182 Hcr #1431, Covington, TX, 76636 | Equity Gain $6,775/yr

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182 Hcr #1431, Covington, TX, 76636 | Equity Gain $6,775/yr | 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 182 Hcr #1431, Covington, TX, 76636 generates $1,546/mo in rent, after a $5,139/mo payment. Total monthly income is $1,546/mo. Return on cash invested sits at -0.51% in year one, and rental yield is 1.77% on a $1,050,000 entry. Equity gained on principal adds $6,775/yr, while 5% annual appreciation builds toward $290,096 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,546/mo property income rather than buyer’s personal income.

Single Family

Built in 2024

23.50 Acres lot

$N/A/sqft

No HOA

More details about the property

This 5 bedroom, 3 full baths, 2 half bath home is situated on an expansive 23.5 acres and includes a large workshop equipped with electricity. The saltwater pool is fully enclosed with wrought iron fencing. Study is off the entry & has built-in shelving & cabinets. Formal dining has beautiful chandelier & natural light. The living room boasts a stunning floor-to-ceiling stone fireplace that includes a wood stove. The kitchen is well-appointed with an island, breakfast bar, quartz countertops, double oven, and a walk-in pantry. The spacious primary bedroom features a vaulted ceiling. The primary bathroom includes dual sinks, a garden tub, and a walk-in shower. Secondary bedrooms are on the second floor & showcase beautiful tile work and elegant finishes. The utility room is equipped with built-in cabinets and a sink. Half bath includes a vanity. Come see this gorgeous property that is bordered by the Aquilla Creek!!

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