Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Covington, LA
Listed for sale 1 day ago
$ 200,000
ROI
21.6
Cash Flow/m
104- 3 Bed
- 2 Bath
- 1564 sft
70325 L St, Covington, LA, 70433
Listed for sale 3 days ago
$ 185,000
ROI
24.6Cash Flow/m
251- 3 Bed
- 2 Bath
- 1182 sft
70412 1st St, Covington, LA, 70433
Listed for sale 4 days ago
$ 250,000
ROI
27.2Cash Flow/m
519- 3 Bed
- 3 Bath
- 1484 sft
113 Emerald Oaks Dr, Covington, LA, 70433
Listed for sale 4 days ago
$ 250,000
ROI
28.7Cash Flow/m
620- 3 Bed
- 3 Bath
- 1484 sft
201 Emerald Oaks Dr, Covington, LA, 70433
Why Invest in Covington, Louisiana?
Covington, LA offers strong investment potential in homes under $300k, with affordable entry points for cash-flowing rentals. Proximity to New Orleans drives demand, supported by a **5.2%** rental yield and **7.8%** cap rate. Annual appreciation averages **4.1%**, bolstered by **52%** renter-occupied households. Stable avg cash flow of **$850**/mo makes it ideal for beginner investors seeking steady returns.
8.2%
Avg. ROI
5.2%
Rental Yield
7.8%
Cap Rate
$850/mo
Avg. Cash Flow
$1450/mo
Avg. Rent
4.1%
1Y Appreciation
Frequently Asked Questions
Yes, Covington offers numerous single-family homes and duplexes under $300k suitable for rentals. These properties yield solid cash flow due to high renter demand. Focus on areas near Southeastern Louisiana University for best returns.
Find Your Perfect Investment Property in Covington, Louisiana
Explore investment opportunities by strategy, performance, or property type
