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605 E Covington DrOn MarketTurnkey Airbnb

605 E Covington Dr

Austin, TX 78753 · Travis County

MLS #8751537

$499,990
4bd · 2ba · 1,784 sqft · built 1962

A fully furnished, turnkey North Austin value play. 4 bedrooms and 2 baths across 1,784 sqft, with furnishings conveying with the sale. On the market via MLS #8751537.

Erika's take

4 br turnkey at a lower price point, clean north austin value play

Tax play notes

62% improvement-to-land ratio per Travis CAD's 2026 assessment ($261,234 improvement of $420,862 total) on this 1962-built home — a solid cost segregation candidate for a turnkey value play at this price point.

Projected annual revenue
$70,000
Avg nightly rate
—
Avg occupancy
—
Gross yield
14%

~$70,000/yr estimated revenue against the prior $575,000 asking price. Current MLS price is now $499,990.

Assessed value — land vs. improvement (2026)

Land
Improvement
Land value
$159,628
Improvement value
$261,234
Total assessed
$420,862
Source: county appraisal district record ↗

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Added Sep 17, 2026