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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Covington, GA
Listed for sale 1 day ago
$ 240,000
ROI
28.9
Cash Flow/m
609- 3 Bed
- 2 Bath
- 1484 sft
355 Heaton Rd, Covington, GA, 30016
Listed for sale 3 days ago
$ 288,000
ROI
27.6Cash Flow/m
625- 4 Bed
- 3 Bath
- 1876 sft
15 Lisa Ct, Covington, GA, 30016
Fix & Flip
Listed for sale 3 days ago
$ 225,000
ROI
29.3Cash Flow/m
596- 3 Bed
- 2 Bath
- 1490 sft
10100 Clearview Dr NW, Covington, GA, 30014
Listed for sale 4 days ago
$ 297,500
ROI
21.2Cash Flow/m
118- 4 Bed
- 1 Bath
- 1368 sft
70 Birch Rd, Covington, GA, 30014
Why Invest in Covington, Georgia?
Covington, GA offers strong investment potential in homes under $300k, with affordable entry points for single-family rentals. Stable rental demand from local workforce supports consistent cash flow. Annual appreciation around 5% reflects regional growth near Atlanta. Cap rates of 7-9% make these properties attractive for passive income. Renter-occupied housing exceeds 35%, ensuring low vacancy risks.
9.2%
Avg. ROI
8.5%
Rental Yield
7.8%
Cap Rate
$425/mo
Avg. Cash Flow
$1450/mo
Avg. Rent
5.1%
1Y Appreciation
Frequently Asked Questions
Affordable homes under $300k offer high cap rates around 8% and strong rental yields. Proximity to Atlanta drives demand from commuters. Stable appreciation supports long-term equity growth.
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