Save Search
Filters Applied
EditEdit Filters
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
$ 279,441
ROI
29.4
Cash Flow/m
751- 3 Bed
- 2 Bath
- 1825 sft
75308 Sydney Dr, Covington, LA, 70435
Listed for sale 2 days ago
$ 295,000
ROI
29.0Cash Flow/m
762- 3 Bed
- 2 Bath
- 1668 sft
74412 Turf Dr, Covington, LA, 70435
Listed for sale 2 days ago
$ 386,990
ROI
30.7Cash Flow/m
1181- 4 Bed
- 3 Bath
- 2438 sft
1580 Mary Grace Dr, Covington, LA, 70435
Listed for sale 2 days ago
$ 247,000
ROI
29.1Cash Flow/m
640- 3 Bed
- 2 Bath
- 1310 sft
73104 Penn Mill Rd, 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.
Find Your Perfect Investment Property in Covington, Louisiana
Explore investment opportunities by strategy, performance, or property type
