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$140,130

NAL Estimated Property Value

101 Cemetery Rd, Covington, TX, 76636

$182,169 ARVInfo
Off MarketInfo
Baths2,420 Sq Ft
Unimproved LandUnimproved Land
Year BuiltBuilt in 2014

Exterior

Exterior FeaturesFire Pit
Lot Size16.64 acres

Building Information

Year Built2014

Land Information

APN124018
SubdivisionJ Mccarter A-
Land UseAgriculture / Farming
Legal DescriptionJ MCCARTER A-555 TR 93A, 93B & 96 16.645 AC
Census Tract960100
Assessed Land Value$126,500
Assessed Improvement Value$13,630
Assessment Year2025

About this property

Nestled along the serene Aquilla Creek, this expansive 46-acre property with 11 acres of wildlife high fence in Covington, TX promises the quintessential country living experience. Imagine a landscape dotted with towering mature trees, vast pond and sweeping clearings of coastal bermuda grass, perfect for grazing livestock or enjoying nature’s tranquility. The property features a gated entrance and a secluded drive that winds through the natural beauty, offering a private oasis for peaceful retreats or vibrant country living. Create your dream homestead with ample space for cows, horses, chickens, and even your visionary Barndominium project. Conveniently located just 20 minutes south of Cleburne, access to the Chisholm Trail Parkway is swift, ensuring easy commutes. Additionally, the proximity to Highway 35 near Grandview, only 10 minutes away, offers a direct route to the bustling DFW area. Don't miss out on this incredible opportunity to own your own little slice of heaven in Covington, TX.

Investor Tools

Property Icon
$140,130
Estimated Property Value
$33,061Estimated Mortgage Balance
$107,069Estimated Equity
76% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$182,169
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,910 /month
Positive
Cash Flow Estimate:
$1,970 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$128/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$836
$140,130
2025
$126,500
$13,630
$140,130
No

Tax History

Year
Tax Paid
Assessed Value
2025
$836
$140,130

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Grandview Bank
Unknown
$36,000
No
First
Jan 7, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$33,061
$107,069
76%
24%
$216/mo

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Covington

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101 Cemetery Rd | Property Details | No Agent List