Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 500 N Barron Rd, Covington, TX, 76636 listed at $224,900 pairs $1,709/mo rent with a $1,101/mo payment to leave $109/mo cash flow. Total monthly income runs $1,709/mo, and annual cash flow reaches $1,314/yr on $74,554 cash to close. Return on cash invested measures 21.67% in year one, and rental yield registers 9.12% at a $224,900 basis. Equity gained on principal adds $1,451/yr, and annual property appreciation at 5% supports $62,136 by year five. Five-year ROI tracks 113.54% and total cumulative return in cash totals $84,649. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,709/mo property income relative to a $1,101/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2016
0.42 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 |
|---|---|---|
| 2024-10-23 | Listed for sale | $224,900 |
| 2024-09-16 | Listing removed | $224,900 |
| 2024-08-23 | Price change | $224,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | N/A | N/A | $181,830 | 9.70% |
| 2023-12-27 | $943.83 | 18.68% | $165,750 | 26.02% |
| 2022-12-27 | $795.29 | 21.35% | $131,530 | 31.44% |
Listed by: Norma Boggs • Norma Boggs Realty Group, LLC
Mls Name: NTREIS
Mls ID: #20585420
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.
