Fix And Flip Investment Properties for Sale in Covington, GA
596- 3 Bed
- 2 Bath
- 1490 sft
849- 3 Bed
- 3 Bath
- 2151 sft
697- 4 Bed
- 3 Bath
- 3138 sft
434- 7 Bed
- 6 Bath
- 5456 sft
Why Invest in Covington, Georgia?
Covington, GA offers strong potential for **fix-and-flip** investments amid a softening housing market with median prices around $290K, down 3-10% year-over-year. Homes sell after 70-90 days, creating opportunities to buy low, renovate, and flip for profit. Average cap rates hover at 7-8% with rental yields near 6%, supported by steady renter occupancy. Annual appreciation remains modest at 2%, but declining prices enhance entry points for quick-turn deals. Investor metrics show avg cash flow of $250/month post-rehab, ideal for short-term strategies.
Frequently Asked Questions
Yes, declining median prices around $290K and 70+ days on market create buy-low opportunities. Post-rehab flips can yield 15-20% ROI with cap rates at 7.5%. Steady renter demand supports hybrid strategies.
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