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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% |
Rental property for sale in Covington at 1322 Hcr #1414, Covington, TX, 76636 generates $2,310/mo in rent, after a $1,615/mo payment. Total monthly income is $2,310/mo. Return on cash invested sits at 19.51% in year one, and rental yield is 8.4% on a $330,000 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation builds toward $91,173 over five years. Five-year ROI reaches 101.93% and total cumulative return in cash sums $111,503. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,310/mo property income rather than buyer’s personal income.
Single Family
Built in 2012
2.17 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 |
|---|---|---|
| 2024-10-29 | Price change | $330,000 |
| 2024-10-04 | Price change | $335,000 |
| 2024-09-30 | Listed for sale | $340,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-23 | N/A | N/A | $328,120 | 5.73% |
| 2023-11-23 | $1765.22 | -1.84% | $310,330 | 4.23% |
| 2022-11-23 | $1798.22 | 29.48% | $297,750 | 40.18% |
Listed by: Debra Wisnewski • Keller Williams Realty
Mls Name: NTREIS
Mls ID: #20731914
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.
