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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Covington at 1224 Hcr #1425, Covington, TX, 76636 offers a 13.67% rental yield on a $213,900 purchase with $2,436/mo rent. Total monthly income registers $2,436/mo, and a $1,047/mo payment leaves $915/mo available for distribution. Annual cash flow reaches $10,978/yr on $70,908 to close, and return on cash invested stands at 35.39% in year one. Equity gained on principal adds $1,380/yr while 5% annual appreciation supports $59,097 over five years. Portfolio math shows five-year ROI at 187.08% and total cumulative return in cash at $132,652. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,436/mo property income against a $1,047/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2005
2 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76636, Covington, TX area.
| 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 |
Residential
538
Single Family
538
Multi-Family
0
Businesses
40
Date | Event | Price |
|---|---|---|
| 2024-12-20 | Price change | $213,900 |
| 2024-12-03 | Listed for sale | $214,900 |
| 2024-03-18 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | N/A | N/A | $177,870 | 7.25% |
| 2023-12-27 | $819.65 | 13.32% | $165,850 | 20.17% |
| 2022-12-27 | $723.31 | 20.48% | $138,010 | 30.95% |
Listed by: Edward Mcclintick • Joseph Walter Realty, LLC
Mls Name: NTREIS
Mls ID: #20789500
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.
