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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Covington, IN
Listed for sale 1 day ago
$ 275,000
ROI
23.3
Cash Flow/m
269- 3 Bed
- 3 Bath
- 2678 sft
609 Jefferson St, Covington, IN, 47932
$ 199,000
ROI
24.5Cash Flow/m
263- 2 Bed
- 1 Bath
- 896 sft
4942 W 1200 S, Covington, IN, 47932
$ 165,000
ROI
25.6Cash Flow/m
268- 2 Bed
- 1 Bath
- 1318 sft
830 Jefferson St, Covington, IN, 47932
$ 252,000
ROI
28.9Cash Flow/m
640- 3 Bed
- 3 Bath
- 1920 sft
1013 Sunset Dr, Covington, IN, 47932
Why Invest in Covington, Indiana?
Investing in Covington, IN, especially properties under $300,000, offers lucrative opportunities for both new and seasoned investors. The area's affordable real estate market combined with steady job growth means you can expect strong rental yields and appreciation over time. With rental rates increasing and a low vacancy rate, this market is ripe for investment.
10.5%
Avg. ROI
7.2%
Rental Yield
8%
Cap Rate
$450/mo
Avg. Cash Flow
$950/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
The average rent for properties in Covington, IN, is approximately $950 per month, making it an affordable option for renters and investors alike.
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