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$424,000

NAL Estimated Property Value

555 Hcr 1429, Covington, TX, 76636

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,820 Sq Ft
price_per_sqft$148.3 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesBuilt-In Gas Range, Dishwasher
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Lot Size5.59 acres

Building Information

Year Built1978

Land Information

APN123942
SubdivisionJ Mccarter A-
Land UseResidential
Legal DescriptionJ MCCARTER A-555 TR 136B & 141 5.594 AC
Census Tract960200
Assessed Land Value$111,320
Assessed Improvement Value$287,070
Assessment Year2025

About this property

Move out to the country life with a mini ranch! Quaint farmhouse on 5.5 acres ready for horses in a beautiful secluded setting. 3-2 home with 2 car carport in rear. Living room features a cozy Wood Burning Stove. Kitchen and dining area are super adorable with farmhouse touches and shiplap walls! Kitchen is spacious with gas stove and extra room just off the kitchen that could be a large pantry or mud room area. Outside you will find a covered porch, carport area and several storage buildings. Ready for your horses with a barn that includes stables and corrals! Sandy loam soil and scattered post oak trees!

Investor Tools

Property Icon
$424,000
Estimated Property Value
$231,640Estimated Mortgage Balance
$192,360Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,544 /month
Positive
Cash Flow Estimate:
$848 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$324/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,772
$398,390
2025
$111,320
$287,070
$398,390
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,772
$398,390

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gateway First Bank
Fha
$260,200
Yes
First
Sep 9, 2020
Oct 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$231,640
$192,360
45%
55%
$1,561/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.

Explore Texas Explore This Area
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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555 Hcr 1429 | Property Details | No Agent List