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$279,000

NAL Estimated Property Value

397 Hcr 1432, Covington, TX, 76636

Off MarketInfo
Baths0 Bath
Baths1,440 Sq Ft
RanchRanch

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size2 acres

Land Information

APN124259
SubdivisionW Weatheread A-
Land UseResidential
Legal DescriptionW WEATHEREAD A-932 TR 24A 2.00 AC
Census Tract960200
Assessment Year2025

About this property

Sitting on a quiet peaceful county road is this beautiful farm and ranch property with approximately 48.5 acres of fields, pond, 2 barns, timber and well maintained residence. So much potential and opportunities with the infrastructure of a working farm. Residence includes 3 bedrooms, 2 baths, an extra large deck in back overlooking a beautifully serene view, a large living area. and formal dining room. Kitchen with island and windows to take in the breathtaking views. Primary is oversized with large ensuite featuring double vanities and huge closet. All bedrooms are good size and offer large closets. The home is secured with concrete beams and has never been moved. Water is serviced by Woodrow Osceola Coop water. Electric is Hilco Electric. Sewer is aerobic septic for residence. 2 water wells with electric pumps (Woodbine water table). Hunting area in back of property. Part of property is covered with coastal Bermuda hay.

Investor Tools

Property Icon
$279,000
Estimated Property Value
$0Estimated Mortgage Balance
$279,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,300 /month
Positive
Cash Flow Estimate:
$1,100 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$129/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$152
N/A
2025
N/A
N/A
N/A
No

Tax History

Year
Tax Paid
Assessed Value
2022
$152
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$279,000
100%
0%
$0/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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397 Hcr 1432 | Property Details | No Agent List