256 Richard LnAzleTX76020
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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
Investment property for sale in Azle at 256 Richard Ln, Azle, TX, 76020 with 5% annual appreciation on a $248,000 basis while $1,961/mo rent supports operations. Total monthly income totals $1,961/mo and a $1,214/mo payment preserves $197/mo for cash returns. Annual cash flow comes to $2,367/yr on $82,212 deployed, and return on cash invested reaches 22.79% in year one. Equity gained on principal adds $1,600/yr, and five-year appreciation sums $68,518 alongside rental yield of 9.49%. Five-year ROI measures 119.54% and total cumulative return in cash totals $98,274.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,961/mo property income versus a $1,214/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1987
0.27 Acres 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: Anderson Schulle • Green Light Property Mngmnt
Mls Name: NTREIS
Mls ID: #20668432
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.