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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
$ 230,000
ROI
25.7
Cash Flow/m
380- 3 Bed
- 2 Bath
- 1512 sft
1514 Heather Ln, Covington, IN, 47932
$ 265,000
ROI
25.9Cash Flow/m
454- 4 Bed
- 3 Bath
- 3000 sft
610 4th St, Covington, IN, 47932
$ 155,000
ROI
25.9Cash Flow/m
266- 3 Bed
- 2 Bath
- 1520 sft
711 Crockett St, Covington, IN, 47932
$ 180,000
ROI
20.8Cash Flow/m
52- 2 Bed
- 1 Bath
- 1464 sft
1630 W Spring St, 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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