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Days61Days on Market
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$229,900

1306 Covey Lane, Killeen, TX, 76542

On MarketInfo
Baths0 Bath
Baths4,150 Sq Ft
ApartmentApartment
price_per_sqft$55.4 / sqft
Year BuiltBuilt in 1979

Highlights

Interior

Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Cooktop
FlooringCarpet, Vinyl

Building Information

Year Built1979
Stories2
Roof Type105

Land Information

APN69154
Lot Number13
SubdivisionQuail Run Estates
Land UseResidential
Legal DescriptionQUAIL RUN ESTATES, BLOCK 001, LOT 0013
Census Tract022503
Assessed Land Value$56,000
Assessed Improvement Value$256,818
Assessment Year2025

About this property

Fantastic value add opportunity! Property does need some TLC like roof and siding work. Priced to sell fast with plenty of meat on the bone for a savvy investor to grab some equity. 1 long term tenant currently paying 700/month. Other units are currently vacant and ready to show. MOTIVATED SELLER! All reasonable offers to be considered.

Investor Tools

Property Icon
$410,000
Estimated Property Value
$0Estimated Mortgage Balance
$282,258Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,460 /month
Positive
Cash Flow Estimate:
$820 /month

Interested in this property?

Todd Estes

Teifke Real Estate

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$659/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,856
$312,818
2025
$56,000
$256,818
$312,818
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,856
$312,818

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$139,100
No
First
Jan 25, 2022
Feb 2042

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$127,742
$282,258
68%
31%
$834/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: Killeen

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