329 Walnut Ave · Azle, TX 76020

$136,800

3 bd · 2.0 ba · 1,543 sqft · SingleFamily public records · 6 Days on market

Built 1984 0.34 ac lot $89/sqft · 44% below area Est $245k · 44% under ↓ 33% since listing

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +26.6/30.0
• ARV discount +15.0/15.0
• 1% rule +9.4/10.0
• DSCR +9.1/10.0
• Schools +3.6/10.0
• Livability +3.6/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Great opportunity to bring your imagination and create the home that matches your style. With a spacious floorplan, converted garage and addition behind the conversion, this home has room to spread out. Located on a fenced, corner lot, the home provides a great space for outdoor living. Help transform this gem into the diamond it can be. Located conveniently to nearby main roadways, city services, and shopping without the congession of city life.

Key facts

• Spacious floorplan
• Converted garage
• Fenced corner lot

Tags

• SPACIOUS FLOORPLAN
• CONVERTED GARAGE
• FENCED CORNER LOT
• OUTDOOR LIVING

Property features AI

Finance

• Other: Subdivision: High School Add; Directions: East of the Azle Manor, off Walnut Ave.
• Financial info: Listing accepts Cash, Conventional, and FHA financing; Property listed as real estate owned
• HOA & community: No association

Exterior

• Parking: Driveway
• Utilities: City water; City sewer; All-weather road
• Home design: Single-family residence; Residential property; Built in 1984; One story; Composition roof; Property is not attached
• Construction: Composition roof; Built in 1984
• Exterior features: Chain-link fence; Corner lot; All-weather road access; City water and city sewer

Interior

• Kitchen: No appliances included
• Bedrooms: 3 bedrooms (primary bedroom on main level)
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning; Gas fireplace
• Interior features: High-speed internet available; Two living areas; One dining area; One level
• Laundry & utility: No washer/dryer or utility appliances listed

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $137k.

Deal economics

• At list price, monthly cash flow is $368 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $137k).
• Cap rate 9.5% vs local median 3.1% in Azle — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 72/100 on livability (#267 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, employment A; Watch: health & safety D+, amenities F, commute F.
• Azle ISD (suburban): math 37% / reading 43% proficiency, ranked #351 of 826 in TX (top 42%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Walnut Creek El (math 37% / reading 46%, grade F, #1,437 of 4,322 statewide, top 34%, 632 students, 48% FRL); Azle J H South (math 31% / reading 41%, grade F, #805 of 1,662 statewide, top 50%, 584 students, 43% FRL); Azle H S (math 41% / reading 50%, grade D-, #634 of 1,632 statewide, top 39%, 2,054 students, 44% FRL) — zoned schools at 45% FRL track the district average.
• Market conditions: Rents rising (+2.3%/yr); 594 active listings in the ZIP; 35 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 18,938 units permitted in Tarrant County in 2024 (8,336 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $946 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Tarrant County population projected at +41% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: property tax is 3.6% of price.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $136,800

Questions for the listing agent

1. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
4. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
5. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.44% ✓
• Cap rate: 9.52%
• Cash-on-cash: 11.53%
• DSCR: 1.51
• GRM: 5.8

CMA / ARV

• ARV (median comp): $245,209
• List price: $136,800
• Delta: -28.67%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
905 Poe St	0.05mi	3/2.5	1,594 (+3%)	4mo	$287,000	$180	87
1017 Jarvis Ln	0.35mi	3/2.0	1,542 (-0%)	0mo	$269,000	$174	83
204 Post Oak St	0.56mi	3/2.0	1,561 (+1%)	5mo	$293,000	$188	68
301 Post Oak St	0.47mi	3/2.0	1,602 (+4%)	6mo	$296,824	$185	67
905 Martha Ln	0.35mi	3/2.0	1,366 (-12%)	5mo	$250,000	$183	61
205 Pine St	0.62mi	3/2.0	1,602 (+4%)	5mo	$282,474	$176	60
561 Ascot Way	0.48mi	3/2.0	1,662 (+8%)	6mo	$278,000	$167	60
209 N Jarvis Ln	0.45mi	3/2.0	1,350 (-12%)	0mo	$220,000	$163	58
637 Inwood Rd	0.65mi	3/2.0	1,437 (-7%)	1mo	$249,000	$173	58
508 Logan Dr	0.56mi	3/2.0	1,405 (-9%)	2mo	$250,000	$178	57
688 Harbor Dr N	0.54mi	2/2.0 (-1)	1,701 (+10%)	2mo	$475,000	$279	52
749 Oak Park Dr	0.73mi	3/2.0	1,397 (-10%)	4mo	$230,000	$165	47

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 2.31% rent growth · sell at horizon

5-year hold

• IRR: 0.1%
• Equity multiple: 1.00×
• Total profit: $98
• Equity at exit: $20,397

10-year hold

• IRR: 9.0%
• Equity multiple: 1.67×
• Total profit: $25,507
• Equity at exit: $11,828

Cash invested: $38,304 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Texas: 87 Strongly Landlord-Friendly · R+5
• County: — inherits STATE
• City: — inherits STATE

3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.

Methodology + full state rankings →

ZIP-level market 76020

• Home prices YoY: -20.6%
• Rents YoY: 2.3%
• Active inventory: 594
• Price-to-rent: 5.8×

Monthly cashflow live

• Estimated rent: $1,966 high
• Mortgage (P&I): −$717
• Tax from tax record: −$411 /mo · $4,926/yr
• Insurance: −$57
• HOA: −$0
• Vacancy / Maint / Mgmt: −$413
• Net cashflow: $368

Break-even live

Break-even rent $1,500

Max offer price $136,800

Occupancy floor 76%

Sensitivity live

Price	-10% $446	-5% $407	+0% $368	+5% $329	+10% $291
Rent	-10% $213	-5% $290	+0% $368	+5% $446	+10% $523
Rate	-1.0pp $437	-0.5pp $403	base $368	+0.5pp $333	+1.0pp $297

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $34,200
• Closing costs: $4,104
• Reserves months: —
• Total cash needed: —

Rent comps 35 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
728 Poe St Azle, TX	3.0	2.0	1249	$1,675	$1.34	26d	1	0.15mi
1002 N Stewart St Azle, TX	3.0	1.0	1119	$1,400	$1.25	45d	1	0.24mi
220 School St Azle, TX	3.0	2.0	1423	$1,895	$1.33	45d	1	0.25mi
444 Windsail Ln Azle, TX	3.0	2.0	1811	$2,500	$1.38	45d	1	0.30mi
228 N Jarvis Ln Azle, TX	3.0	2.0	1618	$1,950	$1.21	26d	1	0.38mi
228 N Jarvis Ln Azle, TX	3.0	2.0	1618	$1,950	$1.21	7d	1	0.38mi
605 Madeline Ct Azle, TX	3.0	2.5	1714	$2,400	$1.40	45d	1	0.46mi
108 Parkwood Ct Azle, TX	3.0	2.0	1226	$1,899	$1.55	4d	1	0.49mi
617 Park St Azle, TX	3.0	2.0	1650	$1,995	$1.21	13d	1	0.50mi
216 Post Oak St Azle, TX	3.0	2.0	1581	$1,995	$1.26	14d	1	0.52mi
700 Stribling Cir Azle, TX	3.0	2.0	1311	$1,659	$1.27	18d	1	0.52mi
629 Madeline Ct Azle, TX	4.0	2.0	1937	$2,200	$1.14	22d	1	0.53mi
1312 Pistachio Dr Azle, TX	4.0	2.0	1964	$2,495	$1.27	5d	1	0.64mi
941 Lake Ridge Dr Azle, TX	3.0	2.0	1641	$2,200	$1.34	45d	1	0.79mi
549 Dylan Ct Azle, TX	3.0	2.0	1730	$2,250	$1.30	9d	1	0.79mi
1245 Village Garden Dr Azle, TX	4.0	2.0	1246	$1,300	$1.04	45d	1	0.94mi
745 Timberoaks Dr Azle, TX	3.0	2.0	1304	$1,865	$1.43	5d	1	0.94mi
1321 Village Garden Dr Azle, TX	4.0	2.0	1246	$1,650	$1.32	26d	1	0.95mi
1317 Village Garden Dr Azle, TX	4.0	2.0	1246	$1,650	$1.32	26d	1	0.95mi
424 Lochridge Dr Unit 424 Azle, TX	3.0	2.0	1182	$1,575	$1.33	14d	1	0.95mi
1305 Village Garden Dr Azle, TX	4.0	2.0	1300	$1,600	$1.23	6d	1	0.95mi
1305 Village Garden Dr Azle, TX	4.0	2.0	1300	$1,600	$1.23	26d	1	0.95mi
1104 Edgewater Dr Azle, TX	3.0	2.0	1686	$2,100	$1.25	23d	1	0.98mi
821 Timberoaks Dr Azle, TX	3.0	2.0	1742	$1,875	$1.08	45d	1	1.03mi
316 Lochridge Dr Azle, TX	2.0	2.0	1627	$1,645	$1.01	7d	1	1.03mi
515 W Main St Azle, TX	2.0	1.0	1080	$1,250	$1.16	45d	1	1.10mi
527 W Main St Apt 40 Azle, TX	2.0	1.0	1080	$1,250	$1.16	45d	1	1.16mi
120 Glenhaven Dr Azle, TX	4.0	3.0	1553	$1,950	$1.26	6d	1	1.24mi
1005 Idlewood Ave Azle, TX	3.0	3.0	1456	$1,899	$1.30	26d	1	1.26mi
101 Glenhaven Dr Azle, TX	3.0	2.0	1534	$1,825	$1.19	21d	1	1.27mi
233 Abingdon St Azle, TX	4.0	2.0	2079	$2,400	$1.15	45d	1	1.31mi
424 Attalla St Azle, TX	4.0	2.0	2083	$2,099	$1.01	6d	1	1.32mi
413 Glenhaven Dr Azle, TX	4.0	2.0	1824	$2,150	$1.18	26d	1	1.39mi
213 Asheville St Azle, TX	4.0	2.0	1678	$2,300	$1.37	45d	1	1.42mi
819 Keli Ct Azle, TX	3.0	2.0	1082	$1,600	$1.48	20d	1	1.42mi

Listing history 17 events

1. 2026-06-21
   days on market $136,800 Active 6 DOM
2. 2026-06-18
   days on market $136,800 Active 3 DOM
3. 2026-06-17
   days on market $136,800 Active 2 DOM
4. 2026-06-16
   pricedays on marketlisting id $136,800 Active 1 DOM
5. 2026-06-09
   days on market $174,900 Active 91 DOM
6. 2026-06-08
   days on market $174,900 Active 90 DOM
7. 2026-06-07
   days on market $174,900 Active 89 DOM
8. 2026-06-04
   days on market $174,900 Active 86 DOM
9. 2026-06-03
   days on market $174,900 Active 85 DOM
10. 2026-06-02
    pricedays on market $174,900 Active 84 DOM
11. 2026-06-01
    days on market $184,500 Active 83 DOM
12. 2026-05-31
    days on market $184,500 Active 82 DOM
13. 2026-05-10
    price $184,500 450-char remark
14. 2026-04-13
    price $194,750 450-char remark
15. 2026-03-10
    listed $205,000 Active 450-char remark
16. 2002-10-10
    soldstatus
17. 1986-05-14
    soldstatus

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast TX · Resets to sale price

• Current annual tax: $4,926 · $411/mo
• Projected year-2 tax: $4,926 · $411/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 7/10 Severe 7 d/yr ≥109°F today · 22 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,590
• − Mortgage interest: −$7,663
• − Property taxes: −$4,926
• − Insurance: −$684
• − Repairs & maintenance: −$1,887
• − Management: −$1,887
• − Depreciation: −$3,980
• Taxable income: $2,563
• Est. tax owed @ 24.0%: −$615
• After-tax cash flow: $3,802/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Azle ISD
• NCES district ID: 4809200
• Math proficiency: 37% ▼ -11.00%
• Reading proficiency: 43% ▼ -5.00%
• Median HH income: $61,473
• Composite: 35.57/100
• National rank: #4900
• State rank: #351 of 826 in TX

Livability — Azle

• Score: 72/100
• State rank: #267
• US rank: #6239

Category grades

Amenities F Commute F Cost of living A+ Crime B- Employment A Housing A+ Health & safety D+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Azle, TX
• County: Parker County · 144,797 people
• City population: 34,602
• Metro: Dallas-Fort Worth-Arlington, TX
• Population (ZIP): 34,602
• Household income: $87,298
• Rent vs Own: 22.3% rent · 77.7% own
• Severe rent burden: 433.0

Population outlook (Tarrant County) Hauer SSP2

• Today (2025): 2,380,417 people
• By 2030: 2,578,900 · +8.3%
• By 2040: 2,974,995 · +25.0%
• By 2050: 3,350,489 · +40.8%
• By 2075: 4,216,909 · +77.2%
• By 2100: 4,741,527 · +99.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (78%)
• Race & ethnicity: White 78% Hispanic / Latino 18% Two or more races 9% Black 1%
• Hispanic origin (detail): Mexican 15%
• Common ancestry: Slovak 2% Italian 1% Portuguese 1%
• Foreign-born: 5% · Canada
• Languages at home: 89% English-only · Spanish 11%

Political lean MEDSL · Tarrant

• 2024 margin: Lean R (+5.1) · D 46.7% · R 51.9% · Other 1.4%
• 2008→2024 swing: +6.6pp toward D · 2008: -11.7pp · 2024: -5.1pp
• All cycles: 2024: R+5.1 2020: D+0.2 2016: R+8.7 2012: R+15.7 2008: R+11.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -74.72%
• Current HPI: 287.155
• Rent YoY: ▲ 2.31%
• Metro: Dallas-Fort Worth-Arlington, TX
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

Industry mix (Fortune 500 HQ in TX)

Industry	F500 HQs	Revenue
▸Energy	16	$1,198B
▸Technology	5	$198B
▸Engineering / Construction	4	$72B
▸Energy Services	3	$60B
▸Utilities	3	$41B
▸Healthcare	2	$330B

Price history

-33.3% since first listed

8 events — show timeline

• 2026-06-15 Listed $136,800 NTREIS
• 2026-06-10 Listing Removed — NTREIS
• 2026-06-02 Price Changed $174,900 NTREIS
• 2026-05-10 Price Changed $184,500 NTREIS
• 2026-04-13 Price Changed $194,750 NTREIS
• 2026-03-10 Listed $205,000 NTREIS
• 2002-10-10 Sold (Public Records) — Public Records
• 1986-05-14 Sold (Public Records) — Public Records

Property tax history

+5.3%/yr

Latest (2025): $4,926 · +18.8% YoY. Source: county tax records.