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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Covington, LA
Listed for sale 1 day ago
$ 397,330
ROI
21.5
Cash Flow/m
198- 4 Bed
- 3 Bath
- 2811 sft
1224 Barrington Dr, Covington, LA, 70435
Listed for sale 1 day ago
$ 200,000
ROI
21.6Cash Flow/m
104- 3 Bed
- 2 Bath
- 1564 sft
70325 L St, Covington, LA, 70433
Listed for sale 2 days ago
$ 459,000
ROI
22.1Cash Flow/m
296- 3 Bed
- 2 Bath
- 2554 sft
81170 Section Rd, Covington, LA, 70435
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
Why Invest in Covington, Louisiana?
Covington, LA offers strong investment potential in properties under $500K, with access to suburban single-family homes and townhomes ideal for rental income. Stable rental demand from local workforce supports consistent cash flow. Annual appreciation around 4-5% reflects regional growth trends. Cap rates of 6-7% make these affordable properties attractive for long-term holds. Proximity to New Orleans boosts commuter appeal without urban premiums.
8.5%
Avg. ROI
6.8%
Rental Yield
6.5%
Cap Rate
$450/mo
Avg. Cash Flow
$1650/mo
Avg. Rent
4.2%
1Y Appreciation
Frequently Asked Questions
Primarily single-family homes, townhomes, and some condos fit under $500K. These offer good entry points for rentals or flips. Inventory varies but consistently shows 100+ options per market reports.
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