Under $300K Investment Properties for Sale in Covington, LA

Property at 20308 Henry Clay Ave, Covington, LA
Listed for sale 2 days ago
$ 300,000
ROI
29.1ROI percentage
Cash Flow/m
Dollar sign777
  • 4 Bed
  • 3 Bath
  • 2154 sft
20308 Henry Clay Ave, Covington, LA, 70433
Property at 519 W 7th Ave, Covington, LA
Listed for sale 2 days ago
$ 235,000
ROI
28.8ROI percentage
Cash Flow/m
Dollar sign590
  • 2 Bed
  • 2 Bath
  • 1187 sft
519 W 7th Ave, Covington, LA, 70433
Property at 71033 Shady Lake Dr, Covington, LA
Listed for sale 3 days ago
$ 219,000
ROI
21.5ROI percentage
Cash Flow/m
Dollar sign105
  • 3 Bed
  • 2 Bath
  • 1165 sft
71033 Shady Lake Dr, Covington, LA, 70433
Property at 326 Robin Hood Dr, Covington, LA
Listed for sale 4 days ago
$ 299,900
ROI
26.0ROI percentage
Cash Flow/m
Dollar sign524
  • 3 Bed
  • 2 Bath
  • 2127 sft
326 Robin Hood 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.

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