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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
Fix & Flip
Listed for sale 4 days ago
$ 199,000
ROI
26.2
Cash Flow/m
358- 4 Bed
- 3 Bath
- 3912 sft
9218 Westview Dr SW, Covington, GA, 30014
Listed for sale 7 days ago
$ 181,000
ROI
26.0Cash Flow/m
316- 3 Bed
- 2 Bath
- 1302 sft
12130 Brown Bridge Rd, Covington, GA, 30016
Fix & Flip
$ 199,900
ROI
25.2Cash Flow/m
301- 3 Bed
- 2 Bath
- - sft
305 Veal Rd, Covington, GA, 30016
$ 125,000
ROI
25.8Cash Flow/m
208- 2 Bed
- 1 Bath
- 1460 sft
6 N Broad St, 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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