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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 570 Balboa Trl, Azle, TX, 76020 priced at $344,900 converts $3,998/mo rent into $1,520/mo cash flow after a $1,688/mo obligation. Total monthly income equals $3,998/mo, and annual cash flow totals $18,246/yr on $114,334 invested. Return on cash invested prints 35.87% in year one, and rental yield reads 13.91% against a $344,900 entry. Equity gained on principal adds $2,226/yr, while 5% annual appreciation compiles into $95,290 by year five. Five-year ROI reaches 189.75% and total cumulative return in cash sums $216,945. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,998/mo property income covering a $1,688/mo payment, not borrower’s personal income.
Single Family
Built in 2018
8,712 sqft lot
$N/A/sqft
$300 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 |
|---|---|---|
| 2024-08-12 | Price change | $344,900 |
| 2024-07-30 | Price change | $349,900 |
| 2024-07-22 | Price change | $359,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-14 | $5220.59 | -9.12% | $377,761 | 28.17% |
| 2022-08-14 | $5744.22 | 2.22% | $294,723 | -0.20% |
| 2021-08-14 | $5619.50 | -10.31% | $295,328 | 18.87% |
Listed by: Shema Ross • Fathom Realty, LLC
Mls Name: NTREIS
Mls ID: #20608461
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.
