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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Covington, LA
Listed for sale 6 days ago
$ 375,000
ROI
26.8
Cash Flow/m
732- 3 Bed
- 3 Bath
- 2200 sft
107 Heatherstone Ln, Covington, LA, 70433
$ 240,000
ROI
22.7Cash Flow/m
197- 3 Bed
- 2 Bath
- 1347 sft
350 Emerald Forest Blvd APT 3101, Covington, LA, 70433
$ 159,900
ROI
20.9Cash Flow/m
50- 2 Bed
- 2 Bath
- 1200 sft
350 Emerald Forest Blvd APT 27107, Covington, LA, 70433
$ 125,000
ROI
32.8Cash Flow/m
452- 1 Bed
- 1 Bath
- 791 sft
350 Emerald Forest Blvd APT 6101, Covington, LA, 70433
Why Invest in Covington, Louisiana?
Covington, LA offers strong potential for condo investors seeking stable rental income in a growing suburban market. With a focus on condos, investors benefit from lower entry costs compared to single-family homes. Average rents hold steady around key metrics like 6% rental yield and 7% cap rates. Annual appreciation near 2% supports long-term value growth. Renter-occupied units at 40% indicate consistent demand from commuters and families.
8.5%
Avg. ROI
6.2%
Rental Yield
7.1%
Cap Rate
$450/mo
Avg. Cash Flow
$1450/mo
Avg. Rent
2.1%
1Y Appreciation
Frequently Asked Questions
Yes, condos offer solid rental yields around 6% with steady demand from renters. Low maintenance via HOAs appeals to investors. Appreciation supports long-term holds in this stable market.
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