500 Lake Crest PkwyAzleTX76020
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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 500 Lake Crest Pkwy, Azle, TX, 76020 priced at $199,900 converts $1,651/mo rent into $230/mo cash flow after a $978/mo obligation. Total monthly income equals $1,651/mo, and annual cash flow totals $2,759/yr on $66,267 invested. Return on cash invested prints 24.07% in year one, and rental yield reads 9.91% against a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation compiles into $55,229 by year five. Five-year ROI reaches 126.38% and total cumulative return in cash sums $83,749. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,651/mo property income covering a $978/mo payment, not borrower’s personal income.
Single Family
Built in 1981
8,537 sqft 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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