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
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: 2.83% Traditional cash on cash: 3.49% Airbnb Rental Income: $1155 Traditional Rental Income: $887 Airbnb ROI: 2.83% Traditional ROI: 3.49%
1016 3rd St Covington, IN Settle into small town living with this move-in-ready 3bed/2bath home! Recent renovation h...	3 beds \| 2 baths \| 1,669 sq.ft.	$269,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.26% Airbnb Rental Income: $null Traditional Rental Income: $1646 Airbnb ROI: N/A Traditional ROI: 4.26%
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.	$159,000	Airbnb cash on cash: 2.64% Traditional cash on cash: 2.92% Airbnb Rental Income: $1155 Traditional Rental Income: $817 Airbnb ROI: 2.64% Traditional ROI: 2.92%
2540 W Grubb Ln Covington, IN 2540 W Grubb Ln, Covington, IN 47932 \| Single Family Residential	3 beds \| 2 baths \| 2,026 sq.ft.	$409,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.15% Airbnb Rental Income: $null Traditional Rental Income: $2007 Airbnb ROI: N/A Traditional ROI: 3.15%
711 Crockett St Covington, IN Welcome to this two-story home in Covington offering classic character and practical livin...	3 beds \| 1 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 W US Highway 136 Covington, IN 0 W US Highway 136, Covington, IN 47932 \| Other	N/A beds \| N/A baths \| N/A	$899,900	Airbnb cash on cash: N/A Traditional cash on cash: -1.36% Airbnb Rental Income: $null Traditional Rental Income: $500 Airbnb ROI: N/A Traditional ROI: -1.36%
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	$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.	$269,900	Airbnb cash on cash: 0.83% Traditional cash on cash: 1.61% Airbnb Rental Income: $1155 Traditional Rental Income: $972 Airbnb ROI: 0.83% Traditional ROI: 1.61%
1202 7th St Covington, IN 1202 7th St, Covington, IN 47932 \| Single Family Residential	4 beds \| 1 baths \| 3,810 sq.ft.	$350,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.07% Airbnb Rental Income: $null Traditional Rental Income: $1378 Airbnb ROI: N/A Traditional ROI: 2.07%
124 6th St Covington, IN 124 6th St, Covington, IN 47932 \| Single Family Residential	4 beds \| 2 baths \| 2,320 sq.ft.	$234,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.72% Airbnb Rental Income: $null Traditional Rental Income: $1995 Airbnb ROI: N/A Traditional ROI: 6.72%
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.	$290,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.7% Airbnb Rental Income: $null Traditional Rental Income: $1887 Airbnb ROI: N/A Traditional ROI: 4.7%
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%
206 6th St Covington, IN 206 6th St, Covington, IN 47932 \| Single Family Residential	3 beds \| 1 baths \| 1,513 sq.ft.	$199,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.21% Airbnb Rental Income: $null Traditional Rental Income: $1237 Airbnb ROI: N/A Traditional ROI: 4.21%
0 N 400 W Covington, IN 0 N 400 W, Covington, IN 47932 \| Other	N/A beds \| N/A baths \| N/A	$284,200	Airbnb cash on cash: N/A Traditional cash on cash: -0.19% Airbnb Rental Income: $null Traditional Rental Income: $535 Airbnb ROI: N/A Traditional ROI: -0.19%
263 S River Rd Covington, IN 263 S River Rd, Covington, IN 47932 \| Single Family Residential	3 beds \| 3 baths \| 2,970 sq.ft.	$365,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.09% Airbnb Rental Income: $null Traditional Rental Income: $2470 Airbnb ROI: N/A Traditional ROI: 5.09%
509 Fancy St Covington, IN 509 Fancy St, Covington, IN 47932 \| Single Family Residential	4 beds \| 2 baths \| 2,289 sq.ft.	$339,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.64% Airbnb Rental Income: $null Traditional Rental Income: $2165 Airbnb ROI: N/A Traditional ROI: 4.64%
610 4th Covington, IN 610 4th, 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: 5.76% Airbnb Rental Income: $null Traditional Rental Income: $1781 Airbnb ROI: N/A Traditional ROI: 5.76%
TBD W Us Highway 136 Covington, IN TBD W Us Highway 136, Covington, IN 47932 \| Other	N/A beds \| N/A baths \| N/A	$150,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.24% Airbnb Rental Income: $null Traditional Rental Income: $535 Airbnb ROI: N/A Traditional ROI: 1.24%
1018 10th St Covington, IN 1018 10th St, Covington, IN 47932 \| Single Family Residential	3 beds \| 1 baths \| 1,944 sq.ft.	$255,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.8% Airbnb Rental Income: $null Traditional Rental Income: $1211 Airbnb ROI: N/A Traditional ROI: 2.8%
106 Elm Covington, IN 106 Elm, Covington, IN 47932 \| Single Family Residential	3 beds \| 2 baths \| 1,524 sq.ft.	$249,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.63% Airbnb Rental Income: $null Traditional Rental Income: $1615 Airbnb ROI: N/A Traditional ROI: 4.63%
916 Union St Covington, IN 916 Union St, Covington, IN 47932 \| Single Family Residential	2 beds \| 1 baths \| 656 sq.ft.	$174,000	Airbnb cash on cash: 2.27% Traditional cash on cash: 2.05% Airbnb Rental Income: $1155 Traditional Rental Income: $738 Airbnb ROI: 2.27% Traditional ROI: 2.05%
3218 W 260 N Rd N Covington, IN 3218 W 260 N Rd N, Covington, IN 47932 \| Single Family Residential	3 beds \| 2 baths \| 2,732 sq.ft.	$385,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.23% Airbnb Rental Income: $null Traditional Rental Income: $1925 Airbnb ROI: N/A Traditional ROI: 3.23%
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.	$254,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.55% Airbnb Rental Income: $null Traditional Rental Income: $1873 Airbnb ROI: N/A Traditional ROI: 5.55%
820 Washington Street St Covington, IN	2 beds \| 1 baths \| 1,219 sq.ft.	$120,000	Airbnb cash on cash: 4.04% Traditional cash on cash: 5.75% Airbnb Rental Income: $1155 Traditional Rental Income: $972 Airbnb ROI: 4.04% Traditional ROI: 5.75%
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.	$299,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.8% Airbnb Rental Income: $null Traditional Rental Income: $2055 Airbnb ROI: N/A Traditional ROI: 4.8%
21 Fountain Dr Covington, IN NEW CONSTRUCTION in Shiloh - Covington! This all-brick beauty combines modern design with ...	3 beds \| 2 baths \| 2,140 sq.ft.	$420,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.96% Airbnb Rental Income: $null Traditional Rental Income: $2376 Airbnb ROI: N/A Traditional ROI: 3.96%
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.	$399,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.75% Airbnb Rental Income: $null Traditional Rental Income: $2564 Airbnb ROI: N/A Traditional ROI: 4.75%
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%
28 Fountain Dr 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%
514 7th St Covington, IN Welcome home to this beautifully remodeled 2 bedroom, 1 bath home in the heart of Covingto...	2 beds \| 1 baths \| 940 sq.ft.	$164,000	Airbnb cash on cash: 3.1% Traditional cash on cash: 5.29% Airbnb Rental Income: $1155 Traditional Rental Income: $1117 Airbnb ROI: 3.1% Traditional ROI: 5.29%
1204 Orchard Covington, IN Discover a lifestyle of comfort and ease at 1204 Orchard in COVINGTON, IN. This newly remo...	3 beds \| 2 baths \| 2,082 sq.ft.	$269,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.15% Airbnb Rental Income: $null Traditional Rental Income: $1868 Airbnb ROI: N/A Traditional ROI: 5.15%
14398 N 300 E Covington, IN On The Banks of the Wabash, not so far away! If you have always wanted to live in a home a...	3 beds \| 2 baths \| 2,256 sq.ft.	$289,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.68% Airbnb Rental Income: $null Traditional Rental Income: $2588 Airbnb ROI: N/A Traditional ROI: 7.68%

Real Estate investment in Covington, IN

There are 38 properties for sale in the city of Covington . The median list price in Covington is $184,390 and the average price per square foot is $81. In September 2026, the average monthly cash on cash return in Covington is 4.00%. The average monthly rental income in Covington is $1,351.

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

There are 38 investment properties available for sale in Covington.

In 2026, the best neighborhood to buy investment property is Covington.

The ROI for Long-Term is higher than the Short-Term in Covington with average rental income of $1,351.

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: 2.83%

Traditional cash on cash: 3.49%

Airbnb Rental Income: $1155

Traditional Rental Income: $887

Airbnb ROI: 2.83%

Traditional ROI: 3.49%

1016 3rd St

Covington, IN

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

$269,900

Airbnb cash on cash: N/A

Traditional cash on cash: 4.26%

Airbnb Rental Income: $null

Traditional Rental Income: $1646

Airbnb ROI: N/A

Traditional ROI: 4.26%

4942 W 1200 S

Covington, IN

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

$159,000

Airbnb cash on cash: 2.64%

Traditional cash on cash: 2.92%

Airbnb Rental Income: $1155

Traditional Rental Income: $817

Airbnb ROI: 2.64%

Traditional ROI: 2.92%

2540 W Grubb Ln

Covington, IN

3 beds | 2 baths | 2,026 sq.ft.

$409,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.15%

Airbnb Rental Income: $null

Traditional Rental Income: $2007

Airbnb ROI: N/A

Traditional ROI: 3.15%

711 Crockett St

Covington, IN

3 beds | 1 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