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$150,000

192 PR 114, Covington, TX, 76636

Off MarketInfo
Baths0 Bath
Baths1,200 Sq Ft
RanchRanch

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Exterior FeaturesStorage
Lot Size4 acres

Building Information

Year Built2015

Land Information

APN393612
Land UseAgriculture / Farming
Legal DescriptionF C BURT A-28 TR 14C 4.00 AC
Census Tract960200
Assessed Land Value$79,600
Assessed Improvement Value$43,590
Assessment Year2025

About this property

Welcome to your dream ranch in Covington, Texas! This stunning property offers 4 acres of prime land with city water and electricity, making it the perfect place to build your ideal home. The first three acres are flat and free from trees and brush, providing a blank canvas for your vision to come to life. Included on this remarkable ranch is a 2 bedroom home that awaits your personal touch and a little TLC to transform it into your country retreat. With ample space for your animals, you'll find animal pens and a stock pond for your livestock. Located just a short 24-minute drive from Cleburne, 31 min from Alvarado, and 35 min from Lake Whitney, you'll enjoy easy access to nearby amenities, recreational activities, and natural beauty. Don't miss this opportunity to own a piece of paradise in Hill County. Seize the chance to create the ranch lifestyle you've always dreamed of! Seller is also offering owner-finance

Investor Tools

Property Icon
$156,000
Estimated Property Value
$0Estimated Mortgage Balance
$42,020Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$936 /month
Positive
Cash Flow Estimate:
$312 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$126/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$735
$123,190
2025
$79,600
$43,590
$123,190
No

Tax History

Year
Tax Paid
Assessed Value
2025
$735
$123,190

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Juan Pablo Lopez Diaz
Unknown
$120,000
No
First
Aug 25, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$113,980
$42,020
26%
73%
$720/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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192 PR 114 | Property Details | No Agent List