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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 1405 Wavelet Dr, Azle, TX, 76020 generates $3,680/mo in rent and, after a $1,615/mo payment, leaves $1,278/mo in cash flow. Total monthly income is $3,680/mo, and annual cash flow is $15,335/yr on $109,395 invested. Return on cash invested sits at 33.93% in year one, and rental yield is 13.38% on a $330,000 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation builds toward $91,173 over five years. Five-year ROI reaches 179.44% and total cumulative return in cash sums $196,295. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,680/mo property income rather than buyer’s personal income.
Single Family
Built in 2021
6,403 sqft lot
$N/A/sqft
No 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 |
|---|---|---|
| 2024-08-16 | Listed for sale | $330,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-30 | $6144.87 | -22.63% | $345,000 | 11.64% |
| 2022-08-30 | $7942.04 | 976.48% | $309,029 | 1003.67% |
| 2021-08-30 | $737.78 | -4.64% | $28,000 | N/A |
Listed by: Bernh Luna • Coldwell Banker Apex, REALTORS
Mls Name: NTREIS
Mls ID: #20701243
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.
