2 State Highway 171CovingtonTX76636
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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 2 State Highway 171, Covington, TX, 76636 offers a 24.34% rental yield on a $112,080 purchase with $2,273/mo rent. Total monthly income registers $2,273/mo, and a $549/mo payment leaves $1,476/mo available for distribution. Annual cash flow reaches $17,707/yr on $37,155 to close, and return on cash invested stands at 67.57% in year one. Equity gained on principal adds $723/yr while 5% annual appreciation supports $30,966 over five years. Portfolio math shows five-year ROI at 359.68% and total cumulative return in cash at $133,637. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,273/mo property income against a $549/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Lot
Built in N/A
1.87 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: Monica Wofford • Wofford Realty
Mls Name: NTREIS
Mls ID: #20541937
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.