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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Covington, GA
Listed for sale 3 days ago
$ 125,000
ROI
26.1
Cash Flow/m
221- 3 Bed
- 1 Bath
- 1056 sft
6247 Green Acres Dr SW, Covington, GA, 30014
$ 145,000
ROI
25.1Cash Flow/m
215- 4 Bed
- 2 Bath
- 1840 sft
6114 Hopkins St NE, Covington, GA, 30014
Currently Rented
Rental Income
$ 114,900
ROI
34.2Cash Flow/m
461- - Bed
- - Bath
- - sft
8 Poplar St, Covington, GA, 30014
$ 199,900
ROI
26.1Cash Flow/m
352- 3 Bed
- 2 Bath
- 1484 sft
10453 Flat Shoals Rd, Covington, GA, 30014
Why Invest in Covington, Georgia?
Covington, GA offers strong investment potential in homes under $200k, with affordable entry points for cash-flowing rentals. Rental yields average 8-10% due to steady demand from renters. Annual appreciation holds at 4-5%, supported by regional growth. Cap rates around 7% make these properties attractive for passive income. Renter-occupied units exceed 40%, ensuring reliable occupancy.
9.5%
Avg. ROI
9.2%
Rental Yield
7.1%
Cap Rate
$450/mo
Avg. Cash Flow
$1250/mo
Avg. Rent
4.5%
1Y Appreciation
Frequently Asked Questions
Yes, Covington offers numerous properties under $200k suitable for rentals. These typically feature 2-3 bedrooms with strong cash flow potential. Focus on established neighborhoods for best appreciation.
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