388 Driftwood Ct APT 1A, Azle, TX, 76020 | 8.11% Rental Yield

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388 Driftwood Ct APT 1A, Azle, TX, 76020 | 8.11% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Azle at 388 Driftwood Ct APT 1A, Azle, TX, 76020 listed at $360,000 pairs $2,434/mo rent with a $1,762/mo payment. Total monthly income runs $2,434/mo. Return on cash invested measures 18.64% in year one, and rental yield registers 8.11% at a $360,000 basis. Equity gained on principal adds $2,323/yr, and annual property appreciation at 5% supports $99,461 by year five. Five-year ROI tracks 97.24% and total cumulative return in cash totals $116,049. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,434/mo property income relative to a $1,762/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1971

1.12 Acres lot

$N/A/sqft

No HOA

More details about the property

Waterfront Living at Its Finest on Eagle Mountain Lake. This is the lakefront retreat you have been waiting for. This first level condo offers breathtaking views, peaceful sounds of nature, fishing, floating on a raft, have lunch at the park bench or meet friends at the dock to hop on a boat. 3 generous sized bedrooms and 2 full baths for comfort and entertaining. Ample counter space and no shortage of cabinets with granite throughout. Stackable washer dryer closet inside for convenience. Cozy evenings by the wood burning fireplace or open the large sliding glass doors to take in the fresh air and views. Primary suite includes large closet and a covered patio with privacy glass. Two covered patios at the water side to decorate in style. Eagle Mt marina 5 minute drive, close to lakefront parks and beaches. Quick access to Hwy 199, easily get to downtown Fort Worth and DFW airport for a smooth getaway. Great shopping food, clothing stores, lawn and garden just up the road to Lake Worth. Convenience, relaxation and adventure awaits you.

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