133 Cemetery Rd, Covington, TX, 76636 | 8.25% Rental Yield

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133 Cemetery Rd, Covington, TX, 76636 | 8.25% Rental Yield | 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

Rental property for sale in Covington at 133 Cemetery Rd, Covington, TX, 76636 offers $1,546/mo rent that, after a $1,101/mo payment. Total monthly income is $1,546/mo. Return on cash invested measures 19.04% in year one, and rental yield stands at 8.25% at a $225,000 entry. Equity gained on principal adds $1,452/yr while 5% annual appreciation compounds into $62,163 by year five. Five-year ROI records 99.45% and total cumulative return in cash reaches $74,181. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,546/mo property income versus a $1,101/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Manufactured

Built in 2016

1.97 Acres lot

$N/A/sqft

No HOA

More details about the property

Enjoy small town living with room to spread out! Located within Covington city limits, this 2016 manufactured home sits on 1.96 acres, giving you both convenience and space. The home features 3 bedrooms, 2 full bathrooms, and 1,246 sq. ft. of comfortable living. An open concept layout connects the living, dining, and kitchen areas, perfect for everyday living or entertaining. The split bedroom floor plan offers privacy for the primary suite with its own bath, while two additional bedrooms and a full bath provide space for family and guests. Outside, youll find nearly 2 acres of land to make your own ideal for pets, gardens, a workshop, or simply enjoying peaceful Texas sunsets. Being inside the city limits means youll have access to city services while still enjoying the benefits of country living. Located in Covington ISD, this property blends the charm of a tight knit community with quick access to Grandview, Hillsboro, and Cleburne. At just $225,000, its one of the best values for acreage in town, affordable, move in ready, and full of potential.

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