700 Gathings AveCovingtonTX76636
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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
Rental property for sale in Covington at 700 Gathings Ave, Covington, TX, 76636 priced at $175,000 converts $1,534/mo rent into $289/mo cash flow after a $857/mo obligation. Total monthly income equals $1,534/mo, and annual cash flow totals $3,469/yr on $58,013 invested. Return on cash invested prints 25.89% in year one, and rental yield reads 10.52% against a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation compiles into $48,349 by year five. Five-year ROI reaches 136.2% and total cumulative return in cash sums $79,015. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,534/mo property income covering a $857/mo payment, not borrower’s personal income.
Manufactured
Built in 1997
0.98 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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