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$529,569

NAL Estimated Property Value

221 Covington Drive, Wylie, TX, 75098

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,071 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$176.24 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Oven, Microwave, Plumbed For Ice Maker, Tankless Water Heater
FlooringCarpet, Ceramic Tile

Exterior

Lot Size18,897 sqft

Building Information

Year Built2017
Stories1
Garage Spaces2

Land Information

APNR-11173-00A-0220-1
Lot Number22
SubdivisionCovington Estates Phase Two (Cwy)
Land UseResidential
Legal DescriptionCOVINGTON ESTATES PHASE TWO (CWY), BLK A, LOT 22
Census Tract031322
Assessed Land Value$175,000
Assessed Improvement Value$354,569
Assessment Year2025

About this property

WHAT A GEM! Situated on .43 of an acre, this PREMIUM cul de sac lot allows you to use your imagination to create an outdoor retreat with plenty of space for a pool or room for kids and pets to play. Updates include: extended driveway for boat or RV, landscape, workshop with power + light, filtered water system thru home. Great open feel and high ceilings let the natural light shine through. SPACIOUS kitchen with island, SS appliances, gas cooktop, abundant storage, LG pantry. Split bedroom floor plan with spacious master has ensuite featuring separate tub and shower, dual sinks and walk-in closet. Enjoy the screened in porch after a long day. Energy efficient, sprinkler system, tankless water heater and more!

Investor Tools

Property Icon
$529,569
Estimated Property Value
$330,812Estimated Mortgage Balance
$198,757Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,177 /month
Positive
Cash Flow Estimate:
$1,059 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$925/month
$240/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,449
$529,569
2025
$175,000
$354,569
$529,569
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,449
$529,569

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lhm Financial Corp
Conventional
$365,750
No
First
May 19, 2021
Jun 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$330,812
$198,757
37%
62%
$2,193/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$2,433/mo
+$907/mo
7.6%

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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221 Covington Drive | Property Details | No Agent List