15 Covington DrLongviewTX75602
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Longview at 15 Covington Dr, Longview, TX, 75602 at $199,000 posts ROI 17.77% with from $1,499/mo rent. Total monthly income equals $1,499/mo. Return on cash invested measures 17.77% and rental yield reads 9.04% at the current $199,000. Equity gained on principal adds $1,284/yr, and 5% annual appreciation supports $54,980 by year five. Five-year ROI prints 93.94% and total cumulative return in cash totals $61,974. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,499/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1957
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75602, Longview, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,837 (100%) |
| Owner Occupied HU | 4,714 (53.3%) |
| Renter Occupied HU | 3,061 (34.6%) |
| Vacant Housing Units | 1,062 (12.0%) |
| Median Home Value | $127,415 |
| Average Home Value | $228,325 |
Housing Distribution
Address Breakdown
Residential
8,323
Single Family
7,625
Multi-Family
698
Businesses
563
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