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$475,000

$485,000

7485 Portwood Rd, Azle, TX, 76020

On MarketInfo
Price DropInfo
Beds4 Beds
Baths3 Bath
Baths2,128 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$223.21 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDryer, Gas Range, Refrigerator, Washer

Exterior

Exterior FeaturesStorage, Garden
Lot Size21,780 sqft

Building Information

Year Built1972
Garage Spaces2

Land Information

APNA1127---1C-----01
SubdivisionM E P & P Rr Co Survey #41
Land UseResidential
Legal DescriptionM E P & P RR CO SURVEY #41 ABSTRACT 1127 TRACT 1C HS
Census Tract114203
Assessed Land Value$75,000
Assessed Improvement Value$169,000
Assessment Year2025

About this property

Enjoy country living just minutes from Eagle Mountain Lake! This versatile property offers space, function, and opportunity, all set on AG EXEMPT land currently producing hay—helping keep property taxes low. The home features a flexible layout that can function as up to 5 bedrooms or be customized with additional living spaces, home office, or game room to fit your needs. With over 2,100 square feet, there’s plenty of room to spread out and make it your own. Built in the 1970s, the home offers solid bones and character, presenting a great opportunity for updates and personalization to match your style. Recent updates include a roof approximately one year old and new PEX waterlines run throughout the home, offering added peace of mind and modern plumbing efficiency. The property also offers great outdoor amenities, including a stable with turnout pen, perfect for horses or livestock. Nature lovers will appreciate the established blackberry bushes, along with mature plum and pecan trees, providing seasonal fruit and a true Texas country feel. The open land and current hay production create both agricultural value and wide-open views. Whether you’re looking for a small ranch, hobby farm, or simply a place with room to grow, this property offers a rare combination of location, flexibility, and land use potential—just a short drive to Eagle Mountain Lake for recreation and relaxation.

Investor Tools

$0Estimated Mortgage Balance
$480,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,880 /month
Positive
Cash Flow Estimate:
$960 /month

Interested in this property?

Michael Wright

CLARK REAL ESTATE GROUP

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$262/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$745
$244,000
2025
$75,000
$169,000
$244,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$745
$244,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
G F Mtg Corp
N/A
$107,350
N/A
First
Sep 13, 1995
Oct 2025

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$480,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
N/A
+$1,960/mo
4.9%

Learn About the Market: Opportunity in Texas

Local Market Pages
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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Azle

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