1 State Highway 171CovingtonTX76636
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Covington at 1 State Highway 171, Covington, TX, 76636 listed at $143,940 pairs $1,679/mo rent with a $705/mo payment to leave $655/mo cash flow. Total monthly income runs $1,679/mo, and annual cash flow reaches $7,859/yr on $47,716 cash to close. Return on cash invested measures 36.38% in year one, and rental yield registers 14% at a $143,940 basis. Equity gained on principal adds $929/yr, and annual property appreciation at 5% supports $39,768 by year five. Five-year ROI tracks 192.41% and total cumulative return in cash totals $91,811. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,679/mo property income relative to a $705/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Lot
Built in N/A
2.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76636, Covington, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 709 (100%) |
| Owner Occupied HU | 526 (74.2%) |
| Renter Occupied HU | 89 (12.6%) |
| Vacant Housing Units | 94 (13.3%) |
| Median Home Value | $264,130 |
| Average Home Value | $354,254 |
Housing Distribution
Address Breakdown
Residential
538
Single Family
538
Multi-Family
0
Businesses
40
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Monica Wofford • Wofford Realty
Mls Name: NTREIS
Mls ID: #20541687
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.