








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 Pelican Bay at 1805 Laguna Bay S, Pelican Bay, TX, 76020 generates $6,726/mo in rent, after a $8,810/mo payment. Total monthly income is $6,726/mo. Return on cash invested sits at 7.75% in year one, and rental yield is 4.48% on a $1,800,000 entry. Equity gained on principal adds $11,615/yr, while 5% annual appreciation builds toward $497,307 over five years. Five-year ROI reaches 38.8% and total cumulative return in cash sums $226,271. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,726/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
0.93 Acres lot
$N/A/sqft
$185 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 |
|---|---|---|
| 2025-08-18 | Listed for sale | $1,800,000 |
| 2025-08-12 | Listing removed | $1,995,000 |
| 2025-04-10 | Listed for sale | $1,995,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-08-18 | $5938.50 | 3.40% | $277,154 | N/A |
| 2023-08-18 | $5743.17 | 46.94% | $277,154 | 71.00% |
| 2022-08-18 | $3908.40 | 386.01% | $162,078 | 300.00% |



Listed by: Roxann Taylor • Engel&Volkers Dallas Southlake
Mls Name: NTREIS
Mls ID: #21033442
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.