Real Estate Investment Properties for Sale in Covington, TN

Looking for investment property in Covington, TN with high ROI ?

Explore a variety of short-term homes & houses in Covington, TN. Invest wisely with VRBO & Covington, TN 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, TN

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
263 Morris Rd Covington, TN Improved Price!!! 20 acres and a Pool highlight this forever home for you and your family!...	4 beds \| 2 baths \| 2,682 sq.ft.	$585,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.71% Airbnb Rental Income: $null Traditional Rental Income: $2253 Airbnb ROI: N/A Traditional ROI: 2.71%
2197 179 Hwy Covington, TN GREAT RANCH STYLE, BRICK HOME ON AN EVEN GREATER 2.50+/- ACRE LOT. CONCRETE DRIVEWAY. HUGE...	3 beds \| 2 baths \| N/A	$345,000	Airbnb cash on cash: 1.01% Traditional cash on cash: 3.61% Airbnb Rental Income: $1225 Traditional Rental Income: $1673 Airbnb ROI: 1.01% Traditional ROI: 3.61%
40 Vandergrift Dr Covington, TN For more information, contact Ken Wright at (901) 265-4656. Visit http://www.crye-leike.co...	3 beds \| 2 baths \| N/A	$250,000	Airbnb cash on cash: 1.42% Traditional cash on cash: 3.82% Airbnb Rental Income: $1225 Traditional Rental Income: $1398 Airbnb ROI: 1.42% Traditional ROI: 3.82%
4615 Hwy 54 Hwy E Covington, TN Charming 3-bedroom, 1.5-bath home full of character, situated on a spacious 1-acre lot wit...	3 beds \| 1 baths \| 1,545 sq.ft.	$210,000	Airbnb cash on cash: 2.54% Traditional cash on cash: 6.95% Airbnb Rental Income: $1225 Traditional Rental Income: $1710 Airbnb ROI: 2.54% Traditional ROI: 6.95%
707 S College St Covington, TN Completely remodeled home in the heart of Covington within walking distance to Covington H...	3 beds \| 2 baths \| 2,156 sq.ft.	$299,900	Airbnb cash on cash: 1.37% Traditional cash on cash: 4.96% Airbnb Rental Income: $1225 Traditional Rental Income: $1845 Airbnb ROI: 1.37% Traditional ROI: 4.96%
527 Fairway Dr Covington, TN A truly one-of-a-kind home that showcases exceptional architectural design, timeless chara...	4 beds \| 3 baths \| 5,235 sq.ft.	$608,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.71% Airbnb Rental Income: $null Traditional Rental Income: $3578 Airbnb ROI: N/A Traditional ROI: 4.71%
624 Fyfe St Covington, TN This newly remodeled cutie is waiting for you! This home brings beach cottage vibes to Cov...	3 beds \| 1 baths \| 1,078 sq.ft.	$185,000	Airbnb cash on cash: 3.03% Traditional cash on cash: 6.72% Airbnb Rental Income: $1225 Traditional Rental Income: $1481 Airbnb ROI: 3.03% Traditional ROI: 6.72%
715 Maple St S Covington, TN Beautifully renovated 2BR/1BA home in the heart of Covington, just minutes from the histor...	2 beds \| 1 baths \| 897 sq.ft.	$199,000	Airbnb cash on cash: -1.72% Traditional cash on cash: 4.97% Airbnb Rental Income: $227 Traditional Rental Income: $1264 Airbnb ROI: -1.72% Traditional ROI: 4.97%
502 James Ave Covington, TN Price Reduced to $242,500 Due to contract falling thru the week of closing with no fault o...	3 beds \| 2 baths \| 1,696 sq.ft.	$238,500	Airbnb cash on cash: 1.98% Traditional cash on cash: 7.09% Airbnb Rental Income: $1225 Traditional Rental Income: $1983 Airbnb ROI: 1.98% Traditional ROI: 7.09%
1321 59 Hwy W Covington, TN BEAUTIFULLY REMODELED! This home has been professionally remodeled from top to bottom! Wit...	3 beds \| 2 baths \| 1,900 sq.ft.	$275,000	Airbnb cash on cash: 1.71% Traditional cash on cash: 4.83% Airbnb Rental Income: $1225 Traditional Rental Income: $1642 Airbnb ROI: 1.71% Traditional ROI: 4.83%
1139 Tennessee 179 Covington, TN Move In Ready!!! This home features 3 bedrooms, 2 bathrooms, and is ready for its new owne...	3 beds \| 2 baths \| 1,512 sq.ft.	$140,000	Airbnb cash on cash: 3.8% Traditional cash on cash: 10.71% Airbnb Rental Income: $1225 Traditional Rental Income: $1760 Airbnb ROI: 3.8% Traditional ROI: 10.71%
754 Mcwilliams Rd Covington, TN 754 Mcwilliams Rd, Covington, TN 38019 \| Single Family Residential	3 beds \| 2 baths \| N/A	$357,000	Airbnb cash on cash: 0.5% Traditional cash on cash: 1.87% Airbnb Rental Income: $1225 Traditional Rental Income: $1291 Airbnb ROI: 0.5% Traditional ROI: 1.87%
212 Tipton St Covington, TN 212 Tipton St, Covington, TN 38019 \| Single Family Residential	5 beds \| 3 baths \| N/A	$300,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.03% Airbnb Rental Income: $null Traditional Rental Income: $2561 Airbnb ROI: N/A Traditional ROI: 7.03%
133 Washington Ave Covington, TN 133 Washington Ave, Covington, TN 38019 \| Single Family Residential	6 beds \| 2 baths \| N/A	$349,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.8% Airbnb Rental Income: $null Traditional Rental Income: $1902 Airbnb ROI: N/A Traditional ROI: 3.8%
296 E Washington Ave Covington, TN 296 E Washington Ave, Covington, TN 38019 \| Townhouse	2 beds \| 2 baths \| N/A	$324,900	Airbnb cash on cash: -2.01% Traditional cash on cash: 2.96% Airbnb Rental Income: $227 Traditional Rental Income: $1517 Airbnb ROI: -2.01% Traditional ROI: 2.96%
111 Washington Ave Covington, TN 111 Washington Ave, Covington, TN 38019 \| Single Family Residential	6 beds \| 2 baths \| N/A	$255,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.5% Airbnb Rental Income: $null Traditional Rental Income: $1829 Airbnb ROI: N/A Traditional ROI: 5.5%
1622 Sanford Rd Covington, TN 1622 Sanford Rd, Covington, TN 38019 \| Other	N/A beds \| N/A baths \| N/A	$204,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.43% Airbnb Rental Income: $null Traditional Rental Income: $506 Airbnb ROI: N/A Traditional ROI: 0.43%
0 Hwy 51 Hwy Covington, TN 0 Hwy 51 Hwy, Covington, TN 38019 \| Other	N/A beds \| N/A baths \| N/A	$430,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.68% Airbnb Rental Income: $null Traditional Rental Income: $506 Airbnb ROI: N/A Traditional ROI: -0.68%
375 Mueller Brass Rd Covington, TN 375 Mueller Brass Rd, Covington, TN 38019 \| Other	N/A beds \| N/A baths \| N/A	$325,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.35% Airbnb Rental Income: $null Traditional Rental Income: $506 Airbnb ROI: N/A Traditional ROI: -0.35%
0 Mueller Brass Rd Covington, TN 0 Mueller Brass Rd, Covington, TN 38019 \| Other	N/A beds \| N/A baths \| N/A	$85,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.25% Airbnb Rental Income: $null Traditional Rental Income: $506 Airbnb ROI: N/A Traditional ROI: 3.25%
513 Garland Ave Covington, TN 513 Garland Ave, Covington, TN 38019 \| Other	N/A beds \| N/A baths \| N/A	$374,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.3% Airbnb Rental Income: $null Traditional Rental Income: $587 Airbnb ROI: N/A Traditional ROI: -0.3%
1186 Hwy 51 Hwy Covington, TN 1186 Hwy 51 Hwy, Covington, TN 38019 \| Other	N/A beds \| N/A baths \| N/A	$625,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.86% Airbnb Rental Income: $null Traditional Rental Income: $587 Airbnb ROI: N/A Traditional ROI: -0.86%
284 E Washington Ave Covington, TN 284 E Washington Ave, Covington, TN 38019 \| Townhouse	2 beds \| 2 baths \| N/A	$324,900	Airbnb cash on cash: -2.01% Traditional cash on cash: 2.81% Airbnb Rental Income: $227 Traditional Rental Income: $1471 Airbnb ROI: -2.01% Traditional ROI: 2.81%
260 E Washington Ave Covington, TN 260 E Washington Ave, Covington, TN 38019 \| Townhouse	2 beds \| 2 baths \| N/A	$324,900	Airbnb cash on cash: -2.01% Traditional cash on cash: 2.81% Airbnb Rental Income: $227 Traditional Rental Income: $1471 Airbnb ROI: -2.01% Traditional ROI: 2.81%
248 E Washington Ave Covington, TN 248 E Washington Ave, Covington, TN 38019 \| Townhouse	2 beds \| 2 baths \| N/A	$324,900	Airbnb cash on cash: -2.01% Traditional cash on cash: 2.81% Airbnb Rental Income: $227 Traditional Rental Income: $1471 Airbnb ROI: -2.01% Traditional ROI: 2.81%
272 E Washington Ave Covington, TN 272 E Washington Ave, Covington, TN 38019 \| Townhouse	2 beds \| 2 baths \| N/A	$324,900	Airbnb cash on cash: -2.01% Traditional cash on cash: 2.81% Airbnb Rental Income: $227 Traditional Rental Income: $1471 Airbnb ROI: -2.01% Traditional ROI: 2.81%
236 E Washington Ave Covington, TN 236 E Washington Ave, Covington, TN 38019 \| Townhouse	2 beds \| 2 baths \| N/A	$324,900	Airbnb cash on cash: -2.01% Traditional cash on cash: 2.81% Airbnb Rental Income: $227 Traditional Rental Income: $1471 Airbnb ROI: -2.01% Traditional ROI: 2.81%
224 E Washington Ave Covington, TN 224 E Washington Ave, Covington, TN 38019 \| Townhouse	2 beds \| 2 baths \| N/A	$324,900	Airbnb cash on cash: -2.01% Traditional cash on cash: 2.81% Airbnb Rental Income: $227 Traditional Rental Income: $1471 Airbnb ROI: -2.01% Traditional ROI: 2.81%
212 E Washington Ave Covington, TN 212 E Washington Ave, Covington, TN 38019 \| Townhouse	2 beds \| 2 baths \| N/A	$324,900	Airbnb cash on cash: -2.01% Traditional cash on cash: 2.81% Airbnb Rental Income: $227 Traditional Rental Income: $1471 Airbnb ROI: -2.01% Traditional ROI: 2.81%
200 E Washington Ave Covington, TN 200 E Washington Ave, Covington, TN 38019 \| Townhouse	2 beds \| 2 baths \| N/A	$324,900	Airbnb cash on cash: -2.01% Traditional cash on cash: 2.81% Airbnb Rental Income: $227 Traditional Rental Income: $1471 Airbnb ROI: -2.01% Traditional ROI: 2.81%
212 Feezor St Covington, TN 212 Feezor St, Covington, TN 38019 \| Single Family Residential	3 beds \| 2 baths \| N/A	$225,000	Airbnb cash on cash: 1.76% Traditional cash on cash: 4.11% Airbnb Rental Income: $1225 Traditional Rental Income: $1332 Airbnb ROI: 1.76% Traditional ROI: 4.11%
605 Junior Dr Covington, TN 605 Junior Dr, Covington, TN 38019 \| Single Family Residential	3 beds \| 2 baths \| N/A	$150,000	Airbnb cash on cash: 3.44% Traditional cash on cash: 7.29% Airbnb Rental Income: $1225 Traditional Rental Income: $1385 Airbnb ROI: 3.44% Traditional ROI: 7.29%
1090 Hwy 179 Hwy Covington, TN 1090 Hwy 179 Hwy, Covington, TN 38019 \| Other	N/A beds \| N/A baths \| N/A	$75,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.97% Airbnb Rental Income: $null Traditional Rental Income: $587 Airbnb ROI: N/A Traditional ROI: 4.97%
E Hwy 54 Hwy Covington, TN E Hwy 54 Hwy, Covington, TN 38019 \| Other	N/A beds \| N/A baths \| 2,222 sq.ft.	$465,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.36% Airbnb Rental Income: $null Traditional Rental Income: $990 Airbnb ROI: N/A Traditional ROI: 0.36%
114 Boyce Ave E Covington, TN This adorable home is within walking distance of historical downtown Covington and is comp...	3 beds \| 1 baths \| 1,184 sq.ft.	$189,900	Airbnb cash on cash: 2.94% Traditional cash on cash: 6.44% Airbnb Rental Income: $1225 Traditional Rental Income: $1463 Airbnb ROI: 2.94% Traditional ROI: 6.44%
597 Walton Loop Covington, TN Owner occupant* 3 bedrooms, 1 bath, situated on almost a half acre lot in Covington, TN. I...	3 beds \| 1 baths \| 1,024 sq.ft.	$137,600	Airbnb cash on cash: 4.27% Traditional cash on cash: 9.2% Airbnb Rental Income: $1225 Traditional Rental Income: $1482 Airbnb ROI: 4.27% Traditional ROI: 9.2%
127 Walton Loop Rd Covington, TN MOTIVATED SELLERS! Great home with lots of character, plenty of space, room to roam and ve...	4 beds \| 3 baths \| 2,028 sq.ft.	$335,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.89% Airbnb Rental Income: $null Traditional Rental Income: $2648 Airbnb ROI: N/A Traditional ROI: 6.89%
7172 Mt Carmel Rd Covington, TN Enjoy peaceful country living with beautiful views in this charming 4-bedroom, 2-bath home...	4 beds \| 2 baths \| 1,823 sq.ft.	$339,815	Airbnb cash on cash: N/A Traditional cash on cash: 5.58% Airbnb Rental Income: $null Traditional Rental Income: $2273 Airbnb ROI: N/A Traditional ROI: 5.58%
792 Smith Dr Covington, TN This is a charming 3 bed 2 bath home on +/-0.50 acres in Tipton County. All of your higher...	3 beds \| 2 baths \| 1,764 sq.ft.	$249,900	Airbnb cash on cash: 1.83% Traditional cash on cash: 4.02% Airbnb Rental Income: $1225 Traditional Rental Income: $1350 Airbnb ROI: 1.83% Traditional ROI: 4.02%
112 Fairway Dr Covington, TN MOTIVATED SELLER!! All offers welcome!!! Welcome to The Links!! This home is MOVE IN READY...	4 beds \| 3 baths \| 2,745 sq.ft.	$439,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.82% Airbnb Rental Income: $null Traditional Rental Income: $2190 Airbnb ROI: N/A Traditional ROI: 3.82%

Real Estate investment in Covington, TN

There are 84 properties for sale in the city of Covington . The median list price in Covington is $204,877 and the average price per square foot is $91. In September 2026, the average monthly cash on cash return in Covington is 5.00%. The average monthly rental income in Covington is $1,481.

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

There are 84 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 $1,481.

Your search for investment property begins and ends here

Investment Property for Sale in Covington, TN

263 Morris Rd

Covington, TN

4 beds | 2 baths | 2,682 sq.ft.

$585,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.71%

Airbnb Rental Income: $null

Traditional Rental Income: $2253

Airbnb ROI: N/A

Traditional ROI: 2.71%

2197 179 Hwy

Covington, TN

3 beds | 2 baths | N/A

$345,000

Airbnb cash on cash: 1.01%

Traditional cash on cash: 3.61%

Airbnb Rental Income: $1225

Traditional Rental Income: $1673

Airbnb ROI: 1.01%

Traditional ROI: 3.61%

40 Vandergrift Dr

Covington, TN

3 beds | 2 baths | N/A

$250,000

Airbnb cash on cash: 1.42%

Traditional cash on cash: 3.82%

Airbnb Rental Income: $1225

Traditional Rental Income: $1398

Airbnb ROI: 1.42%

Traditional ROI: 3.82%

4615 Hwy 54 Hwy E

Covington, TN

3 beds | 1 baths | 1,545 sq.ft.

$210,000

Airbnb cash on cash: 2.54%

Traditional cash on cash: 6.95%

Airbnb Rental Income: $1225

Traditional Rental Income: $1710

Airbnb ROI: 2.54%

Traditional ROI: 6.95%

707 S College St

Covington, TN

3 beds | 2 baths | 2,156 sq.ft.

$299,900

Airbnb cash on cash: 1.37%

Traditional cash on cash: 4.96%

Airbnb Rental Income: $1225

Traditional Rental Income: $1845

Airbnb ROI: 1.37%

Traditional ROI: 4.96%

527 Fairway Dr

Covington, TN

4 beds | 3 baths | 5,235 sq.ft.

$608,900

Airbnb cash on cash: N/A

Traditional cash on cash: 4.71%

Airbnb Rental Income: $null

Traditional Rental Income: $3578

Airbnb ROI: N/A

Traditional ROI: 4.71%

624 Fyfe St

Covington, TN

3 beds | 1 baths | 1,078 sq.ft.

$185,000

Airbnb cash on cash: 3.03%

Traditional cash on cash: 6.72%

Airbnb Rental Income: $1225

Traditional Rental Income: $1481

Airbnb ROI: 3.03%

Traditional ROI: 6.72%

715 Maple St S

Covington, TN

2 beds | 1 baths | 897 sq.ft.

$199,000

Airbnb cash on cash: -1.72%

Traditional cash on cash: 4.97%

Airbnb Rental Income: $227

Traditional Rental Income: $1264

Airbnb ROI: -1.72%