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%
413 Shady View Lane Covington, LA Discover Southern charm at its finest in this exquisite Louisiana-style home situated on a...	4 beds \| 3 baths \| 3,217 sq.ft.	$569,000	Airbnb cash on cash: 1.97% Traditional cash on cash: 3.35% Airbnb Rental Income: $2709 Traditional Rental Income: $2802 Airbnb ROI: 1.97% Traditional ROI: 3.35%
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: 1.7% Traditional cash on cash: 3.37% Airbnb Rental Income: $2709 Traditional Rental Income: $3083 Airbnb ROI: 1.7% Traditional ROI: 3.37%
70105 10TH Street Covington, LA Back on the market at no fault to seller!! Move-In Ready Brick Beauty on a Spacious Corner...	3 beds \| 2 baths \| 1,541 sq.ft.	$242,900	Airbnb cash on cash: 1.42% Traditional cash on cash: 5.85% Airbnb Rental Income: $1155 Traditional Rental Income: $1790 Airbnb ROI: 1.42% 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.	$690,000	Airbnb cash on cash: -0.49% Traditional cash on cash: 2.7% Airbnb Rental Income: $1155 Traditional Rental Income: $2828 Airbnb ROI: -0.49% Traditional ROI: 2.7%
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.	$725,000	Airbnb cash on cash: -0.54% Traditional cash on cash: 1.87% Airbnb Rental Income: $1155 Traditional Rental Income: $2405 Airbnb ROI: -0.54% Traditional ROI: 1.87%
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: 3.52% Traditional cash on cash: 5.32% Airbnb Rental Income: $2709 Traditional Rental Income: $2741 Airbnb ROI: 3.52% Traditional ROI: 5.32%
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.	$485,000	Airbnb cash on cash: 2.71% Traditional cash on cash: 4.62% Airbnb Rental Income: $2709 Traditional Rental Income: $2937 Airbnb ROI: 2.71% Traditional ROI: 4.62%
305 BEEBALM Circle Covington, LA Built in 2016, this beautiful home in the sought-after Countryside neighborhood sits on a ...	4 beds \| 3 baths \| 2,269 sq.ft.	$350,000	Airbnb cash on cash: 4.22% Traditional cash on cash: 4.79% Airbnb Rental Income: $2709 Traditional Rental Income: $2255 Airbnb ROI: 4.22% Traditional ROI: 4.79%
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.	$127,500	Airbnb cash on cash: -5.94% Traditional cash on cash: -0.81% Airbnb Rental Income: $1041 Traditional Rental Income: $1308 Airbnb ROI: -5.94% Traditional ROI: -0.81%
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.	$330,000	Airbnb cash on cash: 4.72% Traditional cash on cash: 7.01% Airbnb Rental Income: $2709 Traditional Rental Income: $2778 Airbnb ROI: 4.72% Traditional ROI: 7.01%
76212 S FITZMORRIS Lane Covington, LA Gorgeous acreage with live oaks just minutes off of Lee Road. The seller purchased the adj...	4 beds \| 2 baths \| 1,961 sq.ft.	$345,000	Airbnb cash on cash: 4.55% Traditional cash on cash: 5.1% Airbnb Rental Income: $2709 Traditional Rental Income: $2247 Airbnb ROI: 4.55% Traditional ROI: 5.1%
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: 5.28% Traditional cash on cash: 7.36% Airbnb Rental Income: $1529 Traditional Rental Income: $1413 Airbnb ROI: 5.28% Traditional ROI: 7.36%
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 \| 4,200 sq.ft.	$1,750,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.43% Airbnb Rental Income: $null Traditional Rental Income: $4957 Airbnb ROI: N/A Traditional ROI: 1.43%
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%
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: -0.5% Traditional cash on cash: 1.74% Airbnb Rental Income: $2709 Traditional Rental Income: $6220 Airbnb ROI: -0.5% 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: 0.58% Traditional cash on cash: 6.34% Airbnb Rental Income: $1155 Traditional Rental Income: $2613 Airbnb ROI: 0.58% Traditional ROI: 6.34%
21046 SMITH Road Covington, LA Escape to your serene sanctuary on 8.5 acres (~5.8 Acres Flood Zone C and ~2.7 Acres of Fl...	1 beds \| 1 baths \| 1,394 sq.ft.	$799,000	Airbnb cash on cash: -0.43% Traditional cash on cash: 0.65% Airbnb Rental Income: $1041 Traditional Rental Income: $1481 Airbnb ROI: -0.43% Traditional ROI: 0.65%
73279 MILITARY Road Covington, LA Imagine starting your day w/coffee on the veranda, overlooking the pool & cabana in vibran...	4 beds \| 5 baths \| 4,970 sq.ft.	$2,150,000	Airbnb cash on cash: -0.58% Traditional cash on cash: 0.65% Airbnb Rental Income: $2709 Traditional Rental Income: $4521 Airbnb ROI: -0.58% 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: -2.11% Traditional cash on cash: 1.73% Airbnb Rental Income: $1529 Traditional Rental Income: $1671 Airbnb ROI: -2.11% Traditional ROI: 1.73%
18146 WILLIE B Road Covington, LA Escape the hustle and find your happy place! This isn't just a house; it's a lifestyle wai...	5 beds \| 3 baths \| 1,995 sq.ft.	$259,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.93% Airbnb Rental Income: $null Traditional Rental Income: $2380 Airbnb ROI: N/A Traditional ROI: 7.93%
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.	$975,000	Airbnb cash on cash: 1.14% Traditional cash on cash: 1.69% Airbnb Rental Income: $2709 Traditional Rental Income: $2568 Airbnb ROI: 1.14% Traditional ROI: 1.69%
20066 HIGHWAY 36 None Covington, LA Completely updated sun-filled home just a block from The Tammany Trace! Clean and modern, ...	2 beds \| 1 baths \| 1,055 sq.ft.	$185,000	Airbnb cash on cash: 4.59% Traditional cash on cash: 6.26% Airbnb Rental Income: $1529 Traditional Rental Income: $1379 Airbnb ROI: 4.59% Traditional ROI: 6.26%
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.	$349,900	Airbnb cash on cash: 0.78% Traditional cash on cash: 5.07% Airbnb Rental Income: $1155 Traditional Rental Income: $2184 Airbnb ROI: 0.78% Traditional ROI: 5.07%
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%
14034 S LAKESHORE Drive Covington, LA PRICED BELOW APPRAISAL! Nestled in the highly sought-after Lake Ramsey community in rura...	4 beds \| 3 baths \| 2,224 sq.ft.	$399,500	Airbnb cash on cash: 3.59% Traditional cash on cash: 4.21% Airbnb Rental Income: $2709 Traditional Rental Income: $2298 Airbnb ROI: 3.59% Traditional ROI: 4.21%
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 \| 2,888 sq.ft.	$295,000	Airbnb cash on cash: 5.29% Traditional cash on cash: 7.18% Airbnb Rental Income: $2709 Traditional Rental Income: $2596 Airbnb ROI: 5.29% Traditional ROI: 7.18%
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.	$693,000	Airbnb cash on cash: 1.3% Traditional cash on cash: 2.72% Airbnb Rental Income: $2709 Traditional Rental Income: $2987 Airbnb ROI: 1.3% Traditional ROI: 2.72%
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: -0.49% Traditional cash on cash: 1.3% Airbnb Rental Income: $2709 Traditional Rental Income: $5222 Airbnb ROI: -0.49% Traditional ROI: 1.3%
20354 HELENBIRG Road Covington, LA Welcome to this elegant 3-bedroom, 2-bathroom home where style and comfort blend seamlessl...	3 beds \| 2 baths \| 1,482 sq.ft.	$289,000	Airbnb cash on cash: 1.04% Traditional cash on cash: 5.1% Airbnb Rental Income: $1155 Traditional Rental Income: $1879 Airbnb ROI: 1.04% Traditional ROI: 5.1%
916 AVENUE DU CHATEAU None Covington, LA Versailles Gem: Stunning residence in the top-rated Mandeville school district. Featuring ...	4 beds \| 4 baths \| 2,812 sq.ft.	$450,000	Airbnb cash on cash: 3.58% Traditional cash on cash: 6.9% Airbnb Rental Income: $2709 Traditional Rental Income: $3466 Airbnb ROI: 3.58% Traditional ROI: 6.9%
196 TCHEFUNCTE Drive Covington, LA The fun never has to end in this beautiful home, situated on hole number 12 of the golf co...	4 beds \| 6 baths \| 3,558 sq.ft.	$649,500	Airbnb cash on cash: 2.24% Traditional cash on cash: 10.51% Airbnb Rental Income: $2709 Traditional Rental Income: $7080 Airbnb ROI: 2.24% Traditional ROI: 10.51%

Real Estate investment in Covington, LA

There are 129 properties for sale in the city of Covington . The median list price in Covington is $385,000 and the average price per square foot is $154. In October 2025, the average monthly cash on cash return in Covington is 5.00%. The average monthly rental income in Covington is $2,405.

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

There are 129 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 $2,405.

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%

413 Shady View Lane

Covington, LA

4 beds | 3 baths | 3,217 sq.ft.

$569,000

Airbnb cash on cash: 1.97%

Traditional cash on cash: 3.35%

Airbnb Rental Income: $2709

Traditional Rental Income: $2802

Airbnb ROI: 1.97%

Traditional ROI: 3.35%

344 ORMOND Drive

Covington, LA

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

$649,000

Airbnb cash on cash: 1.7%

Traditional cash on cash: 3.37%

Airbnb Rental Income: $2709

Traditional Rental Income: $3083

Airbnb ROI: 1.7%

Traditional ROI: 3.37%

70105 10TH Street

Covington, LA

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

$242,900

Airbnb cash on cash: 1.42%

Traditional cash on cash: 5.85%

Airbnb Rental Income: $1155

Traditional Rental Income: $1790

Airbnb ROI: 1.42%

Traditional ROI: 5.85%

23160 LOWE DAVIS Road

Covington, LA

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

$690,000

Airbnb cash on cash: -0.49%

Traditional cash on cash: 2.7%

Airbnb Rental Income: $1155

Traditional Rental Income: $2828

Airbnb ROI: -0.49%

Traditional ROI: 2.7%

72287 MILITARY Road

Covington, LA

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

$725,000

Airbnb cash on cash: -0.54%

Traditional cash on cash: 1.87%

Airbnb Rental Income: $1155

Traditional Rental Income: $2405

Airbnb ROI: -0.54%

Traditional ROI: 1.87%

377 BEEBALM Circle

Covington, LA

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

$399,999

Airbnb cash on cash: 3.52%

Traditional cash on cash: 5.32%

Airbnb Rental Income: $2709

Traditional Rental Income: $2741

Airbnb ROI: 3.52%

Traditional ROI: 5.32%

327 SAW GRASS Loop

Covington, LA

4 beds | 3 baths | 2,471 sq.ft.

$485,000

Airbnb cash on cash: 2.71%

Traditional cash on cash: 4.62%

Airbnb Rental Income: $2709

Traditional Rental Income: $2937

Airbnb ROI: 2.71%