Under $500K Investment Properties for Sale in Covington, IN

Property at 1504 Heather Ln, Covington, IN
Listed for sale 1 day 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 offers great opportunities for properties under $500k. With a growing rental market, the area boasts strong investor metrics that can yield solid returns. Properties here typically show promising appreciation trends along with a healthy rental yield, making it an attractive locale for prospective investors.

8.5%
Avg. ROI
6.2%
Rental Yield
7%
Cap Rate
$300/mo
Avg. Cash Flow
$850/mo
Avg. Rent
4%
1Y Appreciation

Frequently Asked Questions

The average property price in Covington is currently around $220,000, making it an affordable option for many investors.

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