$450,000
●
House -
Off Market
917 Fox Lane
Azle, TX 76020
4 Beds
0 Bath
3,312 Ft²
$2,923
Est. Monthly
4.50%
Cap Rate
About This Property
Are you looking for a small farm or an income-generating property?
Discover this 6.45-acre parcel featuring a 3200 sq ft home with
endless possibilities. Though the home needs some TLC, it has been
divided into two 1200 sq ft apartments, with a third space ready
for renovation or use as storage. There are also potential
homesites for building your custom home.
The property includes outbuildings, a garage, and fenced areas perfect for livestock. Enjoy the garden areas ready for planting and a live year-round creek that borders the south side of the property. Mature trees provide shade and beauty, and a large patio area offers outdoor relaxation. The home features a newer roof and windows, ample storage, a built-in gun case, slate floors, a wood stove, and a fireplace.
Situated at the end of a dead-end road with a 400ft driveway, this property offers privacy and tranquility. It is equipped with a well and septic system. Lots of potential!
The property includes outbuildings, a garage, and fenced areas perfect for livestock. Enjoy the garden areas ready for planting and a live year-round creek that borders the south side of the property. Mature trees provide shade and beauty, and a large patio area offers outdoor relaxation. The home features a newer roof and windows, ample storage, a built-in gun case, slate floors, a wood stove, and a fireplace.
Situated at the end of a dead-end road with a 400ft driveway, this property offers privacy and tranquility. It is equipped with a well and septic system. Lots of potential!
Unit Size
3,312 Ft²
Days on Market
-
Land Size
6.46 acres
Price per sqft
$136
Property Type
House
Property Taxes
$713
HOA Dues
-
Year Built
1980
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 years ago (NTREIS #20668297)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 30, 2024 | Sold | ||
| Sold | |||
| Jul 18, 2024 | In contract | - | |
| In contract | |||
| Jul 8, 2024 | Listed by Elite Real Estate Texas | $450,000 | |
| Listed by Elite Real Estate Texas | |||
| Jun 8, 2024 | No longer available | - | |
| No longer available | |||
| Nov 8, 2023 | Listed by Listing Results, LLC | $450,000 | |
| Listed by Listing Results, LLC | |||
| | |||
|
Are you looking for a small farm? Income? Take a look at this 6.45 acre parcel with 3200sq ft older home that needs some TLC. The home has been divided into two 1200 sq ft apartments, with a 3rd ready to renovate or use as storage. Potential homesites for building your custom home...Outbuildings, garage and fenced areas for livestock. Garden areas ready to plant. Live year round creek borders south side of property. Mature trees. Large patio area. Newer roof, windows. Lots of storage, built in gun case, slate floors, wood stove, fireplace. Dead end road. 400ft drive. Well and septic. Due to the condition of this home, a conventional mortgage may be unavailable for this property.
| |||
Property Highlights
Garage
Parking Available
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Tarrant
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Joseph Gomez, Elite Real Estate Texas
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20668297
Details provided by NTREIS and may not match the public record
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20668297
Details provided by NTREIS and may not match the public record
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017