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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Multi Family Investment Properties for Sale in Covington, GA
Currently Rented
$ 235,000
ROI
23.5
Cash Flow/m
246- 6 Bed
- 2 Bath
- - sft
6112 Green Acres Dr SW, Covington, GA, 30014
$ 220,000
ROI
30.8Cash Flow/m
678- - Bed
- - Bath
- - sft
(Undisclosed Address), Covington, GA, 30016
Rental Income
$ 200,000
ROI
30.5Cash Flow/m
598- 2 Bed
- 2 Bath
- - sft
11 Spruce St, Covington, GA, 30014
Currently Rented
$ 250,000
ROI
20.3Cash Flow/m
34- 4 Bed
- 2 Bath
- - sft
9265 Cedar Ridge Dr NW, Covington, GA, 30014
Why Invest in Covington, Georgia?
Covington, GA offers strong potential for multi-family investments amid steady demand from renters. Renter-occupied housing stands at around 38%, supporting reliable cash flows. Average rents hover near $1,400 monthly, with cap rates of 7-8% attracting investors. Recent appreciation has moderated to 2% annually, balancing risk with opportunity. Proximity to Atlanta enhances workforce appeal for multi-family properties. Economic growth in Newton County bolsters long-term rental stability.
9.2%
Avg. ROI
7.1%
Rental Yield
7.5%
Cap Rate
$285/mo
Avg. Cash Flow
$1420/mo
Avg. Rent
2.1%
1Y Appreciation
Find Your Perfect Investment Property in Covington, Georgia
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