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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 5 days ago
$ 299,900
ROI
22.6
Cash Flow/m
240- 3 Bed
- 2 Bath
- 2082 sft
1204 Orchard Dr, Covington, IN, 47932
$ 190,000
ROI
29.7Cash Flow/m
525- 3 Bed
- 2 Bath
- 1300 sft
1200 10th St, Covington, IN, 47932
$ 169,000
ROI
28.1Cash Flow/m
393- 2 Bed
- 1 Bath
- 940 sft
514 7th St, Covington, IN, 47932
$ 215,000
ROI
22.1Cash Flow/m
140- 3 Bed
- 2 Bath
- 1513 sft
206 6th 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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