








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 7423 Elman Ln, Azle, TX, 76020 listed at $550,000 pairs $3,882/mo rent with a $2,692/mo payment. Total monthly income runs $3,882/mo. Return on cash invested measures 19.87% in year one, and rental yield registers 8.47% at a $550,000 basis. Equity gained on principal adds $3,549/yr, and annual property appreciation at 5% supports $151,955 by year five. Five-year ROI tracks 103.8% and total cumulative return in cash totals $187,822. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,882/mo property income relative to a $2,692/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1988
2.02 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 |
|---|---|---|
| 2025-06-25 | Listed for sale | $550,000 |
| 2019-05-30 | Sold | N/A |
| 2019-05-13 | Pending sale | $349,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-25 | $4656.41 | 12.45% | $402,661 | -0.54% |
| 2023-06-25 | $4140.88 | -19.30% | $404,861 | 13.39% |
| 2022-06-25 | $5131.46 | 5.68% | $357,060 | 32.61% |



Listed by: Devon Reyes • League Real Estate
Mls Name: NTREIS
Mls ID: #20978910
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.