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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 1420 Wavelet Dr, Azle, TX, 76020 offers $4,207/mo rent that, after a $1,659/mo payment, leaves $1,764/mo cash flow. Total monthly income is $4,207/mo, and annual cash flow is $21,165/yr on $112,379 cash. Return on cash invested measures 38.74% in year one, and rental yield stands at 14.89% at a $339,000 entry. Equity gained on principal adds $2,188/yr while 5% annual appreciation compounds into $93,659 by year five. Five-year ROI records 205.17% and total cumulative return in cash reaches $230,572. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,207/mo property income versus a $1,659/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
6,011 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 |
|---|---|---|
| 2024-08-09 | Price change | $339,000 |
| 2024-08-02 | Price change | $350,000 |
| 2024-07-12 | Listed for sale | $370,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-14 | $6021.54 | -17.75% | $351,334 | 15.68% |
| 2022-08-14 | $7321.32 | 892.34% | $303,717 | 984.70% |
| 2021-08-14 | $737.78 | -4.64% | $28,000 | N/A |
Listed by: Jennifer Gannoe • JR Realty
Mls Name: NTREIS
Mls ID: #20668325
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.
