Under $200K Investment Properties for Sale in Covington, GA
Listed for sale 2 days ago
$ 165,000
ROI
25.2
Cash Flow/m
249- 3 Bed
- 1 Bath
- 1590 sft
45 Elm St, Covington, GA, 30014
Motivated Seller
Listed for sale 3 days ago
$ 200,000
ROI
23.2Cash Flow/m
190- 3 Bed
- 2 Bath
- 1540 sft
249 Parr Farm Rd, Covington, GA, 30016
$ 192,900
ROI
33.0Cash Flow/m
709- 3 Bed
- 2 Bath
- 1123 sft
9152 Cecelia St SW, Covington, GA, 30014
Fix & Flip
$ 100,000
ROI
25.9Cash Flow/m
170- 3 Bed
- 2 Bath
- 1400 sft
25 Raven Ct, 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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