Real Estate Investment Properties for Sale in Covington, GA

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

Explore a variety of short-term homes & houses in Covington, GA. Invest wisely with VRBO & Covington, GA 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, GA

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
170 Chandler Trace COVINGTON, GA Welcome to 170 Chandler Trace, a striking new-construction A-Frame home crafted in 2025, b...	4 beds \| 3 baths \| 1,733 sq.ft.	$284,000	Airbnb cash on cash: 8.41% Traditional cash on cash: 5.93% Airbnb Rental Income: $3490 Traditional Rental Income: $2056 Airbnb ROI: 8.41% Traditional ROI: 5.93%
150 Chandler Trace COVINGTON, GA Welcome to 150 Chandler Trace, a striking new-construction A-Frame home crafted in 2025, b...	3 beds \| 3 baths \| 1,733 sq.ft.	$269,000	Airbnb cash on cash: 7.14% Traditional cash on cash: 6.23% Airbnb Rental Income: $2946 Traditional Rental Income: $2034 Airbnb ROI: 7.14% Traditional ROI: 6.23%
55 Tall Oak Trail COVINGTON, GA Yes!!! You can afford to HAVE IT ALL!!! This home checks ALL your boxes and is in a 100% f...	3 beds \| 2 baths \| 1,748 sq.ft.	$300,000	Airbnb cash on cash: 1.95% Traditional cash on cash: 4.9% Airbnb Rental Income: $1623 Traditional Rental Income: $1998 Airbnb ROI: 1.95% Traditional ROI: 4.9%
8370 Fairway Drive COVINGTON, GA A fantastic opportunity to live in one of Covington's most loved communities! This 3-bedro...	3 beds \| 3 baths \| 2,669 sq.ft.	$440,000	Airbnb cash on cash: 2.67% Traditional cash on cash: 3.55% Airbnb Rental Income: $2759 Traditional Rental Income: $2475 Airbnb ROI: 2.67% Traditional ROI: 3.55%
70 Alcovy Reserve Way COVINGTON, GA Welcome to this stunning 4-bedroom, 3.5-bath, two-story European-style home nestled in a q...	4 beds \| 3 baths \| 4,535 sq.ft.	$524,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.96% Airbnb Rental Income: $null Traditional Rental Income: $2518 Airbnb ROI: N/A Traditional ROI: 2.96%
6191 Indian Creek Circle SW COVINGTON, GA This all-brick ranch sits on a corner lot and offers a fantastic mix of charm, space, and ...	3 beds \| 2 baths \| 1,951 sq.ft.	$259,900	Airbnb cash on cash: 6.09% Traditional cash on cash: 6.65% Airbnb Rental Income: $2694 Traditional Rental Income: $2193 Airbnb ROI: 6.09% Traditional ROI: 6.65%
595 Ridgeway Road COVINGTON, GA Welcome to this charming and versatile 3-bedroom, 3-bath ranch-style home, offering comfor...	4 beds \| 3 baths \| 2,634 sq.ft.	$319,000	Airbnb cash on cash: 2.99% Traditional cash on cash: 6.48% Airbnb Rental Income: $2118 Traditional Rental Income: $2624 Airbnb ROI: 2.99% Traditional ROI: 6.48%
1623 Pratt Road COVINGTON, GA Tucked away on a tranquil 2-acre lot, this beautiful 5-bedroom, 3-bathroom home masterfull...	5 beds \| 3 baths \| 3,255 sq.ft.	$495,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.87% Airbnb Rental Income: $null Traditional Rental Income: $2716 Airbnb ROI: N/A Traditional ROI: 3.87%
472 Oak Hill Road COVINGTON, GA Welcome to this well-maintained RANCH on a spacious, sprawling lot, offering the perfect b...	3 beds \| 2 baths \| 1,424 sq.ft.	$279,999	Airbnb cash on cash: 5.59% Traditional cash on cash: 4.69% Airbnb Rental Income: $2694 Traditional Rental Income: $1818 Airbnb ROI: 5.59% Traditional ROI: 4.69%
70 Countryside Lane COVINGTON, GA Welcome home to this cozy and beautifully updated 3-bedroom, 2-bath ranch perfectly situat...	3 beds \| 2 baths \| 1,701 sq.ft.	$259,900	Airbnb cash on cash: 6.18% Traditional cash on cash: 6.52% Airbnb Rental Income: $2694 Traditional Rental Income: $2140 Airbnb ROI: 6.18% Traditional ROI: 6.52%
135 Flowers Drive COVINGTON, GA Welcome to this spacious ranch-style home situated on a large, level lot-offering both com...	3 beds \| 2 baths \| 2,405 sq.ft.	$199,000	Airbnb cash on cash: 4.02% Traditional cash on cash: 8.88% Airbnb Rental Income: $1797 Traditional Rental Income: $2226 Airbnb ROI: 4.02% Traditional ROI: 8.88%
205 Woodcrest Drive COVINGTON, GA Welcome to 205 Woodcrest Drive, a beautifully maintained residence offering comfort, style...	3 beds \| 2 baths \| 1,435 sq.ft.	$270,000	Airbnb cash on cash: 5.88% Traditional cash on cash: 5.03% Airbnb Rental Income: $2694 Traditional Rental Income: $1839 Airbnb ROI: 5.88% Traditional ROI: 5.03%
70 Mountainside Lane COVINGTON, GA Seller may consider buyer concessions if made in an offer. Welcome to this beautifully upd...	3 beds \| 2 baths \| 1,628 sq.ft.	$275,000	Airbnb cash on cash: 5.81% Traditional cash on cash: 5.07% Airbnb Rental Income: $2759 Traditional Rental Income: $1919 Airbnb ROI: 5.81% Traditional ROI: 5.07%
90 Streamside Drive COVINGTON, GA 2.71% Rate Assumable FHA with Roam! BACK ON THE MARKET AT NO FAULT OF THE SELLER!! Step in...	4 beds \| 3 baths \| 2,193 sq.ft.	$400,000	Airbnb cash on cash: 1.93% Traditional cash on cash: 3.85% Airbnb Rental Income: $2110 Traditional Rental Income: $2289 Airbnb ROI: 1.93% Traditional ROI: 3.85%
80 Shenandoah Lane COVINGTON, GA Step inside this inviting home where comfort meets convenience! The open-concept design cr...	4 beds \| 2 baths \| 1,862 sq.ft.	$299,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.03% Airbnb Rental Income: $null Traditional Rental Income: $2061 Airbnb ROI: N/A Traditional ROI: 5.03%
40 Willow Tree Terrace COVINGTON, GA Welcome to this charming one-story, all-electric home located in a quiet cul-de-sac just m...	3 beds \| 2 baths \| 1,434 sq.ft.	$270,000	Airbnb cash on cash: 5.85% Traditional cash on cash: 4.99% Airbnb Rental Income: $2694 Traditional Rental Income: $1837 Airbnb ROI: 5.85% Traditional ROI: 4.99%
230 Oak Meadows Place COVINGTON, GA Seller may consider buyer concessions if made in an offer. Move-in ready in Covingtonâs ...	4 beds \| 3 baths \| 2,112 sq.ft.	$300,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.75% Airbnb Rental Income: $null Traditional Rental Income: $2297 Airbnb ROI: N/A Traditional ROI: 5.75%
1020 Thornwood Circle COVINGTON, GA Welcome to your new home at 1020 Thornwood Circle in Covington, GA. This beautiful 4-bedro...	4 beds \| 4 baths \| 3,672 sq.ft.	$410,000	Airbnb cash on cash: 7.46% Traditional cash on cash: 7.53% Airbnb Rental Income: $4585 Traditional Rental Income: $3659 Airbnb ROI: 7.46% Traditional ROI: 7.53%
5798 Salem Road COVINGTON, GA Welcome to 5798 Salem Road, a beautifully maintained 3-bedroom, 2-bathroom home offering c...	3 beds \| 2 baths \| 1,678 sq.ft.	$241,000	Airbnb cash on cash: 6.59% Traditional cash on cash: 6.54% Airbnb Rental Income: $2694 Traditional Rental Income: $2044 Airbnb ROI: 6.59% Traditional ROI: 6.54%
50 Butler Bridge Circle COVINGTON, GA Step into this charming home that combines comfort, space, and style. As you enter the inv...	4 beds \| 2 baths \| 2,216 sq.ft.	$315,000	Airbnb cash on cash: 9.88% Traditional cash on cash: 5.37% Airbnb Rental Income: $4585 Traditional Rental Income: $2297 Airbnb ROI: 9.88% Traditional ROI: 5.37%
190 Timberlake Terrace COVINGTON, GA This beautiful 4-bedroom, 3-bath home is perfect for entertaining with its open concept li...	4 beds \| 3 baths \| 2,759 sq.ft.	$345,000	Airbnb cash on cash: 6.22% Traditional cash on cash: 5.6% Airbnb Rental Income: $3522 Traditional Rental Income: $2543 Airbnb ROI: 6.22% Traditional ROI: 5.6%
160 Cross Road COVINGTON, GA Welcome to 160 Cross Road, a custom rural retreat nestled in the heart of Covington, GA. T...	4 beds \| 2 baths \| 2,725 sq.ft.	$765,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.63% Airbnb Rental Income: $null Traditional Rental Income: $2427 Airbnb ROI: N/A Traditional ROI: 1.63%
25 Shady Oaks Trail COVINGTON, GA Donât Miss This One! Welcome to this stunning 3BR/2.5BA gem tucked inside the highly so...	3 beds \| 3 baths \| 1,639 sq.ft.	$285,000	Airbnb cash on cash: 5.81% Traditional cash on cash: 5.4% Airbnb Rental Income: $2847 Traditional Rental Income: $2074 Airbnb ROI: 5.81% Traditional ROI: 5.4%
399 WEHUNT RD COVINGTON, GA Invest with success and buy through Auction.com. This bank-owned investment property is a ...	2 beds \| 2 baths \| 1,590 sq.ft.	$294,000	Airbnb cash on cash: 2.8% Traditional cash on cash: 4.77% Airbnb Rental Income: $1763 Traditional Rental Income: $1827 Airbnb ROI: 2.8% Traditional ROI: 4.77%
195 McCord Street COVINGTON, GA This beautifully updated 3-bedroom, 2-bath home is move-in ready with a NEW roof, NEW HVAC...	3 beds \| 2 baths \| 2,130 sq.ft.	$309,900	Airbnb cash on cash: 2.13% Traditional cash on cash: 5.82% Airbnb Rental Income: $1797 Traditional Rental Income: $2385 Airbnb ROI: 2.13% Traditional ROI: 5.82%
215 MORNINGSIDE Drive COVINGTON, GA Welcome home to this beautifully renovated 3-bedroom, 2-bath bungalow located in a quiet, ...	3 beds \| 2 baths \| 1,840 sq.ft.	$299,000	Airbnb cash on cash: 5.72% Traditional cash on cash: 6.11% Airbnb Rental Income: $2759 Traditional Rental Income: $2221 Airbnb ROI: 5.72% Traditional ROI: 6.11%
9122 GOLFVIEW Circle COVINGTON, GA Located just outside historic downtown Covington, where charming shops, delicious restaura...	4 beds \| 3 baths \| 2,234 sq.ft.	$330,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.5% Airbnb Rental Income: $null Traditional Rental Income: $2513 Airbnb ROI: N/A Traditional ROI: 5.5%
215 RYAN Lane COVINGTON, GA Welcome home! This cozy and chic house sits nestled inside of Covingtonâs coveted Orchar...	3 beds \| 2 baths \| 1,593 sq.ft.	$319,900	Airbnb cash on cash: 1.62% Traditional cash on cash: 4.23% Airbnb Rental Income: $1623 Traditional Rental Income: $1949 Airbnb ROI: 1.62% Traditional ROI: 4.23%
195 Sampson Court COVINGTON, GA Seller may consider buyer concessions if made in an offer. Welcome to this beautifully upd...	3 beds \| 2 baths \| 1,858 sq.ft.	$305,000	Airbnb cash on cash: 5.06% Traditional cash on cash: 5.17% Airbnb Rental Income: $2759 Traditional Rental Income: $2143 Airbnb ROI: 5.06% Traditional ROI: 5.17%
15 Savoy Park Drive COVINGTON, GA "Motivated Seller" With a full price offer, Seller is willing to contribute towards closin...	3 beds \| 2 baths \| 1,501 sq.ft.	$287,000	Airbnb cash on cash: 5.41% Traditional cash on cash: 4.36% Airbnb Rental Income: $2759 Traditional Rental Income: $1827 Airbnb ROI: 5.41% Traditional ROI: 4.36%
340 Radcliffe Trace COVINGTON, GA âThe ranch that checks every boxâand then some!â Fall in love with this 4-bed, 2.5-...	3 beds \| 3 baths \| 1,542 sq.ft.	$275,000	Airbnb cash on cash: 3.05% Traditional cash on cash: 5.89% Airbnb Rental Income: $1797 Traditional Rental Income: $2045 Airbnb ROI: 3.05% Traditional ROI: 5.89%
20 Tarpley Way COVINGTON, GA Imagine waking up every morning in a home that feels like a breath of fresh airâa place ...	4 beds \| 3 baths \| 2,206 sq.ft.	$338,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.22% Airbnb Rental Income: $null Traditional Rental Income: $2085 Airbnb ROI: N/A Traditional ROI: 4.22%
230 Belmont Trail COVINGTON, GA Step into this charming ranch-style home that combines classic character with contemporary...	3 beds \| 2 baths \| 1,338 sq.ft.	$247,000	Airbnb cash on cash: 6.55% Traditional cash on cash: 4.95% Airbnb Rental Income: $2759 Traditional Rental Income: $1738 Airbnb ROI: 6.55% Traditional ROI: 4.95%
145 Whispering Pine Drive COVINGTON, GA Beautiful ranch home in Whispering Pines subdivision! Located on a cul-de-sac! Covered, ro...	3 beds \| 2 baths \| 1,572 sq.ft.	$259,900	Airbnb cash on cash: 6.11% Traditional cash on cash: 5.47% Airbnb Rental Income: $2694 Traditional Rental Income: $1900 Airbnb ROI: 6.11% Traditional ROI: 5.47%
55 The Falls Boulevard COVINGTON, GA Investors: tenants in place, $1850/month rent, lease ends August 31, 2026. NO showings unt...	3 beds \| 3 baths \| 1,922 sq.ft.	$280,000	Airbnb cash on cash: 5.32% Traditional cash on cash: 5.36% Airbnb Rental Income: $2759 Traditional Rental Income: $2121 Airbnb ROI: 5.32% Traditional ROI: 5.36%
220 McGiboney Place COVINGTON, GA A cozy 3 bedroom 2 bathroom ranch home in Covington is waiting you and your family. This h...	3 beds \| 2 baths \| 1,808 sq.ft.	$239,900	Airbnb cash on cash: 6.64% Traditional cash on cash: 7.3% Airbnb Rental Income: $2694 Traditional Rental Income: $2205 Airbnb ROI: 6.64% Traditional ROI: 7.3%
330 Chestnut Drive COVINGTON, GA Beautiful home in Chestnut Corners! Covered, rocking chair front porch! Spacious living ro...	3 beds \| 2 baths \| 1,553 sq.ft.	$270,000	Airbnb cash on cash: 5.97% Traditional cash on cash: 4.99% Airbnb Rental Income: $2759 Traditional Rental Income: $1861 Airbnb ROI: 5.97% Traditional ROI: 4.99%
560 Clearbrook Drive COVINGTON, GA Welcome Home to your DREAM RETREAT...ONE OF A KIND PROPERTY nestled on a one acre of land ...	3 beds \| 2 baths \| 2,355 sq.ft.	$415,000	Airbnb cash on cash: 3.18% Traditional cash on cash: 2.79% Airbnb Rental Income: $2694 Traditional Rental Income: $1903 Airbnb ROI: 3.18% Traditional ROI: 2.79%
711 Highway 162 COVINGTON, GA This sweet humble abode is waiting for its new owners! Bring this 3 bedroom, 2 bath home o...	3 beds \| 2 baths \| 1,264 sq.ft.	$199,000	Airbnb cash on cash: 9.06% Traditional cash on cash: 6.95% Airbnb Rental Income: $2759 Traditional Rental Income: $1711 Airbnb ROI: 9.06% Traditional ROI: 6.95%
145 Mill Chase COVINGTON, GA Welcome home to this beautifully updated 3-bedroom, 2-bath ranch nestled in a quiet subdi...	3 beds \| 2 baths \| 1,434 sq.ft.	$300,000	Airbnb cash on cash: 5.18% Traditional cash on cash: 5% Airbnb Rental Income: $2694 Traditional Rental Income: $2005 Airbnb ROI: 5.18% Traditional ROI: 5%

Real Estate investment in Covington, GA

There are 208 properties for sale in the city of Covington . The median list price in Covington is $319,950 and the average price per square foot is $141. In December 2025, the average monthly cash on cash return in Covington is 5.00%. The average monthly rental income in Covington is $2,148.

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

There are 208 investment properties available for sale in Covington.

In 2025, the best neighborhood to buy investment property is Sandhill-Texas Alley.

The ROI for Long-Term is higher than the Short-Term in Covington with average rental income of $2,148.

Your search for investment property begins and ends here

Investment Property for Sale in Covington, GA

170 Chandler Trace

COVINGTON, GA

4 beds | 3 baths | 1,733 sq.ft.

$284,000

Airbnb cash on cash: 8.41%

Traditional cash on cash: 5.93%

Airbnb Rental Income: $3490

Traditional Rental Income: $2056

Airbnb ROI: 8.41%

Traditional ROI: 5.93%

150 Chandler Trace

COVINGTON, GA

3 beds | 3 baths | 1,733 sq.ft.

$269,000

Airbnb cash on cash: 7.14%

Traditional cash on cash: 6.23%

Airbnb Rental Income: $2946

Traditional Rental Income: $2034

Airbnb ROI: 7.14%

Traditional ROI: 6.23%

55 Tall Oak Trail

COVINGTON, GA

3 beds | 2 baths | 1,748 sq.ft.

$300,000

Airbnb cash on cash: 1.95%

Traditional cash on cash: 4.9%

Airbnb Rental Income: $1623

Traditional Rental Income: $1998

Airbnb ROI: 1.95%

Traditional ROI: 4.9%

8370 Fairway Drive

COVINGTON, GA

3 beds | 3 baths | 2,669 sq.ft.

$440,000

Airbnb cash on cash: 2.67%

Traditional cash on cash: 3.55%

Airbnb Rental Income: $2759

Traditional Rental Income: $2475

Airbnb ROI: 2.67%

Traditional ROI: 3.55%

70 Alcovy Reserve Way

COVINGTON, GA

4 beds | 3 baths | 4,535 sq.ft.

$524,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.96%

Airbnb Rental Income: $null

Traditional Rental Income: $2518

Airbnb ROI: N/A

Traditional ROI: 2.96%

6191 Indian Creek Circle SW

COVINGTON, GA

3 beds | 2 baths | 1,951 sq.ft.

$259,900

Airbnb cash on cash: 6.09%

Traditional cash on cash: 6.65%

Airbnb Rental Income: $2694

Traditional Rental Income: $2193

Airbnb ROI: 6.09%

Traditional ROI: 6.65%

595 Ridgeway Road

COVINGTON, GA

4 beds | 3 baths | 2,634 sq.ft.

$319,000

Airbnb cash on cash: 2.99%

Traditional cash on cash: 6.48%

Airbnb Rental Income: $2118

Traditional Rental Income: $2624

Airbnb ROI: 2.99%

Traditional ROI: 6.48%

1623 Pratt Road

COVINGTON, GA

5 beds | 3 baths | 3,255 sq.ft.

$495,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.87%

Airbnb Rental Income: $null

Traditional Rental Income: $2716

Airbnb ROI: N/A