Real Estate Investment Properties for Sale in Covington, IN

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
110 Elm Dr Covington, IN 3 Bedroom 2 Bath in a quiet neighborhood. Covington School System. Many updates, large b...	3 beds \| 2 baths \| 1,688 sq.ft.	$239,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.21% Airbnb Rental Income: $null Traditional Rental Income: $1804 Airbnb ROI: N/A Traditional ROI: 6.21%
1630 W Spring St Covington, IN Welcome to your riverside retreat in Covington, IN, nestled within the coveted Attica Cons...	2 beds \| 1 baths \| 1,464 sq.ft.	$180,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.46% Airbnb Rental Income: $null Traditional Rental Income: $887 Airbnb ROI: N/A Traditional ROI: 3.46%
601 Railroad Street Covington, IN Discover your dream home in Covington, near the schools, the city park and the Trojan Spor...	3 beds \| 3 baths \| 1,900 sq.ft.	$329,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.97% Airbnb Rental Income: $null Traditional Rental Income: $2315 Airbnb ROI: N/A Traditional ROI: 5.97%
4942 W 1200 S Covington, IN 4942 W 1200 S, Covington, IN 47932 \| Single Family Residential	2 beds \| 1 baths \| 896 sq.ft.	$185,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.27% Airbnb Rental Income: $null Traditional Rental Income: $817 Airbnb ROI: N/A Traditional ROI: 2.27%
749 S River Rd Covington, IN 749 S River Rd, Covington, IN 47932 \| Single Family Residential	3 beds \| 1 baths \| 2,226 sq.ft.	$299,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.63% Airbnb Rental Income: $null Traditional Rental Income: $1073 Airbnb ROI: N/A Traditional ROI: 1.63%
110 6th St Covington, IN 110 6th St, Covington, IN 47932 \| Other	N/A beds \| N/A baths \| N/A	$90,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.11% Airbnb Rental Income: $null Traditional Rental Income: $441 Airbnb ROI: N/A Traditional ROI: 2.11%
115 Elm Drive Covington, IN You will not want to miss this stunning 3-bedroom, 2-bathroom ranch-style home on the edge...	3 beds \| 2 baths \| 1,768 sq.ft.	$335,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.2% Airbnb Rental Income: $null Traditional Rental Income: $2055 Airbnb ROI: N/A Traditional ROI: 4.2%
15092 N 200 E Covington, IN 15092 N 200 E, Covington, IN 47932 \| Other	N/A beds \| N/A baths \| N/A	$1,100,000	Airbnb cash on cash: N/A Traditional cash on cash: -1.45% Airbnb Rental Income: $null Traditional Rental Income: $500 Airbnb ROI: N/A Traditional ROI: -1.45%
314 Liberty St Covington, IN 314 Liberty St, Covington, IN 47932 \| Single Family Residential	2 beds \| 1 baths \| 1,320 sq.ft.	$299,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.27% Airbnb Rental Income: $null Traditional Rental Income: $972 Airbnb ROI: N/A Traditional ROI: 1.27%
914 6th St Covington, IN 914 6th St, Covington, IN 47932 \| Other	N/A beds \| N/A baths \| N/A	$45,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.12% Airbnb Rental Income: $null Traditional Rental Income: $508 Airbnb ROI: N/A Traditional ROI: 7.12%
21 Fountain Drive Covington, IN NEW CONSTRUCTION in Shiloh â Covington! This all-brick beauty combines modern design wit...	3 beds \| 2 baths \| 2,140 sq.ft.	$440,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.7% Airbnb Rental Income: $null Traditional Rental Income: $2376 Airbnb ROI: N/A Traditional ROI: 3.7%
26 Fountain Drive Covington, IN Welcome to your dream home in the desirable Shiloh subdivision in Covington! This beautifu...	3 beds \| 3 baths \| 2,219 sq.ft.	$450,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.02% Airbnb Rental Income: $null Traditional Rental Income: $2564 Airbnb ROI: N/A Traditional ROI: 4.02%
749 S River Road Covington, IN Tucked away on nearly 3 acres, this charming 3-bedroom, 1.5-bathroom home offers country-l...	3 beds \| 2 baths \| 1,550 sq.ft.	$299,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.63% Airbnb Rental Income: $null Traditional Rental Income: $1929 Airbnb ROI: N/A Traditional ROI: 4.63%
1202 7th St Covington, IN 1202 7th St, Covington, IN 47932 \| Single Family Residential	4 beds \| 1 baths \| 3,810 sq.ft.	$392,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.65% Airbnb Rental Income: $null Traditional Rental Income: $1378 Airbnb ROI: N/A Traditional ROI: 1.65%
1301 5th St Covington, IN 1301 5th St, Covington, IN 47932 \| Single Family Residential	3 beds \| 2 baths \| 1,500 sq.ft.	$275,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.95% Airbnb Rental Income: $null Traditional Rental Income: $1595 Airbnb ROI: N/A Traditional ROI: 3.95%
215 Railroad Street Covington, IN Move right into this inviting and well-maintained ranch home in Covington! Offering 1,512 ...	3 beds \| 2 baths \| 1,512 sq.ft.	$165,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.95% Airbnb Rental Income: $null Traditional Rental Income: $1899 Airbnb ROI: N/A Traditional ROI: 9.95%
120 Red Oak Ln Covington, IN 120 Red Oak Ln, Covington, IN 47932 \| Single Family Residential	3 beds \| 2 baths \| 1,650 sq.ft.	$359,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.39% Airbnb Rental Income: $null Traditional Rental Income: $1856 Airbnb ROI: N/A Traditional ROI: 3.39%
124 6th St Covington, IN 124 6th St, Covington, IN 47932 \| Single Family Residential	4 beds \| 2 baths \| 2,320 sq.ft.	$259,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.91% Airbnb Rental Income: $null Traditional Rental Income: $1995 Airbnb ROI: N/A Traditional ROI: 5.91%
3147 W 260 N Covington, IN 3147 W 260 N, Covington, IN 47932 \| Other	N/A beds \| N/A baths \| N/A	$495,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.9% Airbnb Rental Income: $null Traditional Rental Income: $532 Airbnb ROI: N/A Traditional ROI: -0.9%
6850 US Hwy 136 St Covington, IN 6850 US Hwy 136 St, Covington, IN 47932 \| Single Family Residential	3 beds \| 2 baths \| 2,043 sq.ft.	$299,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.51% Airbnb Rental Income: $null Traditional Rental Income: $1887 Airbnb ROI: N/A Traditional ROI: 4.51%
1306 Liberty St Covington, IN 1306 Liberty St, Covington, IN 47932 \| Single Family Residential	2 beds \| 1 baths \| 2,584 sq.ft.	$254,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.48% Airbnb Rental Income: $null Traditional Rental Income: $892 Airbnb ROI: N/A Traditional ROI: 1.48%
609 Jefferson Street Covington, IN Welcome to 609 Jefferson St! This beautifully renovated 3 bedroom, 2.5 bathroom home blend...	3 beds \| 3 baths \| 2,374 sq.ft.	$269,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.3% Airbnb Rental Income: $null Traditional Rental Income: $2682 Airbnb ROI: N/A Traditional ROI: 8.3%
830 Jefferson Street Covington, IN Motivated Seller! Charming brick 2BR/1BA home in Covington with quick access to I-74 and e...	2 beds \| 1 baths \| 1,318 sq.ft.	$150,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.17% Airbnb Rental Income: $null Traditional Rental Income: $956 Airbnb ROI: N/A Traditional ROI: 4.17%
711 Crockett Street Covington, IN Welcome to this two-story home in Covington offering classic character and practical livin...	3 beds \| 2 baths \| 1,520 sq.ft.	$155,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.98% Airbnb Rental Income: $null Traditional Rental Income: $1166 Airbnb ROI: N/A Traditional ROI: 5.98%

Real Estate investment in Covington, IN

There are 24 properties for sale in the city of Covington . The median list price in Covington is $315,000 and the average price per square foot is $139. In May 2026, the average monthly cash on cash return in Covington is 4.00%. The average monthly rental income in Covington is $1,487.

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

There are 24 investment properties available for sale in Covington.

The ROI for Short-Term is higher than the Long-Term in Covington with average rental income of $N/A.

Your search for investment property begins and ends here

Investment Property for Sale in Covington, IN

110 Elm Dr

Covington, IN

3 beds | 2 baths | 1,688 sq.ft.

$239,900

Airbnb cash on cash: N/A

Traditional cash on cash: 6.21%

Airbnb Rental Income: $null

Traditional Rental Income: $1804

Airbnb ROI: N/A

Traditional ROI: 6.21%

1630 W Spring St

Covington, IN

2 beds | 1 baths | 1,464 sq.ft.

$180,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.46%

Airbnb Rental Income: $null

Traditional Rental Income: $887

Airbnb ROI: N/A

Traditional ROI: 3.46%

601 Railroad Street

Covington, IN

3 beds | 3 baths | 1,900 sq.ft.

$329,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.97%

Airbnb Rental Income: $null

Traditional Rental Income: $2315

Airbnb ROI: N/A

Traditional ROI: 5.97%

4942 W 1200 S

Covington, IN

2 beds | 1 baths | 896 sq.ft.

$185,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.27%

Airbnb Rental Income: $null

Traditional Rental Income: $817

Airbnb ROI: N/A

Traditional ROI: 2.27%

749 S River Rd

Covington, IN

3 beds | 1 baths | 2,226 sq.ft.

$299,900

Airbnb cash on cash: N/A

Traditional cash on cash: 1.63%

Airbnb Rental Income: $null

Traditional Rental Income: $1073

Airbnb ROI: N/A

Traditional ROI: 1.63%

110 6th St

Covington, IN

N/A beds | N/A baths | N/A

$90,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.11%

Airbnb Rental Income: $null

Traditional Rental Income: $441

Airbnb ROI: N/A

Traditional ROI: 2.11%

115 Elm Drive

Covington, IN

3 beds | 2 baths | 1,768 sq.ft.

$335,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.2%

Airbnb Rental Income: $null

Traditional Rental Income: $2055

Airbnb ROI: N/A

Traditional ROI: 4.2%

15092 N 200 E

Covington, IN

N/A beds | N/A baths | N/A

$1,100,000

Airbnb cash on cash: N/A

Traditional cash on cash: -1.45%

Airbnb Rental Income: $null

Traditional Rental Income: $500

Airbnb ROI: N/A