Under $300K Investment Properties for Sale in Covington, IN

Property at 1504 Heather Ln, Covington, IN
Listed for sale 2 days 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, 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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