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B+
NoAgentList RatingHow are grades calculated? Info

$279,000

191 Hcr 1434, Covington, TX, 76636

$362,700 ARVInfo
Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,166 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$46.17 / sqft

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 3Bathrooms 3
AppliancesBuilt-In Gas Range, Dishwasher
FlooringHardwood

Exterior

Exterior FeaturesAwning(s)
Lot Size1.16 acres

Building Information

Garage Spaces3

Land Information

APN352442
SubdivisionJ Mccarter A-
Land UseResidential
Legal DescriptionJ MCCARTER A-555 TR 42B 1.16 AC
Census Tract960200
Assessed Land Value$33,640
Assessed Improvement Value$123,990
Assessment Year2025

About this property

When I say you can make this home your own, I truly mean it. This charming, older farmhouse in Covington, TX, offers three bedrooms and three bathrooms, perfect for those with a vision. It’s a true handyman special, featuring solid bones and plenty of potential. The property includes a spacious garage with a well-maintained concrete driveway slab leading directly into the garage for easy access and parking. Situated on a picturesque one-acre lot, this property offers plenty of space for a gentleman’s ranch—ideal for gardening, small livestock, or just enjoying the open country. With a little work, you can transform this home into a true showpiece. Imagine creating your own retreat while still being close to town.

Investor Tools

Property Icon
$279,000
Estimated Property Value
$147,537Estimated Mortgage Balance
$133,840Estimated Equity
47% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$362,700
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,674 /month
Positive
Cash Flow Estimate:
$558 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$166/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$599
$157,630
2025
$33,640
$123,990
$157,630
No

Tax History

Year
Tax Paid
Assessed Value
2025
$599
$157,630

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Extraco Banks Na
Fha
$147,537
Yes
First
Jun 27, 2025
Jul 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$145,160
$133,840
47%
52%
$885/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.

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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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191 Hcr 1434 | Property Details | No Agent List