Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K 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 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.
Find Your Perfect Investment Property in Covington, Indiana
Explore investment opportunities by strategy, performance, or property type
