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$574,053

NAL Estimated Property Value

113 Covington Dr, Wylie, TX, 75098

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths2,878 Sq Ft
price_per_sqft$208.44 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3.5Bathrooms Full 3.5
AppliancesDishwasher, Disposal, Electric Water Heater, Gas Cooktop, Washer
FlooringCarpet, Ceramic Tile, Wood

Exterior

Lot Size10,367 sqft

Building Information

Year Built2016
Stories2
Garage Spaces2

Land Information

APNR-10758-00A-0070-1
Lot Number7
SubdivisionCovington Estates Phase One (Cwy)
Land UseResidential
Legal DescriptionCOVINGTON ESTATES PHASE ONE (CWY), BLK A, LOT 7
Census Tract031322
Assessed Land Value$140,000
Assessed Improvement Value$434,053
Assessment Year2025

About this property

Welcome yourself into an exquisitely-maintained family home in the heart of Wylie, Texas! The home sits on a large lot with mature trees backing up to a greenbelt offering peaceful views from the back covered patio. Upon entering the front door, the foyer opens to vaulted ceiling and beautiful interior colors, wood flooring and plantation shutters throughout the home. There is a private, executive office with french doors to the right and an open dining area to the left, expanding into the open-concept living room and luxury kitchen featuring an over-sized island and stainless built-in appliances. The mudroom gives way to the utility room while the other side of the kitchen hosts the spacious walk-in pantry and guest powder room. The master suite presents a large ensuite bathroom and contains his and her vanities, large garden tub, separate shower and walk-in closet. The custom wooden staircase leads to three bedrooms and lounge area. This home is an amazing opportunity!

Investor Tools

Property Icon
$574,053
Estimated Property Value
$462,953Estimated Mortgage Balance
$111,100Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,599 /month
Positive
Cash Flow Estimate:
$1,200 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$936/month
$290/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,356
$574,053
2025
$140,000
$434,053
$574,053
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,356
$574,053

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$474,900
No
First
Dec 12, 2024
Jan 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$462,953
$111,100
19%
81%
$2,848/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$3,138/mo
+$202/mo
7.0%

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.

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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: Wylie

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