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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Covington, GA
$ 450,000
ROI
21.6
Cash Flow/m
226- 2 Bed
- 2 Bath
- 2632 sft
4173 Raphael St SW, Covington, GA, 30014
$ 369,000
ROI
31.9Cash Flow/m
1250- 6 Bed
- 4 Bath
- 2841 sft
9285 Cedar Ridge Dr NW #A/B, Covington, GA, 30014
$ 369,000
ROI
32.8Cash Flow/m
1335- 6 Bed
- 4 Bath
- 2841 sft
9285 Cedar Ridge Dr, Covington, GA, 30014
$ 250,000
ROI
20.3Cash Flow/m
37- 2 Bed
- 2 Bath
- 1196 sft
1133 Church St SE APT 3, Covington, GA, 30014
Why Invest in Covington, Georgia?
Covington, GA offers strong opportunities for condo investors seeking steady rental income in a growing suburban market. With proximity to Atlanta and a diversifying economy, condos here deliver solid **rental yields** around 6-7%. **Cap rates** hover at 5-6%, supported by moderate home values near $290K and increasing renter demand. Annual **appreciation** averages 2-3%, while **avg cash flow** potential reaches $400/month per unit. Low vacancy and job growth make it ideal for long-term holds.
8.5%
Avg. ROI
6.8%
Rental Yield
5.5%
Cap Rate
$420/mo
Avg. Cash Flow
$1450/mo
Avg. Rent
2.2%
1Y Appreciation
Frequently Asked Questions
Yes, condos offer solid rental yields of 6-7% with low vacancy rates. Proximity to Atlanta jobs drives demand from renters. Stable appreciation around 2% adds long-term value.
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