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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 2 days ago
$ 330,000
ROI
28.3
Cash Flow/m
784- 3 Bed
- 3 Bath
- 2159 sft
17120 Pine Acres Rd, Covington, LA, 70435
Listed for sale 2 days ago
$ 499,000
ROI
27.3Cash Flow/m
1047- 4 Bed
- 5 Bath
- 3672 sft
14150 Riverlake Dr, Covington, LA, 70435
Listed for sale 3 days ago
$ 434,900
ROI
19.8Cash Flow/m
9- 4 Bed
- 3 Bath
- 2046 sft
529 Place Street Laurent, Covington, LA, 70433
Listed for sale 3 days ago
$ 335,000
ROI
26.7Cash Flow/m
647- 4 Bed
- 2 Bath
- 2107 sft
75400 Crestview Hills Loop, Covington, LA, 70435
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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