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

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
308 Delwood Dr Covington, IN Very cute updated ranch style home featuring 3 bedrooms with 1.5 baths (half in basement)....	3 beds \| 1 baths \| 2,660 sq.ft.	$269,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.39% Airbnb Rental Income: $null Traditional Rental Income: $1250 Airbnb ROI: N/A Traditional ROI: 3.39%
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.	$178,900	Airbnb cash on cash: 5.77% Traditional cash on cash: 3.49% Airbnb Rental Income: $1757 Traditional Rental Income: $887 Airbnb ROI: 5.77% Traditional ROI: 3.49%
1016 3rd Street Covington, IN Welcome home to this beautifully updated 3-bedroom, 2-bath home in Covington! Featuring fr...	3 beds \| 2 baths \| 1,669 sq.ft.	$260,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.52% Airbnb Rental Income: $null Traditional Rental Income: $1646 Airbnb ROI: N/A Traditional ROI: 4.52%
2672 S Stringtown Road Covington, IN Welcome to 2672 S. Stringtown Road. This home offers a fresh, neutral interior with update...	4 beds \| 2 baths \| 1,792 sq.ft.	$185,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.68% Airbnb Rental Income: $null Traditional Rental Income: $2162 Airbnb ROI: N/A Traditional ROI: 9.68%
4942 W 1200 S Covington, IN 4942 W 1200 S, Covington, IN 47932 \| Single Family Residential	2 beds \| N/A baths \| 1,792 sq.ft.	$149,000	Airbnb cash on cash: 6.45% Traditional cash on cash: 3.23% Airbnb Rental Income: $1757 Traditional Rental Income: $817 Airbnb ROI: 6.45% Traditional ROI: 3.23%
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.	$149,500	Airbnb cash on cash: N/A Traditional cash on cash: 6.22% Airbnb Rental Income: $null Traditional Rental Income: $1166 Airbnb ROI: N/A Traditional ROI: 6.22%
110 6th St Covington, IN 110 6th St, Covington, IN 47932 \| Other	N/A beds \| N/A baths \| N/A	$81,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.54% Airbnb Rental Income: $null Traditional Rental Income: $441 Airbnb ROI: N/A Traditional ROI: 2.54%
2350 W Us Highway 136 Covington, IN 2350 W Us Highway 136, Covington, IN 47932 \| Other	N/A beds \| N/A baths \| N/A	$130,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.42% Airbnb Rental Income: $null Traditional Rental Income: $500 Airbnb ROI: N/A Traditional ROI: 1.42%
0 Stringtown South Rd Covington, IN 0 Stringtown South Rd, Covington, IN 47932 \| Other	N/A beds \| N/A baths \| N/A	$1,045,000	Airbnb cash on cash: N/A Traditional cash on cash: -1.43% Airbnb Rental Income: $null Traditional Rental Income: $500 Airbnb ROI: N/A Traditional ROI: -1.43%
15092 N 200 E Covington, IN 15092 N 200 E, Covington, IN 47932 \| Other	N/A beds \| N/A baths \| N/A	$929,000	Airbnb cash on cash: N/A Traditional cash on cash: -1.37% Airbnb Rental Income: $null Traditional Rental Income: $500 Airbnb ROI: N/A Traditional ROI: -1.37%
314 Liberty St Covington, IN 314 Liberty St, Covington, IN 47932 \| Single Family Residential	2 beds \| 1 baths \| 1,320 sq.ft.	$259,900	Airbnb cash on cash: 2.98% Traditional cash on cash: 1.74% Airbnb Rental Income: $1757 Traditional Rental Income: $972 Airbnb ROI: 2.98% Traditional ROI: 1.74%
124 6th St Covington, IN 124 6th St, Covington, IN 47932 \| Single Family Residential	4 beds \| 2 baths \| 2,320 sq.ft.	$224,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.13% Airbnb Rental Income: $null Traditional Rental Income: $1995 Airbnb ROI: N/A Traditional ROI: 7.13%
702 Crockett St Covington, IN 702 Crockett St, Covington, IN 47932 \| Single Family Residential	4 beds \| 3 baths \| 5,549 sq.ft.	$379,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.45% Airbnb Rental Income: $null Traditional Rental Income: $2685 Airbnb ROI: N/A Traditional ROI: 5.45%
263 S River Rd Covington, IN 263 S River Rd, Covington, IN 47932 \| Single Family Residential	3 beds \| 3 baths \| 2,970 sq.ft.	$359,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.21% Airbnb Rental Income: $null Traditional Rental Income: $2470 Airbnb ROI: N/A Traditional ROI: 5.21%
TBD W Us Highway 136 Covington, IN TBD W Us Highway 136, Covington, IN 47932 \| Other	N/A beds \| N/A baths \| N/A	$140,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.45% Airbnb Rental Income: $null Traditional Rental Income: $535 Airbnb ROI: N/A Traditional ROI: 1.45%
1018 10th St Covington, IN 1018 10th St, Covington, IN 47932 \| Single Family Residential	3 beds \| 1 baths \| 1,944 sq.ft.	$250,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.89% Airbnb Rental Income: $null Traditional Rental Income: $1211 Airbnb ROI: N/A Traditional ROI: 2.89%
106 Elm Covington, IN 106 Elm, Covington, IN 47932 \| Single Family Residential	3 beds \| 2 baths \| 1,524 sq.ft.	$239,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.9% Airbnb Rental Income: $null Traditional Rental Income: $1615 Airbnb ROI: N/A Traditional ROI: 4.9%
201 Eagle Dr Covington, IN 201 Eagle Dr, Covington, IN 47932 \| Single Family Residential	3 beds \| 2 baths \| 1,777 sq.ft.	$429,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.67% Airbnb Rental Income: $null Traditional Rental Income: $1907 Airbnb ROI: N/A Traditional ROI: 2.67%
1515 Liberty St Covington, IN 1515 Liberty St, Covington, IN 47932 \| Single Family Residential	4 beds \| 2 baths \| 1,858 sq.ft.	$249,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.7% Airbnb Rental Income: $null Traditional Rental Income: $1873 Airbnb ROI: N/A Traditional ROI: 5.7%
1029 Orchard Dr Covington, IN 1029 Orchard Dr, Covington, IN 47932 \| Single Family Residential	3 beds \| 2 baths \| 3,770 sq.ft.	$229,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.11% Airbnb Rental Income: $null Traditional Rental Income: $1388 Airbnb ROI: N/A Traditional ROI: 4.11%
1600 W Snoddy Rd Covington, IN 1600 W Snoddy Rd, Covington, IN 47932 \| Single Family Residential	3 beds \| 1 baths \| 2,884 sq.ft.	$170,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.18% Airbnb Rental Income: $null Traditional Rental Income: $1231 Airbnb ROI: N/A Traditional ROI: 5.18%
302 Marion Blvd Covington, IN 302 Marion Blvd, Covington, IN 47932 \| Single Family Residential	4 beds \| 2 baths \| 2,057 sq.ft.	$284,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.13% Airbnb Rental Income: $null Traditional Rental Income: $1960 Airbnb ROI: N/A Traditional ROI: 5.13%
12121 Cole Ln Covington, IN 12121 Cole Ln, Covington, IN 47932 \| Single Family Residential	3 beds \| 2 baths \| 2,269 sq.ft.	$394,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.64% Airbnb Rental Income: $null Traditional Rental Income: $2122 Airbnb ROI: N/A Traditional ROI: 3.64%
610 4th St Covington, IN 610 4th St, Covington, IN 47932 \| Single Family Residential	4 beds \| 2 baths \| 3,564 sq.ft.	$235,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.74% Airbnb Rental Income: $null Traditional Rental Income: $1777 Airbnb ROI: N/A Traditional ROI: 5.74%
1034 N Portland Arch Rd Covington, IN 1034 N Portland Arch Rd, Covington, IN 47932 \| Single Family Residential	3 beds \| 2 baths \| 1,464 sq.ft.	$330,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.8% Airbnb Rental Income: $null Traditional Rental Income: $1535 Airbnb ROI: N/A Traditional ROI: 2.8%
28 Fountain Drive Covington, IN Brand new and beautifully designed, this 4-bedroom ranch in Shiloh is everything you've be...	4 beds \| 2 baths \| 2,090 sq.ft.	$405,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.23% Airbnb Rental Income: $null Traditional Rental Income: $2398 Airbnb ROI: N/A Traditional ROI: 4.23%
818 Union Street Covington, IN Charming, Updated Ranch on Nearly 0.6 Acre! Welcome home to this beautifully maintained 2-...	2 beds \| 1 baths \| 1,292 sq.ft.	$199,000	Airbnb cash on cash: 3.6% Traditional cash on cash: 2.48% Airbnb Rental Income: $1757 Traditional Rental Income: $1064 Airbnb ROI: 3.6% Traditional ROI: 2.48%

Real Estate investment in Covington, IN

There are 27 properties for sale in the city of Covington . The median list price in Covington is $225,892 and the average price per square foot is $99. In November 2026, the average monthly cash on cash return in Covington is 4.00%. The average monthly rental income in Covington is $1,462.

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

There are 27 investment properties available for sale in Covington.

In 2026, 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 $1,757.

Your search for investment property begins and ends here

Investment Property for Sale in Covington, IN

308 Delwood Dr

Covington, IN

3 beds | 1 baths | 2,660 sq.ft.

$269,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.39%

Airbnb Rental Income: $null

Traditional Rental Income: $1250

Airbnb ROI: N/A

Traditional ROI: 3.39%

1630 W Spring St

Covington, IN

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

$178,900

Airbnb cash on cash: 5.77%

Traditional cash on cash: 3.49%

Airbnb Rental Income: $1757

Traditional Rental Income: $887

Airbnb ROI: 5.77%

Traditional ROI: 3.49%

1016 3rd Street

Covington, IN

3 beds | 2 baths | 1,669 sq.ft.

$260,900

Airbnb cash on cash: N/A

Traditional cash on cash: 4.52%

Airbnb Rental Income: $null

Traditional Rental Income: $1646

Airbnb ROI: N/A

Traditional ROI: 4.52%

2672 S Stringtown Road

Covington, IN

4 beds | 2 baths | 1,792 sq.ft.

$185,000

Airbnb cash on cash: N/A

Traditional cash on cash: 9.68%

Airbnb Rental Income: $null

Traditional Rental Income: $2162

Airbnb ROI: N/A

Traditional ROI: 9.68%

4942 W 1200 S

Covington, IN

2 beds | N/A baths | 1,792 sq.ft.

$149,000

Airbnb cash on cash: 6.45%

Traditional cash on cash: 3.23%

Airbnb Rental Income: $1757

Traditional Rental Income: $817

Airbnb ROI: 6.45%

Traditional ROI: 3.23%

711 Crockett Street

Covington, IN

3 beds | 2 baths | 1,520 sq.ft.

$149,500

Airbnb cash on cash: N/A

Traditional cash on cash: 6.22%

Airbnb Rental Income: $null

Traditional Rental Income: $1166

Airbnb ROI: N/A

Traditional ROI: 6.22%

110 6th St

Covington, IN

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

$81,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.54%

Airbnb Rental Income: $null

Traditional Rental Income: $441

Airbnb ROI: N/A

Traditional ROI: 2.54%

2350 W Us Highway 136

Covington, IN

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

$130,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.42%

Airbnb Rental Income: $null

Traditional Rental Income: $500

Airbnb ROI: N/A