388 Driftwood Ct #3AzleTX76020
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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 388 Driftwood Ct #3, Azle, TX, 76020 offers $1,558/mo rent that, after a $1,835/mo payment. Total monthly income is $1,558/mo. Return on cash invested measures 6.07% in year one, and rental yield stands at 4.99% at a $375,000 entry. Equity gained on principal adds $2,420/yr while 5% annual appreciation compounds into $103,606 by year five. Five-year ROI records 31% and total cumulative return in cash reaches $38,535. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,558/mo property income versus a $1,835/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1971
1.12 Acres lot
$N/A/sqft
$325 monthly 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: Kye Fadeley • Lake Homes Realty, LLC
Mls Name: NTREIS
Mls ID: #20880371
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.