131 Hcr #1417CovingtonTX76636
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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
Investment Highlights
Investment property for sale in Covington at 131 Hcr #1417, Covington, TX, 76636 listed at $1,199,000 pairs $2,014/mo rent with a $5,869/mo payment. Total monthly income runs $2,014/mo. Return on cash invested measures 0.25% in year one, and rental yield registers 2.02% at a $1,199,000 basis. Equity gained on principal adds $7,737/yr, and annual property appreciation at 5% supports $331,262 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,014/mo property income relative to a $5,869/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2022
50 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
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