Under $500K Investment Properties for Sale in Covington, GA
Listed for sale 1 day ago
$ 314,900
ROI
26.0
Cash Flow/m
548- 3 Bed
- 3 Bath
- 2316 sft
190 Meadowbrook Ct, Covington, GA, 30016
Listed for sale 1 day ago
$ 275,000
ROI
24.0Cash Flow/m
323- 3 Bed
- 2 Bath
- 1350 sft
15 Amber Way, Covington, GA, 30016
Listed for sale 1 day ago
$ 385,000
ROI
23.1Cash Flow/m
355- 4 Bed
- 3 Bath
- 2426 sft
385 Glynnshire Ct, Covington, GA, 30016
Listed for sale 1 day ago
$ 299,000
ROI
28.4Cash Flow/m
720- 3 Bed
- 2 Bath
- 2390 sft
180 Meadowbrook Ct, Covington, GA, 30016
Why Invest in Covington, Georgia?
Covington, GA offers strong investment opportunities in properties under $500K, with access to hundreds of listings in this price range. Rental yields average around 7%, supported by steady appreciation and a solid renter-occupied rate of 38%. Cap rates hover at 6.5%, making it attractive for cash flow-focused investors. The area's proximity to Atlanta drives demand, with average rents at $1,600/month. Economic growth in Newton County enhances long-term ROI potential.
9.2%
Avg. ROI
7.1%
Rental Yield
6.5%
Cap Rate
$450/mo
Avg. Cash Flow
$1600/mo
Avg. Rent
5.8%
1Y Appreciation
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