11039 State Highway 171, Covington, TX, 76636 | $89/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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11039 State Highway 171, Covington, TX, 76636 | $89/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Covington at 11039 State Highway 171, Covington, TX, 76636 offers a 8.86% rental yield on a $325,000 purchase with $2,400/mo rent. Total monthly income registers $2,400/mo, and a $1,591/mo payment leaves $89/mo available for distribution. Annual cash flow reaches $1,063/yr on $107,738 to close, and return on cash invested stands at 20.9% in year one. Equity gained on principal adds $2,097/yr while 5% annual appreciation supports $89,792 over five years. Portfolio math shows five-year ROI at 109.36% and total cumulative return in cash at $117,817. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,400/mo property income against a $1,591/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1973

0.90 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome home! This well-maintained home sits on just under an acre. The home consists of 4 bedrooms, 2 baths, large living room with cathedral ceiling and a floor to ceiling bricked fireplace with built-ins on either side. The wide galley kitchen feels roomy as it opens partly to the living room and has a cozy dining nook, and has plenty of storage including two pantries. The large 4th bedroom, originally built as a game room, has a spacious walk-in closet and access to the back porch. Enjoy the view from your back porch of the lovingly maintained yard with lush grass that provides plenty of room for a garden, outdoor gatherings or just relaxing. There is an enclosed addition on the back that adds flexibility to be used for entertaining, outdoor game room or even storage. The location of the property provides easy accessibility to Cleburne and Hillsboro as they are only 15 minutes either way. Situated just north of Covington on State Hwy 171 with frontage for potential commercial visibility.

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