broad St Mansfield, TX	3.0	1.0–2.0	1016	$2,995	$2.95	0d	259	1.44mi
204 Carlsbad Dr Mansfield, TX	4.0	2.0	1950	$2,495	$1.28	45d	1	1.45mi
1002 Canary Ln Mansfield, TX	3.0	2.0	1373	$2,250	$1.64	9d	1	1.47mi
5 Canary Ct Mansfield, TX	3.0	2.0	1579	$1,995	$1.26	4d	1	1.48mi

Listing history 29 events

1. 2026-06-21
   days on market $250,000 Active 46 DOM
2. 2026-06-18
   days on market $250,000 Active 43 DOM
3. 2026-06-17
   days on market $250,000 Active 42 DOM
4. 2026-06-16
   days on market $250,000 Active 41 DOM
5. 2026-06-15
   days on market $250,000 Active 40 DOM
6. 2026-06-13
   days on market $250,000 Active 38 DOM
7. 2026-06-13
   days on market $250,000 Active 37 DOM
8. 2026-06-09
   days on market $250,000 Active 34 DOM
9. 2026-06-08
   days on market $250,000 Active 33 DOM
10. 2026-06-07
    days on market $250,000 Active 32 DOM
11. 2026-06-04
    days on market $250,000 Active 29 DOM
12. 2026-06-03
    days on market $250,000 Active 28 DOM
13. 2026-06-02
    days on market $250,000 Active 27 DOM
14. 2026-06-02
    remarks 447-char remark
15. 2026-06-01
    days on market $250,000 Active 26 DOM
16. 2026-05-31
    days on market $250,000 Active 25 DOM
17. 2026-05-04
    listed $250,000 Active 417-char remark
18. 2025-09-01
    listed $250,000 Active
19. 2012-01-24
    soldstatus
20. 2012-01-20
    soldstatus Closed

    Show marketing remark (325 chars)

    BACK ON THE MARKET, buyer failed to closed. Gorgeous 4 bedroom Remodeled Home in the Hillcrest West subdivision. Home has been updated with new cabinets, new counter tops, new carpet, new paint, new tile flooring, crown molding and allot more. This home is move-in ready so come by before its gone! OWNER FINANCING AVAILABLE!

21. 2012-01-12
    status Pending

    Show marketing remark (325 chars)

    BACK ON THE MARKET, buyer failed to closed. Gorgeous 4 bedroom Remodeled Home in the Hillcrest West subdivision. Home has been updated with new cabinets, new counter tops, new carpet, new paint, new tile flooring, crown molding and allot more. This home is move-in ready so come by before its gone! OWNER FINANCING AVAILABLE!

22. 2011-12-30
    historical Active Option Contract

    Show marketing remark (325 chars)

    BACK ON THE MARKET, buyer failed to closed. Gorgeous 4 bedroom Remodeled Home in the Hillcrest West subdivision. Home has been updated with new cabinets, new counter tops, new carpet, new paint, new tile flooring, crown molding and allot more. This home is move-in ready so come by before its gone! OWNER FINANCING AVAILABLE!

23. 2011-12-03
    status Active

    Show marketing remark (325 chars)

    BACK ON THE MARKET, buyer failed to closed. Gorgeous 4 bedroom Remodeled Home in the Hillcrest West subdivision. Home has been updated with new cabinets, new counter tops, new carpet, new paint, new tile flooring, crown molding and allot more. This home is move-in ready so come by before its gone! OWNER FINANCING AVAILABLE!

24. 2011-11-15
    status Pending

    Show marketing remark (325 chars)

    BACK ON THE MARKET, buyer failed to closed. Gorgeous 4 bedroom Remodeled Home in the Hillcrest West subdivision. Home has been updated with new cabinets, new counter tops, new carpet, new paint, new tile flooring, crown molding and allot more. This home is move-in ready so come by before its gone! OWNER FINANCING AVAILABLE!

25. 2011-08-18
    listed $97,500 Active

    Show marketing remark (325 chars)

    BACK ON THE MARKET, buyer failed to closed. Gorgeous 4 bedroom Remodeled Home in the Hillcrest West subdivision. Home has been updated with new cabinets, new counter tops, new carpet, new paint, new tile flooring, crown molding and allot more. This home is move-in ready so come by before its gone! OWNER FINANCING AVAILABLE!

26. 2011-07-25
    soldstatus
27. 2011-07-21
    soldstatus
28. 2008-01-30
    soldstatus
29. 1984-10-19
    soldstatus

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast TX · Resets to sale price

• Current annual tax: $5,615 · $468/mo
• Projected year-2 tax: $5,615 · $468/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥110°F today · 22 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,513
• − Mortgage interest: −$14,004
• − Property taxes: −$5,615
• − Insurance: −$1,250
• − Repairs & maintenance: −$2,201
• − Management: −$2,201
• − Depreciation: −$7,273
• Taxable loss: −$5,031
• Est. tax savings @ 24.0%: +$1,207
• After-tax cash flow: $345/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Mansfield ISD
• NCES district ID: 4828920
• Math proficiency: 47% ▼ -17.00%
• Reading proficiency: 53% ▼ -6.00%
• Median HH income: $81,934
• Composite: 45.82/100
• National rank: #2558
• State rank: #125 of 826 in TX

Livability — Mansfield

• Score: 72/100
• State rank: #243
• US rank: #5833

Category grades

Amenities F Commute F Cost of living B- Crime A Employment A+ Housing A+ Health & safety D- User ratings C

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Mansfield, TX
• County: Tarrant County · 2,033,669 people
• City population: 82,625
• Metro: Dallas-Fort Worth-Arlington, TX
• Population (ZIP): 82,625
• Household income: $118,946
• Rent vs Own: 28.4% rent · 71.6% own
• Severe rent burden: 2081.0

Population outlook (Tarrant County) Hauer SSP2

• Today (2025): 2,380,417 people
• By 2030: 2,578,900 · +8.3%
• By 2040: 2,974,995 · +25.0%
• By 2050: 3,350,489 · +40.8%
• By 2075: 4,216,909 · +77.2%
• By 2100: 4,741,527 · +99.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.65)
• Race & ethnicity: White 52% Black 22% Hispanic / Latino 17% Two or more races 10% Asian 4%
• Hispanic origin (detail): Mexican 14%
• Common ancestry: Italian 2% Slovak 1% Lithuanian 1%
• Foreign-born: 12% · Canada, Vietnam, China
• Languages at home: 82% English-only · Spanish 10% Other Indo-European 2% Vietnamese 2%

Political lean MEDSL · Tarrant

• 2024 margin: Lean R (+5.1) · D 46.7% · R 51.9% · Other 1.4%
• 2008→2024 swing: +6.6pp toward D · 2008: -11.7pp · 2024: -5.1pp
• All cycles: 2024: R+5.1 2020: D+0.2 2016: R+8.7 2012: R+15.7 2008: R+11.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -108.63%
• Current HPI: 259.1952
• Rent YoY: ▼ -1.18%
• Metro: Dallas-Fort Worth-Arlington, TX
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

Industry mix (Fortune 500 HQ in TX)

Industry	F500 HQs	Revenue
▸Energy	16	$1,198B
▸Technology	5	$198B
▸Engineering / Construction	4	$72B
▸Energy Services	3	$60B
▸Utilities	3	$41B
▸Healthcare	2	$330B

Price history

+156.4% since first listed

13 events — show timeline

• 2026-05-04 Listed $250,000 NTREIS
• 2025-09-01 Listed $250,000 NTREIS
• 2012-01-24 Sold (Public Records) — Public Records
• 2012-01-20 Sold (MLS) — NTREIS
• 2012-01-12 Pending — NTREIS
• 2011-12-30 Contingent — NTREIS
• 2011-12-03 Relisted — NTREIS
• 2011-11-15 Pending — NTREIS
• 2011-08-18 Listed $97,500 NTREIS
• 2011-07-25 Sold (Public Records) — Public Records
• 2011-07-21 Sold (Public Records) — Public Records
• 2008-01-30 Sold (Public Records) — Public Records
• 1984-10-19 Sold (Public Records) — Public Records

Property tax history

+5.0%/yr

Latest (2025): $5,615 · +8.8% YoY. Source: county tax records.