$195,000
NAL Estimated Property Value512 Gathings Ave, Covington, TX, 76636
Off Market
Property Lead Type:
Off-Market ListAbsentee Owner
Highlights
Interior
AppliancesElectric Range, Microwave, Refrigerator
FlooringVinyl
Exterior
Lot Size5,793 sqft
Land Information
APN124382
SubdivisionJ Mccarter A-
Land UseResidential
Legal DescriptionJ MCCARTER A-555 TR 100 0.133 AC
Census Tract960100
Assessed Land Value$4,920
Assessed Improvement Value$130,150
Assessment Year2025
About this property
This cozy, remodeled home is just waiting for new owners! Recent updates include metal roof, new windows with wood blinds, water heater. The foundation has also been repaired. The lovely kitchen features quartz countertops, stainless appliances including a refrigerator, range, and built-in microwave. The spacious living area is open to the kitchen and dining space. Bedrooms are also larger than average. Windows and blinds have also been replaced. All major items including HVAC, water heater, and foundation have all recently been repaired.
Investor Tools
$195,000
Estimated Property Value
$334,034Estimated Mortgage Balance
$195,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,170 /month
Positive
Cash Flow Estimate:
$390 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$148/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$803
$135,070
2025
$4,920
$130,150
$135,070
No
Tax History
Year
Tax Paid
Assessed Value
2025
$803
$135,070
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Town Square Mortgage & Investments Inc
Unknown
$176,739
No
First
May 18, 2023
N/A
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$334,034
N/A
0%
171%
$2,120/mo
