Under $500K Investment Properties for Sale in Covelo, CA
Listed for sale 4 days ago
$ 375,000
ROI
25.6
Cash Flow/m
609- 3 Bed
- 2 Bath
- 1500 sft
3100 Eel River Ranch Road, Covelo, CA, 95428
$ 135,000
ROI
24.6Cash Flow/m
181- 2 Bed
- 2 Bath
- 1440 sft
24135 Agency Road, Covelo, CA, 95428
$ 399,000
ROI
26.3Cash Flow/m
729- 3 Bed
- 3 Bath
- 1700 sft
23175 Biggar Lane, Covelo, CA, 95428
$ 114,000
ROI
24.9Cash Flow/m
164- 2 Bed
- 2 Bath
- 2600 sft
36700 Mendocino Pass Road, Covelo, CA, 95428
Why Invest in Covelo, California?
Investing in Covelo offers opportunities to acquire properties for under $500k in a market with a steady demand for affordable housing. With an average rental yield of 7%, this area appeals to investors seeking high cash flow possibilities amidst a backdrop of scenic nature and a tight-knit community.
10%
Avg. ROI
7%
Rental Yield
8%
Cap Rate
$300/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
In Covelo, you can find single-family homes, small multifamily units, and land parcels for development, all available for under $500k. This pricing appeals to both first-time buyers and seasoned investors alike.
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