Single Family Investment Properties for Sale in Covington, IN

Property at 1504 Heather Ln, Covington, IN
Listed for sale 1 day ago
$ 295,000
ROI
25.3ROI percentage
Cash Flow/m
Dollar sign458
  • 3 Bed
  • 2 Bath
  • 1711 sft
1504 Heather Ln, Covington, IN, 47932
Property at 818 Union St, Covington, IN
$ 199,000
ROI
27.8ROI percentage
Cash Flow/m
Dollar sign443
  • 2 Bed
  • 1 Bath
  • 1292 sft
818 Union St, Covington, IN, 47932
Property at 820 Washington St, Covington, IN
$ 120,000
ROI
26.1ROI percentage
Cash Flow/m
Dollar sign211
  • 2 Bed
  • 1 Bath
  • 1219 sft
820 Washington St, Covington, IN, 47932
Property at 4942 W 1200 S, Covington, IN
Rental Income
$ 159,000
ROI
26.6ROI percentage
Cash Flow/m
Dollar sign304
  • 2 Bed
  • - Bath
  • 1792 sft
4942 W 1200 S, Covington, IN, 47932

Why Invest in Covington, Indiana?

Investing in Covington, IN offers a unique opportunity for those interested in single-family homes. With a rental yield averaging around 7%, this market is attractive for both new and seasoned investors. The local economy has demonstrated consistent growth, supported by employment opportunities with local industries. Covington’s real estate market is currently flourishing, making it an ideal location for investment.

12%
Avg. ROI
7%
Rental Yield
8%
Cap Rate
$300/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
4%
1Y Appreciation

Frequently Asked Questions

The rental market in Covington is quite favorable, with a rental growth rate of 4% and a healthy occupancy rate. There is a strong demand for single-family homes, making it a good investment area.

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