Under $500K Investment Properties for Sale in Covina, CA

Property at 21210 E Arrow Hwy Trlr 141, Covina, CA
$ 215,000
ROI
23.3ROI percentage
Cash Flow/m
Dollar sign211
  • 3 Bed
  • 2 Bath
  • 1064 sft
21210 E Arrow Hwy Trlr 141, Covina, CA, 91724
Property at 20963 E Covina Blvd APT B, Covina, CA
$ 465,000
ROI
22.6ROI percentage
Cash Flow/m
Dollar sign368
  • 2 Bed
  • 2 Bath
  • 964 sft
20963 E Covina Blvd APT B, Covina, CA, 91724
Property at 4900 N Grand Ave APT 127, Covina, CA
$ 360,000
ROI
21.8ROI percentage
Cash Flow/m
Dollar sign203
  • 1 Bed
  • 1 Bath
  • 780 sft
4900 N Grand Ave APT 127, Covina, CA, 91724
Property at 19850 E Arrow Hwy Trlr D6, Covina, CA
$ 140,000
ROI
25.3ROI percentage
Cash Flow/m
Dollar sign216
  • 2 Bed
  • 2 Bath
  • - sft
19850 E Arrow Hwy Trlr D6, Covina, CA, 91724

Why Invest in Covina, California?

Covina, CA, presents exciting investment opportunities with homes priced under $500k, making it accessible for many investors. The region showcases a strong rental market, with an average rental yield of 5% and an appreciation rate of 4% over the last year. With significant job growth and ongoing developments, Covina's real estate market promises potential for high cash flow.

7%
Avg. ROI
5%
Rental Yield
6%
Cap Rate
$200/mo
Avg. Cash Flow
$2500/mo
Avg. Rent
4%
1Y Appreciation

Frequently Asked Questions

The average rent in Covina is approximately $2,500, making it a competitive market for both renters and investors.

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