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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Covington, LA
Listed for sale 3 days ago
$ 260,000
ROI
22.8
Cash Flow/m
216- 5 Bed
- 2 Bath
- 1985 sft
21216 Gardenia St, Covington, LA, 70435
Listed for sale 3 days ago
$ 229,900
ROI
29.5Cash Flow/m
627- 3 Bed
- 2 Bath
- 1302 sft
70498 K St, Covington, LA, 70433
Listed for sale 3 days ago
$ 299,900
ROI
29.9Cash Flow/m
842- 3 Bed
- 2 Bath
- 1545 sft
70152 5th St, Covington, LA, 70447
Listed for sale 3 days ago
$ 170,000
ROI
26.3Cash Flow/m
308- 2 Bed
- 2 Bath
- 1000 sft
71475 Washington Ave, 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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