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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Covington at 340 Hcr #1428, Covington, TX, 76636 listed at $649,999 pairs $2,430/mo rent with a $3,181/mo payment. Total monthly income runs $2,430/mo. Return on cash invested measures 7.76% in year one, and rental yield registers 4.49% at a $649,999 basis. Equity gained on principal adds $4,194/yr, and annual property appreciation at 5% supports $179,583 by year five. Five-year ROI tracks 38.89% and total cumulative return in cash totals $83,173. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,430/mo property income relative to a $3,181/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2000
10 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76636, Covington, TX area.
| 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 |
Residential
538
Single Family
538
Multi-Family
0
Businesses
40
Date | Event | Price |
|---|---|---|
| 2025-08-01 | Listed for sale | $649,999 |
| 2025-05-04 | Listing removed | $639,000 |
| 2025-04-28 | Contingent | $639,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-08-01 | N/A | N/A | $518,410 | 61.32% |
| 2023-08-01 | $1787.35 | 68.76% | $321,350 | 18.52% |
| 2022-08-01 | $1059.11 | -0.22% | $271,139 | 10.00% |
Listed by: Meagan Vaughan • Fathom Realty, LLC
Mls Name: NTREIS
Mls ID: #21017960
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.
