256 Lilac Ln · Azle, TX 76020

$121,019

3 bd · 2.0 ba · 1,214 sqft · SingleFamily public records · 9 Days on market

Built 1987 0.26 ac lot Est $231k · 48% under

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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 +22.8/30.0
• ARV discount +15.0/15.0
• 1% rule +8.6/10.0
• DSCR +7.3/10.0
• 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

Single-story brick home located in the peaceful area with so much potential, just bring your personal touches and update to make your own. This property has 3 bedrooms, 1 full bath and a door in the primary bedroom accessing it also. It has a nice size kitchen and dining area, a single car garage, a large laundry room and big back yard. It would make a great retirement home or rental property just bring your imagination. Two business day wait period from time of listing for offers. This is a USDA property sold As-Is, Where-Is. Title will only be conveyed by Quitclaim Deed. Buyers must sign the Hold Harmless form before entering the property. Buyer to verify all information.

Key facts

• Big back yard
• Large laundry room
• 0.26 acre lot

Tags

• SINGLE STORY BRICK HOME
• LARGE LAUNDRY ROOM
• BIG BACK YARD

Property features AI

Finance

• Financial info: Listing terms include cash and conventional financing; Special listing condition: Real Estate Owned
• HOA & community: No homeowners association

Exterior

• Parking: Attached 1-car garage (approx. 12' x 20'); 1 covered parking space
• Utilities: City water; City sewer; Co-op electric; Asphalt access
• Home design: Single-family residence; Residential property; One-story; Preowned (built in 1987)
• Construction: Brick construction; Composition roof; Slab foundation; Built in 1987
• Exterior features: Few trees; Interior, level lot; Wire fencing; Driveway

Interior

• Kitchen: Galley kitchen; Disposal; Electric water heater
• Bedrooms: 3 bedrooms (all on the main level); Primary bedroom on the main level
• Flooring: Carpet; Vinyl
• Bathrooms: 1 full bathroom with garden tub
• Heating & cooling: Central heating (electric); Central air conditioning; Ceiling fans
• Interior features: Cable TV available; High-speed internet available; Window coverings; One living area; One dining area; Total of 8 rooms; One-level home
• Laundry & utility: Full-size washer/dryer area; Washer hookup; Electric dryer hookup; Laundry room with space for a freezer

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $121k.

Deal economics

• At list price, monthly cash flow is $211 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $121k).
• Cap rate 8.4% 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: schools C-, health & safety D+, amenities 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.
• Market conditions: Rents rising (+2.3%/yr); 596 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 14d 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 $836 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 9 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $62k; list at $121k implies a 94% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 4.0% of price.
• Climate carrying-cost: 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 $121,019

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: 1.36% ✓
• Cap rate: 8.39%
• Cash-on-cash: 7.48%
• DSCR: 1.33
• GRM: 6.1

CMA / ARV

• ARV (on-the-fly): $230,660
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
248 Mountain View Dr	0.07mi	3/1.0	1,200 (-1%)	2mo	$240,000	$200	89
248 Gordon Dr	0.07mi	3/1.0	1,249 (+3%)	2mo	$225,000	$180	86
245 Gordon Dr	0.11mi	3/1.0	1,264 (+4%)	4mo	$214,900	$170	81
1525 Lark Ct	0.40mi	3/2.0	1,216 (+0%)	10mo	$185,000	$152	73
141 Mountain View Dr	0.31mi	3/2.0	1,264 (+4%)	10mo	$265,000	$210	70
133 Gordon Dr	0.35mi	3/1.0	1,289 (+6%)	1mo	$225,900	$175	69
1337 Fox Hollow Ct	0.49mi	3/2.0	1,090 (-10%)	2mo	$215,000	$197	58
1517 Pelican Dr N	0.67mi	3/2.0	1,178 (-3%)	8mo	$65,000	$55	57
1520 Whippoorwill Way	0.49mi	3/2.0	1,342 (+10%)	4mo	$254,000	$189	56
1428 Sandy Beach Rd	0.75mi	3/2.0	1,220 (+0%)	14mo	$244,900	$201	53
1344 Dawn Ct	0.58mi	3/2.0	1,132 (-7%)	12mo	$215,000	$190	52
1532 Sheri Ln N	0.75mi	3/2.0	1,109 (-9%)	14mo	$215,000	$194	40

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: -5.7%
• Equity multiple: 0.79×
• Total profit: $-7,104
• Equity at exit: $18,044

10-year hold

• IRR: 3.1%
• Equity multiple: 1.22×
• Total profit: $7,287
• Equity at exit: $10,464

Cash invested: $33,885 (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: 596
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $1,645 high
• Mortgage (P&I): −$635
• Tax from tax record: −$403 /mo · $4,836/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$345
• Net cashflow: $211

Break-even live

Break-even rent $1,377

Max offer price $121,019

Occupancy floor 82%

Sensitivity live

Price	-10% $280	-5% $246	+0% $211	+5% $177	+10% $143
Rent	-10% $81	-5% $146	+0% $211	+5% $276	+10% $341
Rate	-1.0pp $272	-0.5pp $242	base $211	+0.5pp $180	+1.0pp $148

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: $30,255
• Closing costs: $3,631
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1329 Fox Hollow Ct Azle, TX	2.0	1.0	924	$900	$0.97	7d	1	0.52mi
11124 Liberty School Rd Unit 24B Azle, TX	2.0	2.0	700	$999	$1.43	23d	1	0.65mi
11128 Liberty School Rd Unit 28A Azle, TX	2.0	2.0	700	$1,050	$1.50	26d	1	0.66mi
1300 White Sand Dr Unit 1304 Azle, TX	3.0	2.0	1149	$1,695	$1.48	45d	1	0.66mi
1844 Sheila Dr Azle, TX	3.0	2.0	1319	$1,645	$1.25	0d	1	0.67mi
1324 White Sand Dr Azle, TX	3.0	2.0	1149	$1,650	$1.44	6d	1	0.69mi
1304 White Sand Dr Azle, TX	3.0	2.0	1149	$1,695	$1.48	45d	1	0.71mi
1408 Yachtclub Dr Azle, TX	3.0	2.0	1302	$2,000	$1.54	14d	1	0.80mi
1920 Reef Ct Azle, TX	3.0	2.0	1090	$1,449	$1.33	45d	1	0.84mi
1620 Mockingbird Ln Azle, TX	3.0	2.0	1090	$1,499	$1.38	22d	1	0.91mi
424 Lochridge Dr Unit 424 Azle, TX	3.0	2.0	1182	$1,575	$1.33	14d	1	1.02mi
1021 Timberoaks Dr Azle, TX	1.0–2.0	1.0–1.5	792	$1,250	$1.58	0d	16	1.05mi
700 Stribling Cir Azle, TX	3.0	2.0	1311	$1,659	$1.27	18d	1	1.18mi
745 Timberoaks Dr Azle, TX	3.0	2.0	1304	$1,865	$1.43	5d	1	1.32mi
525 Commerce St Azle, TX	1.0–3.0	1.0–2.0	852	$1,405	$1.65	0d	1	1.37mi

Listing history 7 events

1. 2026-06-21
   days on market $121,019 Active 9 DOM
2. 2026-06-18
   days on market $121,019 Active 6 DOM
3. 2026-06-17
   days on market $121,019 Active 5 DOM
4. 2026-06-16
   days on market $121,019 Active 4 DOM
5. 2026-06-15
   days on market $121,019 Active 3 DOM
6. 2026-06-13
   remarks 682-char remark
7. 2026-06-13
   listed $121,019 Active 1 DOM

ⓘ 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: $4,836 · $403/mo
• Projected year-2 tax: $4,836 · $403/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 4/10 Moderate 21% 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: $19,738
• − Mortgage interest: −$6,779
• − Property taxes: −$4,836
• − Insurance: −$605
• − Repairs & maintenance: −$1,579
• − Management: −$1,579
• − Depreciation: −$3,521
• Taxable income: $839
• Est. tax owed @ 24.0%: −$201
• After-tax cash flow: $2,335/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

+93.7% since first listed

3 events — show timeline

• 2026-06-12 Listed $121,019 NTREIS
• 1993-11-19 Sold (Public Records) $62,483 Public Records
• 1986-12-17 Sold (Public Records) — Public Records

Property tax history

+5.9%/yr

Latest (2025): $4,836 · -1.0% YoY. Source: county tax records.