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.	$548,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.45% Airbnb Rental Income: $null Traditional Rental Income: $2649 Airbnb ROI: N/A Traditional ROI: 3.45%
344 ORMOND Drive Covington, LA Wrapped Up a New Price for You and just in time for Christmas! LETâS WORK OUT A DEAL-MO...	4 beds \| 3 baths \| 2,676 sq.ft.	$624,900	Airbnb cash on cash: 1.48% Traditional cash on cash: 3.56% Airbnb Rental Income: $2467 Traditional Rental Income: $3083 Airbnb ROI: 1.48% Traditional ROI: 3.56%
70105 10TH Street Covington, LA Back on the market at no fault to seller and priced BELOW appraisal!! Move-In Ready Brick ...	3 beds \| 2 baths \| 1,541 sq.ft.	$239,000	Airbnb cash on cash: 2.04% Traditional cash on cash: 5.96% Airbnb Rental Income: $1313 Traditional Rental Income: $1790 Airbnb ROI: 2.04% Traditional ROI: 5.96%
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: -0.28% Traditional cash on cash: 2.7% Airbnb Rental Income: $1313 Traditional Rental Income: $2828 Airbnb ROI: -0.28% 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.	$675,000	Airbnb cash on cash: -0.26% Traditional cash on cash: 2.13% Airbnb Rental Income: $1313 Traditional Rental Income: $2405 Airbnb ROI: -0.26% Traditional ROI: 2.13%
327 SAW GRASS Loop Covington, LA GREAT NEW PRICE! in demand community SPRING LAKES! Beautiful 4 bed 3 bath (plus 5th bedroo...	4 beds \| 3 baths \| 2,471 sq.ft.	$480,000	Airbnb cash on cash: 2.3% Traditional cash on cash: 4.68% Airbnb Rental Income: $2467 Traditional Rental Income: $2937 Airbnb ROI: 2.3% Traditional ROI: 4.68%
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.	$348,000	Airbnb cash on cash: 3.64% Traditional cash on cash: 4.82% Airbnb Rental Income: $2467 Traditional Rental Income: $2255 Airbnb ROI: 3.64% Traditional ROI: 4.82%
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: 3.93% Traditional cash on cash: 5.1% Airbnb Rental Income: $2467 Traditional Rental Income: $2247 Airbnb ROI: 3.93% 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.	$159,900	Airbnb cash on cash: 4.66% Traditional cash on cash: 7.62% Airbnb Rental Income: $1379 Traditional Rental Income: $1413 Airbnb ROI: 4.66% Traditional ROI: 7.62%
72348 NURSERY Street Covington, LA	3 beds \| 2 baths \| 1,120 sq.ft.	$185,000	Airbnb cash on cash: 3.53% Traditional cash on cash: 8.93% Airbnb Rental Income: $1313 Traditional Rental Income: $1856 Airbnb ROI: 3.53% Traditional ROI: 8.93%
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%
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%
73279 MILITARY Road Covington, LA Welcome to a life where every day feels like a vacationâwhere history, nature & comfort ...	4 beds \| 5 baths \| 4,970 sq.ft.	$1,950,000	Airbnb cash on cash: -0.65% Traditional cash on cash: 0.82% Airbnb Rental Income: $2467 Traditional Rental Income: $4521 Airbnb ROI: -0.65% Traditional ROI: 0.82%
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: -2.93% Traditional cash on cash: 1.73% Airbnb Rental Income: $1379 Traditional Rental Income: $1671 Airbnb ROI: -2.93% 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: 0.92% Traditional cash on cash: 1.69% Airbnb Rental Income: $2467 Traditional Rental Income: $2568 Airbnb ROI: 0.92% Traditional ROI: 1.69%
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: 1.18% Traditional cash on cash: 5.07% Airbnb Rental Income: $1313 Traditional Rental Income: $2184 Airbnb ROI: 1.18% Traditional ROI: 5.07%
459 CAMDEN PARK Drive Covington, LA Enjoy all the conveniences of Covington and the surrounding areas while indulging in the l...	4 beds \| 3 baths \| 2,993 sq.ft.	$693,000	Airbnb cash on cash: 0.99% Traditional cash on cash: 2.72% Airbnb Rental Income: $2467 Traditional Rental Income: $2987 Airbnb ROI: 0.99% 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: -0.6% Traditional cash on cash: 1.3% Airbnb Rental Income: $2467 Traditional Rental Income: $5222 Airbnb ROI: -0.6% 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: 1.52% Traditional cash on cash: 5.1% Airbnb Rental Income: $1313 Traditional Rental Income: $1879 Airbnb ROI: 1.52% 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: 3.1% Traditional cash on cash: 6.9% Airbnb Rental Income: $2467 Traditional Rental Income: $3466 Airbnb ROI: 3.1% 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.	$625,000	Airbnb cash on cash: 2.02% Traditional cash on cash: 10.96% Airbnb Rental Income: $2467 Traditional Rental Income: $7080 Airbnb ROI: 2.02% Traditional ROI: 10.96%
622 S AMERICA Street Covington, LA This extraordinary historic estate, crafted in the 1860s, is a classic masterpiece situate...	5 beds \| 6 baths \| 5,051 sq.ft.	$4,950,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.36% Airbnb Rental Income: $null Traditional Rental Income: $7272 Airbnb ROI: N/A Traditional ROI: 0.36%
82491 HIGHWAY 437 Highway Covington, LA This beautiful estate property, in need of some TLC, offers tremendous potential to become...	3 beds \| 2 baths \| 2,671 sq.ft.	$690,000	Airbnb cash on cash: -0.16% Traditional cash on cash: 2.4% Airbnb Rental Income: $1313 Traditional Rental Income: $2554 Airbnb ROI: -0.16% Traditional ROI: 2.4%
350 EMERALD FOREST Boulevard #28109 Covington, LA Impeccably maintained and thoughtfully updated, this ground-floor condo is furnished and m...	1 beds \| 1 baths \| 816 sq.ft.	$135,000	Airbnb cash on cash: -0.7% Traditional cash on cash: 3.63% Airbnb Rental Income: $1118 Traditional Rental Income: $1304 Airbnb ROI: -0.7% Traditional ROI: 3.63%
527 S FILMORE Street Covington, LA Discover instant equity with this one-of-a-kind home. Bursting with character, this proper...	3 beds \| 2 baths \| 1,554 sq.ft.	$269,900	Airbnb cash on cash: 1.37% Traditional cash on cash: 4.97% Airbnb Rental Income: $1313 Traditional Rental Income: $1823 Airbnb ROI: 1.37% Traditional ROI: 4.97%
16973 RIVER PARK Drive Covington, LA NEW PRICE! MOVE IN READY! This beautifully built home by DR Horton in 2017 offers a spacio...	4 beds \| 2 baths \| 2,014 sq.ft.	$274,000	Airbnb cash on cash: 5.31% Traditional cash on cash: 6.56% Airbnb Rental Income: $2467 Traditional Rental Income: $2191 Airbnb ROI: 5.31% Traditional ROI: 6.56%
350 EMERALD FOREST Boulevard #9202 Covington, LA Cozy condo includes Washer, Dryer, Refrigerator, Range, and microwave. Open floor plan in ...	1 beds \| 1 baths \| 680 sq.ft.	$119,500	Airbnb cash on cash: -1.52% Traditional cash on cash: 6.28% Airbnb Rental Income: $1118 Traditional Rental Income: $1642 Airbnb ROI: -1.52% Traditional ROI: 6.28%
6 HOLLY Lane Covington, LA Beautifully updated 3-bedroom, 2-bath home in desirable Tchefuncte Club Estates! Nestled o...	3 beds \| 2 baths \| 2,206 sq.ft.	$649,000	Airbnb cash on cash: -0.16% Traditional cash on cash: 2.56% Airbnb Rental Income: $1313 Traditional Rental Income: $2556 Airbnb ROI: -0.16% Traditional ROI: 2.56%
20 BEECHWOOD GARDENS Lane Covington, LA Perched on a bluff with the Little Bogue Falaya River meandering nearby is this beautiful ...	5 beds \| 4 baths \| 4,227 sq.ft.	$1,025,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.12% Airbnb Rental Income: $null Traditional Rental Income: $4040 Airbnb ROI: N/A Traditional ROI: 2.12%
73527 MILITARY Road Covington, LA Situated on a bucolic 2.9 acre site resplendent with old-growth plantings and trees, and l...	3 beds \| 3 baths \| 3,673 sq.ft.	$810,000	Airbnb cash on cash: 0.07% Traditional cash on cash: 1.8% Airbnb Rental Income: $1313 Traditional Rental Income: $2211 Airbnb ROI: 0.07% Traditional ROI: 1.8%
72422 ROSE Street Covington, LA Price Improvement! This is a great equity builder and a chance to make your vision a reali...	3 beds \| 1 baths \| 1,085 sq.ft.	$130,000	Airbnb cash on cash: 5.05% Traditional cash on cash: 8.74% Airbnb Rental Income: $1313 Traditional Rental Income: $1367 Airbnb ROI: 5.05% Traditional ROI: 8.74%
78028 N FITZMORRIS EXT None Covington, LA Nice Secluded Country living but minutes away from Covington with all the new restaurants,...	5 beds \| 4 baths \| 2,909 sq.ft.	$325,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.57% Airbnb Rental Income: $null Traditional Rental Income: $3024 Airbnb ROI: N/A Traditional ROI: 8.57%
350 EMERALD FOREST Boulevard #5105 Covington, LA Welcome home to this beautifully maintained ground-floor condo at Emerald Forest Condomini...	2 beds \| 2 baths \| 1,051 sq.ft.	$139,900	Airbnb cash on cash: 0.18% Traditional cash on cash: 7.35% Airbnb Rental Income: $1379 Traditional Rental Income: $1923 Airbnb ROI: 0.18% Traditional ROI: 7.35%

Real Estate investment in Covington, LA

There are 83 properties for sale in the city of Covington . The median list price in Covington is $372,500 and the average price per square foot is $154. In December 2025, the average monthly cash on cash return in Covington is 4.00%. The average monthly rental income in Covington is $2,334.

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

There are 83 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 $2,334.

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.

$548,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.45%

Airbnb Rental Income: $null

Traditional Rental Income: $2649

Airbnb ROI: N/A

Traditional ROI: 3.45%

344 ORMOND Drive

Covington, LA

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

$624,900

Airbnb cash on cash: 1.48%

Traditional cash on cash: 3.56%

Airbnb Rental Income: $2467

Traditional Rental Income: $3083

Airbnb ROI: 1.48%

Traditional ROI: 3.56%

70105 10TH Street

Covington, LA

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

$239,000

Airbnb cash on cash: 2.04%

Traditional cash on cash: 5.96%

Airbnb Rental Income: $1313

Traditional Rental Income: $1790

Airbnb ROI: 2.04%

Traditional ROI: 5.96%

23160 LOWE DAVIS Road

Covington, LA

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

$690,000

Airbnb cash on cash: -0.28%

Traditional cash on cash: 2.7%

Airbnb Rental Income: $1313

Traditional Rental Income: $2828

Airbnb ROI: -0.28%

Traditional ROI: 2.7%

72287 MILITARY Road

Covington, LA

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

$675,000

Airbnb cash on cash: -0.26%

Traditional cash on cash: 2.13%

Airbnb Rental Income: $1313

Traditional Rental Income: $2405

Airbnb ROI: -0.26%

Traditional ROI: 2.13%

327 SAW GRASS Loop

Covington, LA

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

$480,000

Airbnb cash on cash: 2.3%

Traditional cash on cash: 4.68%

Airbnb Rental Income: $2467

Traditional Rental Income: $2937

Airbnb ROI: 2.3%

Traditional ROI: 4.68%

305 BEEBALM Circle

Covington, LA

4 beds | 3 baths | 2,269 sq.ft.

$348,000

Airbnb cash on cash: 3.64%

Traditional cash on cash: 4.82%

Airbnb Rental Income: $2467

Traditional Rental Income: $2255

Airbnb ROI: 3.64%

Traditional ROI: 4.82%

76212 S FITZMORRIS Lane

Covington, LA

4 beds | 2 baths | 1,961 sq.ft.

$345,000

Airbnb cash on cash: 3.93%

Traditional cash on cash: 5.1%

Airbnb Rental Income: $2467

Traditional Rental Income: $2247

Airbnb ROI: 3.93%