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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K 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
$ 369,000
ROI
21.3Cash Flow/m
156- 3 Bed
- 3 Bath
- 2000 sft
1009 Sunset Dr, Covington, IN, 47932
$ 425,000
ROI
25.1Cash Flow/m
637- 3 Bed
- 3 Bath
- 2220 sft
15253 Spring Creek Dr, Covington, IN, 47932
$ 199,000
ROI
24.5Cash Flow/m
263- 2 Bed
- 1 Bath
- 896 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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