1381 Fm 67CovingtonTX76636
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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 1381 Fm 67, Covington, TX, 76636 uses $76,245 cash to close to unlock $1,058/yr annual cash flow and $88/mo monthly cash flow. Total monthly income runs $1,724/mo, and a $1,126/mo payment keeps the spread at $88/mo. Purchase price stands at $230,000, and rental yield measures 8.99% with $1,724/mo rent. Return on cash invested shows 21.3% in year one, and 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 111.53% and total cumulative return in cash records $85,039. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,724/mo property income covering a $1,126/mo payment rather than investor’s personal income.
Manufactured
Built in 2008
0.58 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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Listed by: Kassaundra Swain • LPT Realty, LLC
Mls Name: NTREIS
Mls ID: #20973235
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.