Real Estate Investment Properties for Sale in Covington, LA

Looking for investment property in Covington, LA with high ROI ?

Explore a variety of short-term homes & houses in Covington, LA. Invest wisely with VRBO & Covington, LA Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Covington, LA

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
16096 CODY Lane Covington, LA NEW PRICE! OPEN HOUSE SUNDAY 10/13/24 3:00-5:00PM. MUST SEE! A. HAYS TOWN INSPRIRED HOME O...	3 beds \| 2 baths \| 1,279 sq.ft.	$253,000	Airbnb cash on cash: 7.38% Traditional cash on cash: 5.77% Airbnb Rental Income: $2897 Traditional Rental Income: $1841 Airbnb ROI: 7.38% Traditional ROI: 5.77%
705 BRIDLE Court Covington, LA Well maintained 4 bedroom 2.5 Bath home on a cul-de-sac in the lovely Penn Mill Lakes Subd...	4 beds \| 3 baths \| 3,150 sq.ft.	$365,000	Airbnb cash on cash: 6.37% Traditional cash on cash: 7.15% Airbnb Rental Income: $3656 Traditional Rental Income: $3127 Airbnb ROI: 6.37% Traditional ROI: 7.15%
20398 NARROW Road Covington, LA Welcome to the luxury ranch lifestyle you've been dreaming of! With 5.04 acres (feels like...	5 beds \| 6 baths \| 4,779 sq.ft.	$1,350,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.92% Airbnb Rental Income: $null Traditional Rental Income: $5690 Airbnb ROI: N/A Traditional ROI: 2.92%
1204 DELTA Lane Covington, LA This beautiful home in the heart of River Club boasts rich architectural features, custom ...	4 beds \| 3 baths \| 2,641 sq.ft.	$729,000	Airbnb cash on cash: 2.39% Traditional cash on cash: 2.64% Airbnb Rental Income: $3656 Traditional Rental Income: $3034 Airbnb ROI: 2.39% Traditional ROI: 2.64%
70468 LAKE REELFOOT Drive Covington, LA Raised cottage with a large front porch on a large corner lot. Completely renovated and fi...	3 beds \| 2 baths \| 1,150 sq.ft.	$225,000	Airbnb cash on cash: 8.46% Traditional cash on cash: 6.2% Airbnb Rental Income: $2897 Traditional Rental Income: $1743 Airbnb ROI: 8.46% Traditional ROI: 6.2%
289 KNOLL PINE Circle Covington, LA OPEN HOUSE Sat. Oct. 12, 2024 2:00pm-4:00pm- Immaculately maintained home in The Savannahs...	3 beds \| 2 baths \| 1,711 sq.ft.	$309,000	Airbnb cash on cash: 5.49% Traditional cash on cash: 4.92% Airbnb Rental Income: $2897 Traditional Rental Income: $2062 Airbnb ROI: 5.49% Traditional ROI: 4.92%
736 COTTAGE Lane Covington, LA Newly updated & meticulously restored home on stunning corner lot in Terra Bella across fr...	4 beds \| 4 baths \| 4,307 sq.ft.	$899,000	Airbnb cash on cash: 1.63% Traditional cash on cash: 2.68% Airbnb Rental Income: $3656 Traditional Rental Income: $3742 Airbnb ROI: 1.63% Traditional ROI: 2.68%
159 TCHEFUNCTE Drive Covington, LA Check this out! 3 Bedroom 2.5 Bath home ready to move in! Many upgrades! New Roof, Most in...	3 beds \| 3 baths \| 2,359 sq.ft.	$395,000	Airbnb cash on cash: 4.19% Traditional cash on cash: 5.21% Airbnb Rental Income: $2897 Traditional Rental Income: $2601 Airbnb ROI: 4.19% Traditional ROI: 5.21%
70312 G Street Covington, LA Beautifully maintained home, with plenty of storage. Great for 1st time buyer or downsizi...	3 beds \| 2 baths \| 1,500 sq.ft.	$250,000	Airbnb cash on cash: 7.48% Traditional cash on cash: 5.79% Airbnb Rental Income: $2897 Traditional Rental Income: $1827 Airbnb ROI: 7.48% Traditional ROI: 5.79%
20126 WALDEN Street Covington, LA Brand new and cute as a button! This modern farmhouse by Knight Builders is move-in ready ...	3 beds \| 2 baths \| 1,501 sq.ft.	$319,000	Airbnb cash on cash: 5.56% Traditional cash on cash: 4.92% Airbnb Rental Income: $2897 Traditional Rental Income: $2033 Airbnb ROI: 5.56% Traditional ROI: 4.92%
552 TERRACE LAKE Drive Covington, LA Welcome to this beautiful 3-bedroom, 2-bath home located in the highly sought-after Alexan...	3 beds \| 2 baths \| 1,825 sq.ft.	$300,000	Airbnb cash on cash: 5.97% Traditional cash on cash: 5.34% Airbnb Rental Income: $2897 Traditional Rental Income: $2045 Airbnb ROI: 5.97% Traditional ROI: 5.34%
16731 HIGHLAND HEIGHTS Drive Covington, LA OFFERING $3,000 towards closing costs!! Welcome to this charming 4 bedroom, 2 bath home! N...	4 beds \| 2 baths \| 1,731 sq.ft.	$288,900	Airbnb cash on cash: 8.56% Traditional cash on cash: 5.68% Airbnb Rental Income: $3656 Traditional Rental Income: $2075 Airbnb ROI: 8.56% Traditional ROI: 5.68%
74305 THETA Drive Covington, LA 3-bedroom, 2-bath home nestled in a quiet cul-de-sac, offering a blend of comfort and conv...	3 beds \| 2 baths \| 1,649 sq.ft.	$249,000	Airbnb cash on cash: 7.52% Traditional cash on cash: 7.67% Airbnb Rental Income: $2897 Traditional Rental Income: $2261 Airbnb ROI: 7.52% Traditional ROI: 7.67%
12524 PARMA Circle Covington, LA Immaculate 4 bed/3 bath home is only 4 years young and packed with modern features! Open f...	4 beds \| 3 baths \| 2,072 sq.ft.	$349,000	Airbnb cash on cash: 6.84% Traditional cash on cash: 5.19% Airbnb Rental Income: $3656 Traditional Rental Income: $2316 Airbnb ROI: 6.84% Traditional ROI: 5.19%
77377 HIGHWAY 21 Highway Covington, LA Your own sportsman's paradise awaits with this 48 acre scenic country property. Minutes fr...	4 beds \| 3 baths \| 3,034 sq.ft.	$900,000	Airbnb cash on cash: 2.26% Traditional cash on cash: 2.16% Airbnb Rental Income: $3656 Traditional Rental Income: $2776 Airbnb ROI: 2.26% Traditional ROI: 2.16%
70461 LAKE PLACID Drive Covington, LA Located in the Desirable Madisonville School District, this cottage style home sits on an ...	3 beds \| 2 baths \| 1,232 sq.ft.	$229,000	Airbnb cash on cash: 8.29% Traditional cash on cash: 6.21% Airbnb Rental Income: $2897 Traditional Rental Income: $1775 Airbnb ROI: 8.29% Traditional ROI: 6.21%
350 EMERALD FOREST Boulevard #8204 Covington, LA Renovated home in desirable, gated Emerald Forest Condominiums!! This unit has been renova...	2 beds \| 2 baths \| 1,050 sq.ft.	$169,500	Airbnb cash on cash: 8.07% Traditional cash on cash: 4.17% Airbnb Rental Income: $2851 Traditional Rental Income: $1556 Airbnb ROI: 8.07% Traditional ROI: 4.17%
563 TERRACE LAKE Drive Covington, LA This beautifully updated home features a range of upgrades that enhance both functionality...	4 beds \| 3 baths \| 2,072 sq.ft.	$330,000	Airbnb cash on cash: 7.34% Traditional cash on cash: 6.11% Airbnb Rental Income: $3656 Traditional Rental Income: $2476 Airbnb ROI: 7.34% Traditional ROI: 6.11%
115 BEECH Street Covington, LA Charming 3-bedroom, 2-bathroom cottage-style home in the highly sought-after Mandeville Bl...	3 beds \| 2 baths \| 1,337 sq.ft.	$209,000	Airbnb cash on cash: 9.21% Traditional cash on cash: 7.38% Airbnb Rental Income: $2897 Traditional Rental Income: $1862 Airbnb ROI: 9.21% Traditional ROI: 7.38%
69027 RIVERBEND Drive Covington, LA Discover Riverside Living at Its Finest! This beautifully renovated home, ideally situated...	5 beds \| 4 baths \| 4,088 sq.ft.	$850,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.79% Airbnb Rental Income: $null Traditional Rental Income: $3507 Airbnb ROI: N/A Traditional ROI: 2.79%
500 ORLEANS Avenue Covington, LA Rare Find! This home is in a great location and Mandeville School System! Beautiful renova...	3 beds \| 2 baths \| 2,168 sq.ft.	$389,000	Airbnb cash on cash: 4.3% Traditional cash on cash: 4.11% Airbnb Rental Income: $2897 Traditional Rental Income: $2158 Airbnb ROI: 4.3% Traditional ROI: 4.11%
205 E 5TH Avenue Covington, LA Classic brick ranch just steps to downtown Covington! Located on an oversized corner lot w...	4 beds \| 3 baths \| 2,916 sq.ft.	$397,500	Airbnb cash on cash: 5.87% Traditional cash on cash: 6.65% Airbnb Rental Income: $3656 Traditional Rental Income: $3147 Airbnb ROI: 5.87% Traditional ROI: 6.65%
66 THUNDERBIRD Drive Covington, LA Beautiful Custom home to be built in Tchefuncta Club Estates! Buyers can select every fini...	5 beds \| 5 baths \| 4,000 sq.ft.	$1,559,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.79% Airbnb Rental Income: $null Traditional Rental Income: $4957 Airbnb ROI: N/A Traditional ROI: 1.79%
49 SILVERBERRY Drive Covington, LA Stunning new construction on large premium lot in Tchefuncta Club Estates. This European i...	5 beds \| 6 baths \| 5,200 sq.ft.	$2,165,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.35% Airbnb Rental Income: $null Traditional Rental Income: $5927 Airbnb ROI: N/A Traditional ROI: 1.35%
1164 DELTA Lane Covington, LA Chic 2 years young spacious single story home with designer paneled feature wall in dining...	4 beds \| 3 baths \| 2,519 sq.ft.	$662,500	Airbnb cash on cash: 2.85% Traditional cash on cash: 2.29% Airbnb Rental Income: $3656 Traditional Rental Income: $2510 Airbnb ROI: 2.85% Traditional ROI: 2.29%
70454 B Street Covington, LA 100% Financing Available! Beautifully renovated and completely remodeled raised Acadian ho...	3 beds \| 2 baths \| 1,154 sq.ft.	$225,000	Airbnb cash on cash: 8.46% Traditional cash on cash: 5.55% Airbnb Rental Income: $2897 Traditional Rental Income: $1604 Airbnb ROI: 8.46% Traditional ROI: 5.55%
519 CHINQUAPIN Circle Covington, LA Fantastic French Country-Estate-Style home on one acre in desirable Brookstone gated commu...	5 beds \| 5 baths \| 7,094 sq.ft.	$1,495,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.74% Airbnb Rental Income: $null Traditional Rental Income: $4772 Airbnb ROI: N/A Traditional ROI: 1.74%
350 EMERALD FOREST Boulevard #27108 Covington, LA Seller offering $2000 towards buyer's closing costs and pre-paid items. Location is the k...	2 beds \| 2 baths \| 1,201 sq.ft.	$146,000	Airbnb cash on cash: 9.57% Traditional cash on cash: 5.63% Airbnb Rental Income: $2851 Traditional Rental Income: $1636 Airbnb ROI: 9.57% Traditional ROI: 5.63%
32 OAKLAWN Drive Covington, LA Discover a stylish and elegant home that beautifully blends chic sophistication with South...	5 beds \| 6 baths \| 8,042 sq.ft.	$1,375,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.84% Airbnb Rental Income: $null Traditional Rental Income: $5724 Airbnb ROI: N/A Traditional ROI: 2.84%
433 SADDLEBROOK Court Covington, LA Nestled in the serene Penn Mill Lakes community, 433 Saddlebrook Court in Covington stands...	4 beds \| 3 baths \| 2,504 sq.ft.	$295,000	Airbnb cash on cash: 8.25% Traditional cash on cash: 6.91% Airbnb Rental Income: $3656 Traditional Rental Income: $2485 Airbnb ROI: 8.25% Traditional ROI: 6.91%
73 SILVERBERRY Drive Covington, LA Beautiful custom home to be built in Tchefuncta Club Estates! Enjoy all of the amenities t...	5 beds \| 5 baths \| 4,400 sq.ft.	$1,749,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.44% Airbnb Rental Income: $null Traditional Rental Income: $4968 Airbnb ROI: N/A Traditional ROI: 1.44%
1041 ABITA RIVER Drive Covington, LA Absolute Showplace...Open Living Area to Huge Gourmet Kitchen Quartz Counter Tops, Stainle...	4 beds \| 2 baths \| 2,294 sq.ft.	$495,000	Airbnb cash on cash: 4.42% Traditional cash on cash: 3.03% Airbnb Rental Income: $3656 Traditional Rental Income: $2211 Airbnb ROI: 4.42% Traditional ROI: 3.03%
85200 HIGHWAY 1129 None Covington, LA A MUST SEE!! You'll fall in love the minute you wind down this peaceful country driveway l...	3 beds \| 4 baths \| 3,350 sq.ft.	$865,000	Airbnb cash on cash: 1.1% Traditional cash on cash: 1.99% Airbnb Rental Income: $2897 Traditional Rental Income: $2941 Airbnb ROI: 1.1% Traditional ROI: 1.99%

Real Estate investment in Covington, LA

There are 120 properties for sale in the city of Covington . The median list price in Covington is $360,000 and the average price per square foot is $151. In November 2024, the average monthly cash on cash return in Covington is 5.00%. The average monthly rental income in Covington is $2,374.

Covington, LA Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 120 investment properties available for sale in Covington.

In 2024, the best neighborhood to buy investment property is Covington.

The ROI for Short-Term is higher than the Long-Term in Covington with average rental income of $2,897.

Your search for investment property begins and ends here

Investment Property for Sale in Covington, LA

16096 CODY Lane

Covington, LA

3 beds | 2 baths | 1,279 sq.ft.

$253,000

Airbnb cash on cash: 7.38%

Traditional cash on cash: 5.77%

Airbnb Rental Income: $2897

Traditional Rental Income: $1841

Airbnb ROI: 7.38%

Traditional ROI: 5.77%

705 BRIDLE Court

Covington, LA

4 beds | 3 baths | 3,150 sq.ft.

$365,000

Airbnb cash on cash: 6.37%

Traditional cash on cash: 7.15%

Airbnb Rental Income: $3656

Traditional Rental Income: $3127

Airbnb ROI: 6.37%

Traditional ROI: 7.15%

20398 NARROW Road

Covington, LA

5 beds | 6 baths | 4,779 sq.ft.

$1,350,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.92%

Airbnb Rental Income: $null

Traditional Rental Income: $5690

Airbnb ROI: N/A

Traditional ROI: 2.92%

1204 DELTA Lane

Covington, LA

4 beds | 3 baths | 2,641 sq.ft.

$729,000

Airbnb cash on cash: 2.39%

Traditional cash on cash: 2.64%

Airbnb Rental Income: $3656

Traditional Rental Income: $3034

Airbnb ROI: 2.39%

Traditional ROI: 2.64%

70468 LAKE REELFOOT Drive

Covington, LA

3 beds | 2 baths | 1,150 sq.ft.

$225,000

Airbnb cash on cash: 8.46%

Traditional cash on cash: 6.2%

Airbnb Rental Income: $2897

Traditional Rental Income: $1743

Airbnb ROI: 8.46%

Traditional ROI: 6.2%

289 KNOLL PINE Circle

Covington, LA

3 beds | 2 baths | 1,711 sq.ft.

$309,000

Airbnb cash on cash: 5.49%

Traditional cash on cash: 4.92%

Airbnb Rental Income: $2897

Traditional Rental Income: $2062

Airbnb ROI: 5.49%

Traditional ROI: 4.92%

736 COTTAGE Lane

Covington, LA

4 beds | 4 baths | 4,307 sq.ft.

$899,000

Airbnb cash on cash: 1.63%

Traditional cash on cash: 2.68%

Airbnb Rental Income: $3656

Traditional Rental Income: $3742

Airbnb ROI: 1.63%

Traditional ROI: 2.68%

159 TCHEFUNCTE Drive

Covington, LA

3 beds | 3 baths | 2,359 sq.ft.

$395,000

Airbnb cash on cash: 4.19%

Traditional cash on cash: 5.21%

Airbnb Rental Income: $2897

Traditional Rental Income: $2601

Airbnb ROI: 4.19%