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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% |
Investment property for sale in Azle at 688 Boling Ranch Rd, Azle, TX, 76020 with 5% annual appreciation on a $950,000 basis while $7,226/mo rent supports operations. Total monthly income totals $7,226/mo and a $4,650/mo payment preserves $387/mo for cash returns. Annual cash flow comes to $4,642/yr on $312,550 deployed, and return on cash invested reaches 21.55% in year one. Equity gained on principal adds $6,130/yr, and five-year appreciation sums $262,467 alongside rental yield of 9.13%. Five-year ROI measures 112.92% and total cumulative return in cash totals $352,922.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $7,226/mo property income versus a $4,650/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2003
2.27 Acres lot
$N/A/sqft
$1,000 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 |
|---|---|---|
| 2025-04-03 | Listed for sale | $950,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-03 | $3076.99 | 4.26% | $668,700 | N/A |
| 2023-04-03 | $2951.37 | 0.70% | $668,700 | 22.71% |
| 2022-04-03 | $2930.79 | 0.41% | $544,930 | N/A |
Listed by: Stacy Fritchen • BHHS Premier Properties
Mls Name: NTREIS
Mls ID: #20890163
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.
