205 Laurel, Mansfield, TX Available

Overview & Condition
205 Laurel is a 1,861 sq ft single-family home in need of mostly cosmetic work. The structural elements are solid—both the foundation and hot water heater are in good condition. The existing roof requires minor repairs (estimated at around $1,200), and the air conditioning system will need to be replaced entirely. The two-car garage has been converted into living space; the conversion is sound, but the HVAC system will need to be extended to that area. Beyond these items, the home is a blank canvas awaiting cosmetic updates throughout.

Financials & Valuation

• Contract Price: $245,000
• Estimated After-Repair Value (ARV): $385,000–$395,000
• Key Assumptions: ARV range based on comparable sales in the neighborhood (comps attached in the full report).

With solid bones and an attractive square footage footprint, 205 Laurel offers significant upside once the AC is replaced, minor roof and HVAC work are completed, and cosmetic improvements are carried out.