1621 Reef DrAzleTX76020
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Azle at 1621 Reef Dr, Azle, TX, 76020 priced at $145,000 converts $1,940/mo rent into $909/mo cash flow after a $710/mo obligation. Total monthly income equals $1,940/mo, and annual cash flow totals $10,903/yr on $48,068 invested. Return on cash invested prints 42.59% in year one, and rental yield reads 16.06% against a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation compiles into $40,061 by year five. Five-year ROI reaches 225.72% and total cumulative return in cash sums $108,500. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,940/mo property income covering a $710/mo payment, not borrower’s personal income.
Manufactured
Built in 2018
10,053 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76020, Azle, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
14,293
Single Family
13,691
Multi-Family
602
Businesses
598
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Listed by: Dana Oatman • Realty of America, LLC
Mls Name: NTREIS
Mls ID: #20574582
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.