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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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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 Azle at 429 Basalt Dr, Azle, TX, 76020 priced at $369,900 converts $2,968/mo rent into $280/mo cash flow after a $1,810/mo obligation. Total monthly income equals $2,968/mo, and annual cash flow totals $3,357/yr on $122,622 invested. Return on cash invested prints 22.65% in year one, and rental yield reads 9.63% against a $369,900 entry. Equity gained on principal adds $2,387/yr, while 5% annual appreciation compiles into $102,197 by year five. Five-year ROI reaches 118.94% and total cumulative return in cash sums $145,846. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,968/mo property income covering a $1,810/mo payment, not borrower’s personal income.
Single Family
Built in 2024
6,969 sqft lot
$N/A/sqft
$700 annually 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 |
|---|---|---|
| 2024-08-14 | Price change | $369,900 |
| 2024-07-02 | Price change | $381,796 |
| 2024-06-28 | Price change | $401,796 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-23 | $1113.92 | N/A | $52,500 | N/A |
Listed by: Ben Caballero • IMP Realty
Mls Name: NTREIS
Mls ID: #20660433
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.
