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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Azle at 1332 Spinnaker Ln, Azle, TX, 76020 priced at $384,000 converts $4,054/mo rent into $1,301/mo cash flow after a $1,879/mo obligation. Total monthly income equals $4,054/mo, and annual cash flow totals $15,610/yr on $127,296 invested. Return on cash invested prints 32.17% in year one, and rental yield reads 12.67% against a $384,000 entry. Equity gained on principal adds $2,478/yr, while 5% annual appreciation compiles into $106,092 by year five. Five-year ROI reaches 169.89% and total cumulative return in cash sums $216,260. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,054/mo property income covering a $1,879/mo payment, not borrower’s personal income.
Single Family
Built in 1998
10,402 sqft lot
$N/A/sqft
$69 quarterly HOA
Neighborhood data shown for ZIP Code: 76020, Azle, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,879 (100%) |
| Owner Occupied HU | 10,695 (71.9%) |
| Renter Occupied HU | 3,057 (20.5%) |
| Vacant Housing Units | 1,127 ( 7.6%) |
| Median Home Value | $389,632 |
| Average Home Value | $421,923 |
Residential
14,293
Single Family
13,691
Multi-Family
602
Businesses
598
Date | Event | Price |
|---|---|---|
| 2024-08-08 | Price change | $384,000 |
| 2024-07-19 | Listed for sale | $392,000 |
| 2019-11-14 | Sold | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-14 | $6148.65 | -13.86% | $414,308 | 17.48% |
| 2022-08-14 | $7138.10 | 6.30% | $352,655 | 19.56% |
| 2021-08-14 | $6714.87 | 8.73% | $294,966 | 9.56% |
Listed by: Anyiesa Johnson • Opendoor Brokerage, LLC
Mls Name: NTREIS
Mls ID: #20679205
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
