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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 531 Hcr #1450, Covington, TX, 76636 listed at $450,000 pairs $3,866/mo rent with a $2,203/mo payment to leave $616/mo cash flow. Total monthly income runs $3,866/mo, and annual cash flow reaches $7,386/yr on $149,175 cash to close. Return on cash invested measures 24.86% in year one, and rental yield registers 10.31% at a $450,000 basis. Equity gained on principal adds $2,904/yr, and annual property appreciation at 5% supports $124,327 by year five. Five-year ROI tracks 130.75% and total cumulative return in cash totals $195,042. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,866/mo property income relative to a $2,203/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1998
10.01 Acres lot
$N/A/sqft
$600 annually 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 |
|---|---|---|
| 2025-04-28 | Listed for sale | $450,000 |
| 2025-04-08 | Listing removed | $450,000 |
| 2025-04-04 | Contingent | $450,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Shawn Stone • CLARK REAL ESTATE GROUP
Mls Name: NTREIS
Mls ID: #20602755
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.
