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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 1464 Spinnaker Ln, Azle, TX, 76020 offers $2,897/mo rent that, after a $2,178/mo payment. Total monthly income is $2,897/mo. Return on cash invested measures 17.6% in year one, and rental yield stands at 7.81% at a $444,999 entry. Equity gained on principal adds $2,872/yr while 5% annual appreciation compounds into $122,945 by year five. Five-year ROI records 91.73% and total cumulative return in cash reaches $135,320. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,897/mo property income versus a $2,178/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
10,410 sqft lot
$N/A/sqft
$196 annually 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 |
|---|---|---|
| 2024-10-18 | Listed for sale | $444,999 |
| 2024-04-11 | Sold | N/A |
| 2024-03-22 | Pending sale | $409,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-23 | $6171.96 | -7.08% | $428,939 | 16.87% |
| 2022-10-23 | $6642.44 | 3.07% | $367,013 | 19.20% |
| 2021-10-23 | $6444.31 | 3.51% | $307,892 | 9.24% |
Listed by: Amber Purcell • Monument Realty
Mls Name: NTREIS
Mls ID: #20756856
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.
