Under $200K Investment Properties for Sale in Covington, LA
104- 3 Bed
- 2 Bath
- 1564 sft
251- 3 Bed
- 2 Bath
- 1182 sft
253- 2 Bed
- 2 Bath
- 1581 sft
462- 2 Bed
- 2 Bath
- 898 sft
Why Invest in Covington, Louisiana?
Covington, Louisiana offers affordable entry points for real estate investors seeking properties under $200,000, with strong rental demand driven by proximity to New Orleans and growing remote workforce migration. The market features competitive cap rates and steady appreciation, supported by low acquisition costs and accessible financing for single-family homes and condominiums. With median rents supporting 6-8% rental yields and a balanced supply of residential inventory, investors can build cash flow while benefiting from long-term property value growth in a resilient Southeast Louisiana market.
Frequently Asked Questions
Properties under $200,000 in Covington typically generate rental yields of 6.5-8%, with average monthly rents ranging from $1,100-$1,400 depending on property type and condition. Single-family homes and well-maintained condos in desirable neighborhoods command higher rents and stronger cash flow.
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