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B+
NoAgentList RatingHow are grades calculated? Info
Days60Days on Market
Views2view
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$259,000

$285,000

11015 State Highway 171, Covington, TX, 76636

On MarketInfo
Price DropInfo
Beds2 Beds
Baths1 Bath
Baths960 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$269.79 / sqft
Year BuiltBuilt in 1961

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Half 1Bathrooms Half 1
AppliancesDryer, Electric Range, Refrigerator, Washer
FlooringLaminate

Exterior

Exterior FeaturesRain Gutters
Lot Size38,246 sqft

Building Information

Garage Spaces1

Land Information

APN124065
SubdivisionL Reynolds A-
Land UseResidential
Legal DescriptionL REYNOLDS A-752 TR 9 0.878 AC
Census Tract960100
Assessed Land Value$25,460
Assessed Improvement Value$106,400
Assessment Year2025

About this property

Charming 2-bedroom, 1-bath home on HWY 171 in Covington, TX, offering a peaceful rural setting on .818 acres. Located just half a mile from schools, 15 miles south of Cleburne and 10 miles west of I-35, this property provides quiet country living with convenient access to shopping and major highways. The home features white vinyl siding with burgundy shutters, a carport, and a garage with a workshop plus a large attached storage room. Mature trees and lush St. Augustine grass create a beautiful, shaded landscape. A storage shed is located in the backyard. Updates include windows replaced in 2014. Kitchen appliances include an electric range, refrigerator, plus washer and dryer. Home is serviced by propane.

Investor Tools

Property Icon
$282,000
Estimated Property Value
$60,000Estimated Mortgage Balance
$251,635Estimated Equity
79% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,692 /month
Positive
Cash Flow Estimate:
$564 /month

Interested in this property?

Sherry Roof

Mark Spain Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$167/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$590
$131,860
2025
$25,460
$106,400
$131,860
No

Tax History

Year
Tax Paid
Assessed Value
2025
$590
$131,860

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
John W Wiseman Iii
Unknown
$60,000
No
First
May 1, 2007
May 2022

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$30,365
$251,635
89%
11%
$360/mo

Learn About the Market: Opportunity in Texas

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Explore

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.

Explore Texas Explore This Area
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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11015 State Highway 171 | Property Details | No Agent List