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$807,000

9964 State Highway 171, Covington, TX, 76636

Off MarketInfo
Baths1,314 Sq Ft
FarmFarm
price_per_sqft$626.33 / sqft
Year BuiltBuilt in 1998

Highlights

Interior

AppliancesDishwasher, Disposal, Microwave

Exterior

Private PoolPrivate Pool
Exterior FeaturesPrivate Yard, Storage
Lot Size1 acre

Building Information

Year Built1998

Land Information

APN118475
SubdivisionE Melton A-
Land UseResidential
Legal DescriptionE MELTON A-554 TR 40A 1.00 AC
Census Tract960100
Assessed Land Value$12,500
Assessed Improvement Value$156,510
Assessment Year2025

About this property

This property has it all! Situated in well sought after Hill County a perfectly manageable DREAM FARM this one is! If you're looking for a productive agricultural property, you must see this hidden gem! Currently is well established and producing corn . The home is a well maintained ranch style brick with a large kitchen and separate laundry room. There is a bonus sunroom off the kitchen area including a wood burning vintage type fireplace for those cozy winter days! Back of the home features a relaxing covered patio facing east for those sunrise welcoming coffee mornings! Three separate detached out buildings are included with the property and offer loads of storage as well as a underground storm shelter. There is a seasonal creek running behind the home that offers the potential of creating a tank-pond for surface water. The property is situated on State Hwy 171 with frontage for potential commercial visibility. Centrally located just 19 miles south of Cleburne and 11 miles north of Hillsboro.

Investor Tools

Property Icon
$807,000
Estimated Property Value
$110,250Estimated Mortgage Balance
$732,701Estimated Equity
86% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,938 /month
Positive
Cash Flow Estimate:
$1,646 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$420/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,006
$169,010
2025
$12,500
$156,510
$169,010
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,006
$169,010

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Usda
Usda
$110,250
Yes
First
Jan 8, 2015
Jan 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$74,299
$725,701
90%
9%
$381/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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9964 State Highway 171 | Property Details | No Agent List