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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 508 Gathings Ave, Covington, TX, 76636 offers a 6.78% rental yield on a $185,000 purchase with $1,045/mo rent. 62% in year one. Equity gained on principal adds $1,194/yr while 5% annual appreciation supports $51,112 over five years. Portfolio math shows five-year ROI at 75.71% and total cumulative return in cash at $46,431. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,045/mo property income against a $905/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
7,753 sqft 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Whitney Fischer • David Teel, Realtor
Mls Name: NTREIS
Mls ID: #21096611
