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
1128 W 11TH Avenue Covington, LA Beautiful 5-Bedroom 3-bathroom home situated on a nice sized lot (over Â½ acre) in the Hea...	5 beds \| 3 baths \| 2,627 sq.ft.	$598,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.03% Airbnb Rental Income: $null Traditional Rental Income: $2649 Airbnb ROI: N/A Traditional ROI: 3.03%
344 ORMOND Drive Covington, LA Bond for deed-Owner financing. Welcome to 344 Ormond Dr. - carefree living in the heart of...	4 beds \| 3 baths \| 2,676 sq.ft.	$649,000	Airbnb cash on cash: 3.04% Traditional cash on cash: 3.37% Airbnb Rental Income: $3680 Traditional Rental Income: $3083 Airbnb ROI: 3.04% Traditional ROI: 3.37%
70105 10TH Street Covington, LA Move-In Ready Brick Beauty on a Spacious Corner Lot in Covington! This charming 3 bed, 2 b...	3 beds \| 2 baths \| 1,541 sq.ft.	$242,900	Airbnb cash on cash: 6.49% Traditional cash on cash: 5.85% Airbnb Rental Income: $2551 Traditional Rental Income: $1790 Airbnb ROI: 6.49% Traditional ROI: 5.85%
23160 LOWE DAVIS Road Covington, LA Finish this dream opportunity on 4 scenic acres in a peaceful rural setting, featuring gen...	3 beds \| 4 baths \| 3,120 sq.ft.	$790,000	Airbnb cash on cash: 0.96% Traditional cash on cash: 2.17% Airbnb Rental Income: $2551 Traditional Rental Income: $2828 Airbnb ROI: 0.96% Traditional ROI: 2.17%
18030 DERBES Drive Covington, LA Waterfront Property, Newly renovated property with a double lot! This is a Beautifully upd...	3 beds \| 2 baths \| 1,630 sq.ft.	$295,000	Airbnb cash on cash: 4.99% Traditional cash on cash: 4.72% Airbnb Rental Income: $2551 Traditional Rental Income: $1860 Airbnb ROI: 4.99% Traditional ROI: 4.72%
72287 MILITARY Road Covington, LA Escape to your own waterfront sanctuary at Riverbeach Cottage â a completely transformed...	3 beds \| 3 baths \| 2,450 sq.ft.	$775,000	Airbnb cash on cash: 1.01% Traditional cash on cash: 1.66% Airbnb Rental Income: $2551 Traditional Rental Income: $2405 Airbnb ROI: 1.01% Traditional ROI: 1.66%
377 BEEBALM Circle Covington, LA HANNAN H.S, COVINGTON H.S. & COQUILLE PARK are just a short commute. Plus, you are also on...	4 beds \| 3 baths \| 2,556 sq.ft.	$399,999	Airbnb cash on cash: 5.68% Traditional cash on cash: 5.32% Airbnb Rental Income: $3680 Traditional Rental Income: $2741 Airbnb ROI: 5.68% Traditional ROI: 5.32%
70312 G Street Covington, LA Dare to dream of homeownership! This home is a fantastic opportunity for first-time buyers...	3 beds \| 2 baths \| 1,500 sq.ft.	$235,000	Airbnb cash on cash: 6.75% Traditional cash on cash: 6.25% Airbnb Rental Income: $2551 Traditional Rental Income: $1827 Airbnb ROI: 6.75% Traditional ROI: 6.25%
327 SAW GRASS Loop Covington, LA READY NOW in demand community SPRING LAKES! Beautiful 4 bed 3 bath (plus 5th bedroom/study...	4 beds \| 3 baths \| 2,471 sq.ft.	$489,000	Airbnb cash on cash: 4.44% Traditional cash on cash: 4.57% Airbnb Rental Income: $3680 Traditional Rental Income: $2937 Airbnb ROI: 4.44% Traditional ROI: 4.57%
70081 9TH Street Covington, LA Corner lot. Split floor plan with vaulted ceilings, new paint, flooring & refinished cabin...	3 beds \| 2 baths \| 1,443 sq.ft.	$195,000	Airbnb cash on cash: 8.41% Traditional cash on cash: 7.32% Airbnb Rental Income: $2551 Traditional Rental Income: $1736 Airbnb ROI: 8.41% Traditional ROI: 7.32%
350 EMERALD FOREST Boulevard #30109 Covington, LA Pristine, Freshly Renovated First-Floor Condo in Gated Covington Community! Welcome to ...	1 beds \| 1 baths \| 816 sq.ft.	$138,300	Airbnb cash on cash: -0.96% Traditional cash on cash: -0.82% Airbnb Rental Income: $1775 Traditional Rental Income: $1308 Airbnb ROI: -0.96% Traditional ROI: -0.82%
16730 HIGHLAND HEIGHTS Drive Covington, LA Welcome home to 16730 Highland Heights! A well-maintained 4-bedroom, 3-bath home located i...	4 beds \| 3 baths \| 2,440 sq.ft.	$339,000	Airbnb cash on cash: 7.1% Traditional cash on cash: 6.79% Airbnb Rental Income: $3680 Traditional Rental Income: $2778 Airbnb ROI: 7.1% Traditional ROI: 6.79%
312 E E 34TH Avenue Covington, LA Sweet 2 bedroom/1 bath cottage with fenced rear yard. The cottage is neat as a pin, recent...	2 beds \| 1 baths \| 900 sq.ft.	$165,000	Airbnb cash on cash: 7.42% Traditional cash on cash: 7.36% Airbnb Rental Income: $1933 Traditional Rental Income: $1413 Airbnb ROI: 7.42% Traditional ROI: 7.36%
166 EGRET Street Covington, LA Move-in ready and full of thoughtful features! This 4-bedroom, 2-bath home sits on an over...	4 beds \| 2 baths \| 1,806 sq.ft.	$355,000	Airbnb cash on cash: 6.81% Traditional cash on cash: 5.1% Airbnb Rental Income: $3680 Traditional Rental Income: $2309 Airbnb ROI: 6.81% Traditional ROI: 5.1%
109 TCHEFUNCTA SOUTH Drive Covington, LA Welcome to this extraordinary Covington estate, a true showcase of luxury living, tranquil...	5 beds \| 4 baths \| 4,185 sq.ft.	$1,400,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.63% Airbnb Rental Income: $null Traditional Rental Income: $4326 Airbnb ROI: N/A Traditional ROI: 1.63%
66 THUNDERBIRD Drive Covington, LA Beautiful Custom home to be built in Tchefuncta Club Estates! Buyers can select every fini...	5 beds \| 5 baths \| 3,700 sq.ft.	$1,469,000	Airbnb cash on cash: N/A Traditional cash on cash: 2% Airbnb Rental Income: $null Traditional Rental Income: $4957 Airbnb ROI: N/A Traditional ROI: 2%
1368 RIVER CLUB Drive Covington, LA Beautiful new construction in the final phases of building. This home has custom amenities...	5 beds \| 5 baths \| 4,346 sq.ft.	$1,439,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.89% Airbnb Rental Income: $null Traditional Rental Income: $3446 Airbnb ROI: N/A Traditional ROI: 0.89%
72412 OPELOUSAS Street Covington, LA Charming Ranch-Style Home in Covingtonâs Garland Estates Step into comfort and style wi...	3 beds \| 2 baths \| 1,812 sq.ft.	$265,000	Airbnb cash on cash: 5.83% Traditional cash on cash: 6.87% Airbnb Rental Income: $2551 Traditional Rental Income: $2196 Airbnb ROI: 5.83% Traditional ROI: 6.87%
34 RIVERDALE Drive Covington, LA This sophisticated Country French home in Tchefuncta Club Estates with a magnificent renov...	4 beds \| 6 baths \| 5,175 sq.ft.	$1,998,000	Airbnb cash on cash: -0.06% Traditional cash on cash: 1.74% Airbnb Rental Income: $3680 Traditional Rental Income: $6220 Airbnb ROI: -0.06% Traditional ROI: 1.74%
10 THUNDERBIRD Drive Covington, LA Experience a new level of refinement and grace in this exquisite estate nestled within the...	5 beds \| 5 baths \| 5,234 sq.ft.	$2,225,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.85% Airbnb Rental Income: $null Traditional Rental Income: $5077 Airbnb ROI: N/A Traditional ROI: 0.85%
12145 JONES Road Covington, LA Charming country living with modern flair! Tucked away on a full acre in Covington, this A...	3 beds \| 3 baths \| 2,205 sq.ft.	$339,900	Airbnb cash on cash: 4.23% Traditional cash on cash: 6.34% Airbnb Rental Income: $2551 Traditional Rental Income: $2613 Airbnb ROI: 4.23% Traditional ROI: 6.34%
21046 SMITH Road Covington, LA Escape to your serene sanctuary on 8.5 acres of natural beauty along the Little Bogue Fala...	1 beds \| 1 baths \| 1,394 sq.ft.	$799,000	Airbnb cash on cash: 0.39% Traditional cash on cash: 0.65% Airbnb Rental Income: $1775 Traditional Rental Income: $1481 Airbnb ROI: 0.39% Traditional ROI: 0.65%
350 EMERALD FOREST Boulevard #25104 Covington, LA Light & Bright two bedroom, two bath condo available in Covington's premiere Gated Communi...	2 beds \| 2 baths \| 1,201 sq.ft.	$159,900	Airbnb cash on cash: 0.1% Traditional cash on cash: 1.73% Airbnb Rental Income: $1933 Traditional Rental Income: $1671 Airbnb ROI: 0.1% Traditional ROI: 1.73%
72588 MILITARY Road Covington, LA Welcome to the Blue Cottage! Enter this special property through a canopy of trees opening...	4 beds \| 3 baths \| 3,608 sq.ft.	$895,000	Airbnb cash on cash: 2.31% Traditional cash on cash: 2.07% Airbnb Rental Income: $3680 Traditional Rental Income: $2680 Airbnb ROI: 2.31% Traditional ROI: 2.07%
20127 HIGHWAY 36 None Covington, LA This property offers a variety of potential uses, including a single-family dwelling, comm...	3 beds \| 4 baths \| 3,141 sq.ft.	$369,000	Airbnb cash on cash: 4.23% Traditional cash on cash: 6.88% Airbnb Rental Income: $2551 Traditional Rental Income: $2856 Airbnb ROI: 4.23% Traditional ROI: 6.88%
18146 WILLIE B Road Covington, LA NEW PRICE!!! Welcome to your slice of country paradise! Nestled on a sprawling acre in des...	5 beds \| 3 baths \| 1,995 sq.ft.	$265,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.76% Airbnb Rental Income: $null Traditional Rental Income: $2380 Airbnb ROI: N/A Traditional ROI: 7.76%
23648 GOODLIFE Lane Covington, LA Welcome to this stunning move-in ready home, brimming with high-end features & energy-effi...	4 beds \| 3 baths \| 3,230 sq.ft.	$1,050,000	Airbnb cash on cash: 1.82% Traditional cash on cash: 1.5% Airbnb Rental Income: $3680 Traditional Rental Income: $2568 Airbnb ROI: 1.82% Traditional ROI: 1.5%
350 EMERALD FOREST Boulevard #6101 Covington, LA Beautifully renovated AND furnished 1 bedroom, 1 bath ground-floor condo in the gated Emer...	1 beds \| 1 baths \| 791 sq.ft.	$125,000	Airbnb cash on cash: 3.05% Traditional cash on cash: 5.73% Airbnb Rental Income: $1775 Traditional Rental Income: $1613 Airbnb ROI: 3.05% Traditional ROI: 5.73%
34 GLEN LOOP Loop Covington, LA Discover this beautifully renovated home nestled on just under 1 acre in the serene Magnol...	3 beds \| 3 baths \| 2,093 sq.ft.	$359,900	Airbnb cash on cash: 4.18% Traditional cash on cash: 4.91% Airbnb Rental Income: $2551 Traditional Rental Income: $2184 Airbnb ROI: 4.18% Traditional ROI: 4.91%
21238 SHADY Lane Covington, LA Charming house on 1.8 Acres in Covington! This 3-bedroom, 2-bathroom home offers privacy, ...	3 beds \| 2 baths \| 1,326 sq.ft.	$239,900	Airbnb cash on cash: 6.94% Traditional cash on cash: 5.16% Airbnb Rental Income: $2551 Traditional Rental Income: $1534 Airbnb ROI: 6.94% Traditional ROI: 5.16%
123 N DOGWOOD Drive Covington, LA Perched on 3.56 acres with 268 feet of navigable Tchefuncte River frontage, this transform...	5 beds \| 7 baths \| 9,989 sq.ft.	$2,900,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.09% Airbnb Rental Income: $null Traditional Rental Income: $6856 Airbnb ROI: N/A Traditional ROI: 1.09%
312 COLT Court Covington, LA Welcome home to 312 Colt Court. This brick Colonial style home is ready for your finishing...	4 beds \| 3 baths \| 2,733 sq.ft.	$299,000	Airbnb cash on cash: 8.08% Traditional cash on cash: 7.08% Airbnb Rental Income: $3680 Traditional Rental Income: $2596 Airbnb ROI: 8.08% Traditional ROI: 7.08%
459 CAMDEN PARK Drive Covington, LA Welcome home to 459 Camden Park in beautiful Abitia Lakes. This beautiful 4 bedroom, 2 an...	4 beds \| 3 baths \| 2,993 sq.ft.	$698,000	Airbnb cash on cash: 2.53% Traditional cash on cash: 2.7% Airbnb Rental Income: $3680 Traditional Rental Income: $2987 Airbnb ROI: 2.53% Traditional ROI: 2.7%
605 S AMERICA Street Covington, LA A timeless estate in the heart of Covington. This stunning home is a total renovation blen...	4 beds \| 5 baths \| 4,696 sq.ft.	$1,900,000	Airbnb cash on cash: -0.03% Traditional cash on cash: 1.3% Airbnb Rental Income: $3680 Traditional Rental Income: $5222 Airbnb ROI: -0.03% Traditional ROI: 1.3%

Real Estate investment in Covington, LA

There are 128 properties for sale in the city of Covington . The median list price in Covington is $399,700 and the average price per square foot is $165. In September 2025, the average monthly cash on cash return in Covington is 5.00%. The average monthly rental income in Covington is $2,352.

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

There are 128 investment properties available for sale in Covington.

In 2025, 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 $2,352.

Your search for investment property begins and ends here

Investment Property for Sale in Covington, LA

1128 W 11TH Avenue

Covington, LA

5 beds | 3 baths | 2,627 sq.ft.

$598,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.03%

Airbnb Rental Income: $null

Traditional Rental Income: $2649

Airbnb ROI: N/A

Traditional ROI: 3.03%

344 ORMOND Drive

Covington, LA

4 beds | 3 baths | 2,676 sq.ft.

$649,000

Airbnb cash on cash: 3.04%

Traditional cash on cash: 3.37%

Airbnb Rental Income: $3680

Traditional Rental Income: $3083

Airbnb ROI: 3.04%

Traditional ROI: 3.37%

70105 10TH Street

Covington, LA

3 beds | 2 baths | 1,541 sq.ft.

$242,900

Airbnb cash on cash: 6.49%

Traditional cash on cash: 5.85%

Airbnb Rental Income: $2551

Traditional Rental Income: $1790

Airbnb ROI: 6.49%

Traditional ROI: 5.85%

23160 LOWE DAVIS Road

Covington, LA

3 beds | 4 baths | 3,120 sq.ft.

$790,000

Airbnb cash on cash: 0.96%

Traditional cash on cash: 2.17%

Airbnb Rental Income: $2551

Traditional Rental Income: $2828

Airbnb ROI: 0.96%

Traditional ROI: 2.17%

18030 DERBES Drive

Covington, LA

3 beds | 2 baths | 1,630 sq.ft.

$295,000

Airbnb cash on cash: 4.99%

Traditional cash on cash: 4.72%

Airbnb Rental Income: $2551

Traditional Rental Income: $1860

Airbnb ROI: 4.99%

Traditional ROI: 4.72%

72287 MILITARY Road

Covington, LA

3 beds | 3 baths | 2,450 sq.ft.

$775,000

Airbnb cash on cash: 1.01%

Traditional cash on cash: 1.66%

Airbnb Rental Income: $2551

Traditional Rental Income: $2405

Airbnb ROI: 1.01%

Traditional ROI: 1.66%

377 BEEBALM Circle

Covington, LA

4 beds | 3 baths | 2,556 sq.ft.

$399,999

Airbnb cash on cash: 5.68%

Traditional cash on cash: 5.32%

Airbnb Rental Income: $3680

Traditional Rental Income: $2741

Airbnb ROI: 5.68%

Traditional ROI: 5.32%

70312 G Street

Covington, LA

3 beds | 2 baths | 1,500 sq.ft.

$235,000

Airbnb cash on cash: 6.75%

Traditional cash on cash: 6.25%

Airbnb Rental Income: $2551

Traditional Rental Income: $1827

Airbnb ROI: 6.75%