Under $500K 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 67525 Emerald Dove Dr, Covington, LA
Listed for sale 3 days ago
$ 439,500
ROI
27.4ROI percentage
Cash Flow/m
Dollar sign936
  • 4 Bed
  • 3 Bath
  • 2468 sft
67525 Emerald Dove Dr, 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

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.

Find Your Perfect Investment Property in Covington, Louisiana

Explore investment opportunities by strategy, performance, or property type

Buy & Hold Rentals in Covington, LA
Fix and Flip Properties in Covington, LA
Short-Term Rental Properties in Covington, LA
AI