208 Crestview Pl Azle, TX 76020

This 1954 built, 4 bed / 2 bath Single Family Home in Azle, TX makes sense for any rental investor, even in today's changing real estate market. Prime location in Azle!

Financials:

ARV: $295,000

Purchase Price: $215,000

Profit Details:

$295,000 ARV

(*) 94% for sale commissions

(-) $215,000 purchase price

(-) $30,000 rehab budget

(-) $5,000 closing / holding cost

(=) $27,300 profit

Rental Profit Details (market rent):

$2,400 monthly market rents

(-) $487 monthly tax

(-) $110 monthly insurance

(-) $240 property management

(-) $240 allocation for repairs, vacancy, etc

(=) $1,323 net monthly cash flow

Property Details:

4 Beds / 2 Bath

1954 Year Build

1,828 Home Square Feet

15,230 Lot Size

July 12th, 2023 Closing

Vacant at close

No apparent issues with foundation, plumbing, or electrical

Repairs needed:

Roof has a leak in one corner that has damaged some sheetrock.

Full cosmetic upgrades

Location Details: 

Walk across the street to your very own private access to the lake. Every day is like a family vacation living so close to the lake. See it today.