Under $200K Investment Properties for Sale in Covington, IN

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
Property at 1050 E 1550 N, Covington, IN
$ 149,900
ROI
29.2ROI percentage
Cash Flow/m
Dollar sign394
  • 4 Bed
  • 1 Bath
  • 1992 sft
1050 E 1550 N, Covington, IN, 47932

Why Invest in Covington, Indiana?

Investing in Covington, IN offers the opportunity to find properties under $200k, making it an attractive market for new and seasoned investors alike. The low entry price point is complemented by potential appreciation as the area continues to develop economically. With a strong rental yield and decent cash flow, Covington can provide a stable return on your investment.

8.5%
Avg. ROI
10%
Rental Yield
7%
Cap Rate
$300/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3.5%
1Y Appreciation

Frequently Asked Questions

The average rent for properties in Covington, IN is around $1,200 per month, making it affordable compared to larger metropolitan areas.

Find Your Perfect Investment Property in Covington, Indiana

Explore investment opportunities by strategy, performance, or property type

Buy & Hold Rentals in Covington, IN
Fix and Flip Properties in Covington, IN
Short-Term Rental Properties in Covington, IN
AI