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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 615 Gatlin Pass, Azle, TX, 76020 priced at $689,900 converts $2,154/mo rent into after a $3,377/mo obligation. Total monthly income equals $2,154/mo. Return on cash invested prints 5.51% in year one, and rental yield reads 3.75% against a $689,900 entry. Equity gained on principal adds $4,452/yr, while 5% annual appreciation compiles into $190,607 by year five. Five-year ROI reaches 26.8% and total cumulative return in cash sums $60,841. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,154/mo property income covering a $3,377/mo payment, not borrower’s personal income.
Single Family
Built in 2024
1 Acres lot
$N/A/sqft
No 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 |
|---|---|---|
| 2024-12-10 | Listed for sale | $689,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-12 | $133.84 | 1.95% | $22,500 | N/A |
| 2023-02-12 | $131.28 | N/A | $22,500 | N/A |
Listed by: Lindsay Ayres • Ready Real Estate LLC
Mls Name: NTREIS
Mls ID: #20794147
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.
